AIG won it's case yesterday against the Federal Government for guess what, bailing them out. Their claim is that the Feds had no right to seize the company as part of their bailout plan. This despite the fact AIG was saved, the stockholders (and the government) have made money post bailout. The judge did not rule in favor of the $38 Billion that AIG demanded in compensation.
Another case against bailouts. Best policy is to allow companies to perish and not prop them up for their mismanagement and then get insulted. I was never a fan of bailouts, in the long run it is never a good idea and is preferential treatment.
Court tells government it was wrong to seize AIG, but awards no money to billionaire ex-CEO
http://www.washingtonpost.com/blogs/...x-ceo/?hpid=z4