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Aig Lawsuit

AIG's former CEO, Hank Greenberg: "The Government Exceeded Its Authority"

92nd Street Y | Posted 05.28.2013 | Business
92nd Street Y

On March 19, Hank Greenberg, AIG's former CEO of 40 years and now head of Starr Companies, sat down with Bloomberg Television anchor Betty Liu at 92Y ...

Mark Gongloff

Ex-AIG CEO Still Suing Government Over Bailout | Mark Gongloff | Posted 03.12.2013 | Business

Hank Greenberg is apparently never going to stop suing the U.S. government for the unthinkable offense of bailing out his old company, American Intern...

Matt Taibbi Sort of Defends AIG Shareholders' Lawsuit - for Good Reason

John Berlau | Posted 03.18.2013 | Business
John Berlau

It appears that the big government hand that "fed" AIG slipped in a few doses of poison as well as sustenance, and then diverted some of that sustenance to AIG's big bank counterparties. To borrow a Taibbi term of art, sometimes it takes a vampire squid to beat a vampire squid.

Too Rich to Lose Money? AIG, the Takings Clause and the Roberts Court

Doug Kendall | Posted 03.16.2013 | Politics
Doug Kendall

The Takings Clause made national news last week with the spectacle of AIG playing Hamlet in debating whether "to sue, or not to sue" the federal government over the terms of the company's bailout -- a rather backhanded way of thanking American taxpayers for keeping the company from bankruptcy in 2008.

AIG Sues New York Fed... To Secure Right To Sue Bank Of America

Reuters | Posted 03.14.2013 | Business

* AIG says did not transfer legal claims to Maiden Lane II * NY Fed, which created Maiden Lane, declined to comment By J...

AIG Won't Join Lawsuit Against U.S.

Posted 01.09.2013 | Business

AIG won't join ex-CEO Maurice "Hank" Greenberg's lawsuit against the U.S. government over the insurance giant's financial crisis bailout, the Wall Str...

AIG Bites the Hand

Jeff Danziger | Posted 03.11.2013 | Politics
Jeff Danziger


TARP Is Over, But the Bailouts Will Continue Until the Big Banks Are Broken Up -- and Washington Knows It

Robert Reich | Posted 03.11.2013 | Business
Robert Reich

TARP -- the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008 -- is over. The Treasury Department announced it will be completing the sale of the remaining shares it owns of the banks and of General Motors. But in reality it's not over.

AIG Debates Joining Lawsuit Against Government

The Huffington Post | Mark Gongloff | Posted 01.22.2013 | Business

If AIG were a C-list celebrity instead of a company, it would be Donald Trump. It just has a special gift for pissing people off. The board of insu...

Decision Time For AIG

The Huffington Post | Mark Gongloff | Posted 01.09.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Elizabeth Warren Slams 'Outrageous' Move

The Huffington Post | Luke Johnson | Posted 01.08.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) slammed American International Group on Tuesday for thinking about suing the federal government over the $182 billion ...

Rescued By A Bailout, A.I.G. May Sue Its Savior

Dealbook | BEN PROTESS and MICHAEL J. DE LA MERCED | Posted 01.08.2013 | Business

Fresh from paying back a $182 billion bailout, the American International Group has been running a nationwide advertising campaign with the tagline ...

Bank Of America Stock Drops 20 Percent Following $10 Billion Lawsuit

The Huffington Post | Alexander Eichler | Posted 10.08.2011 | Business

Bank of America stocks tumbled 20 percent on Monday as investors reacted in part to a $10 billion lawsuit that the insurance corporation American Inte...

Maxwell Strachan

Bailed-Out AIG Now Says It Was Victim Of Wall Street's Worst Behaviors | Maxwell Strachan | Posted 06.29.2011 | Business

Two and a half years after first being bailed out by the federal government, insurance giant AIG has officially begun to place blame on companies it a...

Taxpayers Could Share In Two Huge Lawsuits Filed By AIG

Posted 06.28.2011 | Business

WILMINGTON, Delaware: American International Group Inc, sued two money management firms on Thursday in a fight to recoup billions of dollars the baile...

AIG To Pay $450 Million To Settle Worker's Comp Lawsuit

Posted 05.25.2011 | Business

American International Group has agreed in principle to pay $450 million to settle a lawsuit with rival insurance companies over alleged under-reporti...

A.I.G. Sues Government For Return Of $306 Million In Tax Payments

New York Times | LYNNLEY BROWNING | Posted 05.25.2011 | Business

While the American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the re...