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Fresh from paying back a $182 billion bailout, the American International Group Inc. has been running a nationwide advertising campaign with the tagline “Thank you America.”
Behind the scenes, the restored insurance company is weighing whether to tell the government agencies that rescued it during the financial crisis: thanks, but you cheated our shareholders.
The board of A.I.G. will meet on Wednesday to consider joining a $25 billion shareholder lawsuit against the government, court records show.
AIG CEO Robert H. Benmosche accompanied the ads with a letter to the New York Times, in which he wrote, “It is a result of our employees’ determination to repay America that A.I.G. not only supports our customers and employees but also contributes directly to the financial stability of the United States. Thank you, America.”
Originally posted by marg6043
reply to post by RN311
Actually they don't, see AIG after taking the biggest bailout from the government (Tax payers) paid themselves million dollar bonuses before the Uncle Sam (Tax payer) took 92% ownership, but rather than paying back themselves as they are the government owned, so since September this year Federal Reserve have sold to 4 Franchisers more than 59% percent of the company.
So I wonder who are the ones now suing the government (Tax payers) because the government can not sue itself, the private owners now wants to sue? so they don't have to fulfill the agreement of the remaining bailout?
Or is that as usual corporate America got AIG at a very good price from the government with not benefits to the tax payer and now wants to screw the tax payer more.
edit on 8-1-2013 by marg6043 because: (no reason given)