Thursday, January 10, 2013

AIG may join bailout lawsuit against U.S. government

American International Group Inc, the insurer rescued by the U.S. government in 2008, drew angry condemnation from lawmakers on Tuesday after saying it may join a lawsuit that alleges the bailout terms were unfair.A leading congressional Democrat called criticism of the deal's terms "utterly ridiculous," and former New York Attorney General Eliot Spitzer - who probed AIG when he was in office - called the prospect of a suit "insulting to the public.

Source: http://ml-implode.com/staticnews/2013-01-09_AIGmayjoinbailoutlawsuitagainstUSgovernment.html

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