Did they run out of money again? So, a lawsuit 'is a feel good feeling' in a world unappreciative of their talents?
NEW YORK/WASHINGTON |
AIG is like the child that never leaves home.
NEW YORK/WASHINGTON |
...The move (click here) would be something of a shock, given that AIG just launched a high-profile television ad campaign called "Thank you, America," in which it offers the public its gratitude for the bailout. On Tuesday, the company promoted the ads on Twitter, even as it came under fire over the lawsuit.
Securities experts said AIG's board needs to consider the matter as part of its fiduciary duty, but also said it was unlikely they will actually join.
AIG said its board would meet Wednesday to discuss joining a lawsuit filed against the government by the insurer's former chief executive, Maurice "Hank" Greenberg.
Greenberg, whose Starr International owned 12 percent of AIG before its near-collapse, has accused the New York Fed of using the rescue to bail out Wall Street banks at the expense of shareholders, and of being a "loan shark" by charging exorbitant interest of 14.5 percent on the initial loan....
I think AIG needs a pay check loan if they think they were played for high interest rates!
Name Bush and Paulson in the lawsuit, they set the rates.
Here is some sound advice for AIG;
6. Lines of credit from finance lenders. (click here) Finance lenders such as Household offer small lines of credit to consumers with less than perfect credit histories. These credit lines range from $2,000-$5,000 with interest rates from 25-35% APR.
Everybody has to try I suppose.Name Bush and Paulson in the lawsuit, they set the rates.
Here is some sound advice for AIG;
6. Lines of credit from finance lenders. (click here) Finance lenders such as Household offer small lines of credit to consumers with less than perfect credit histories. These credit lines range from $2,000-$5,000 with interest rates from 25-35% APR.
AIG is like the child that never leaves home.