Forbes-
Somewhere in a parallel universe, there’s an American International Group (AIG) that spent September 2008 craftily negotiating with its creditors over credit default swaps, ultimately paying pennies on the dollar. That AIG did not become a financial pariah, was pushed by no disgruntled counterparty into bankruptcy nor bailed out by the US government. Its shareholders were the luckiest on Earth, making out like crazy while the rest of the financial world crumbled.
That’s the premise of the ungrateful souls suing the U.S. government over the $182 billion federal bailout widely considered to have rescued the insurance giant from the brink of extinction.
[FORBES]
image: ABC NEWS
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