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Old 06-16-2015, 08:31 AM
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Rajoo Rajoo is offline
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AIG greed

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
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Old 06-16-2015, 08:40 AM
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The dangerous precedent is shut down, at least. These guys hate the government seizing their companies, even if the companies are otherwise worthless....
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Old 06-16-2015, 08:41 AM
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Old 06-16-2015, 09:08 AM
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Ever wonder how much money (including the government's) they are going to spend taking this case all the way to the Supreme Court? And for what you may wonder? Taxpayers Billion$ of course for being incompetent to begin with. It's an addiction when you get to make billions by taking the people for a ride.

No more bailouts, ever and this should include cities and municipalities.
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Old 06-16-2015, 10:41 AM
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Quote:
Originally Posted by BeamOn View Post
Ever wonder how much money (including the government's) they are going to spend taking this case all the way to the Supreme Court? And for what you may wonder? Taxpayers Billion$ of course for being incompetent to begin with. It's an addiction when you get to make billions by taking the people for a ride.

No more bailouts, ever and this should include cities and municipalities.
These morally bankrupt corporate welfare receiving ingrates can never have enough and SCOTUS has been real good about changing the intent of our founders to enable these welfare queens.

Yep, all that and then our bought and paid for SCOTUS could give him the 38 billion too.


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