Former head of AIG sues govt for taking it over and not bailing it out

In my opinion, this man is a prime example of what is wrong with our country. From CNN Money:

The former head of the American International Group sued the U.S. government for $25 billion on Monday, claiming officials should have bailed out AIG instead of taking it over.

Maurice “Hank” Greenberg and his Starr International Company accused officials of discriminating against AIG.

I guess now that “corporations are people too” they can be discriminated against. Treasury’s response is spot-on:

“It is important to remember that the government provided assistance to AIG — and stopped it from collapsing — in order to prevent a meltdown of the entire global financial system,” Tim Massad, assistant secretary for financial stability, said in a statement.

Yes, but he didn’t make as much money on the deal as he thought he could. And that’s what matters.


Follow me on Twitter: @aravosis | @americablog | @americabloggay | Facebook | Google+. John Aravosis is the editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown (1989); and worked in the US Senate, World Bank, Children's Defense Fund, and as a stringer for the Economist. Frequent TV pundit: O'Reilly Factor, Hardball, World News Tonight, Nightline & Reliable Sources. Bio, .

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