24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

AIG Decides Not to Join Lawsuit Against Government

Common sense 1, jaw-dropping chutzpah, 0.

The AIG board met Wednesday to hear arguments over whether the giant insurer shouldjoin a controversial lawsuit against the government alleging that its 2008 bailout of the firm unfairly punished shareholders. Surely fearing a public relations blowback, it has elected not to join an effort launched by Maurice “Hank” Greenberg, a former chief executive of the company and major shareholder.

Source: Washington Post. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.