Elizabeth Warren is slamming AIG for considering a lawsuit against the U.S. government that gave it a $182 billion taxpayer bailout back.
“AIG should thank American taxpayers for their help, not bite the hand that fed them,” the Massachusetts senator-elect and banking bete noir said in a statement.
The New York Times reports that the insurance giant’s board will meet Wednesday to consider joining a $25 billion shareholder lawsuit against the federal government. The suit was originally filed in 2011 by Hank Greenberg, 87, the firm’s former longtime CEO, who remains a major investor and is urging AIG to join the case.
”-
Elizabeth Warren slams AIG for mulling bailout suit against government
It’s important to note that Hank Greenberg was the one who ran AIG into the ground in the first place and had to resign as CEO in disgrace.
(via smdxn)
