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*shaking My Head*

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http://finance.yahoo.com/news/ex-aig-ceos-company-suing-203934314.html

We should have just let them failed and be economically worse off. What a selfish *****. First he racks up a huge amount of obligations that his company couldn't meet, then the government buys shares from the shareholders whose claims would have been worth a lot less should they have gone under, then the moron thinks he entitled to damage because the bailout is unconstitutional. Ah, hell, what a great country we live in. :D

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Seems to me Mr. Greenberg and a few others are under the impression that they can and have done no wrong, and want to be treated like royalty. I say we honor their wishes and treat them as such. Just as the French did theirs in the late 1700's. ;)

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I say we just make a new country. I think I read somewhere Texas can still succeed from the nation.

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Suits like this one are so complicated that very few people can really understand the true legality, in no am I agreeing or disagreeing, I'm certainly not qualified. Whether you believed in the bailouts or not that's a subject for a political forum, I'll be mute on that issue.

I say we just make a new country. I think I read somewhere Texas can still succeed from the nation.

It has been advocated recently, whether in jest or in seriousness you can be the judge you can be the judge on that, I do believe from what I have read it is not legal to do so.

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Someone else might remember, but my memory wants to say AIG got a loan and in exchange for the loan they gave stock warrants to the government which they exercised into common shares. Where hostility comes into play is beyond me. It not like the government up and took the shares away from shareholders.. I have a strong gut feeling that he is just being a crybaby and will lose the case. Be interesting to see how it plays out. Of course the suit might play out so long that I lose interest in following the action. :D

P.S. If you look at their financial statements during that time, it's ugly...

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