Rand Paul screenshot

Rand Paul slams U.S. spy chief for lying to Congress about NSA surveillance

Professor William Ayers via Wikimedia Commons

Bill Ayers: Obama should be put on trial for war crimes

Samantha Bee on LGBT bullying of Christians

Daily Show’s Samantha Bee explores the right’s ‘giant temper tantrum’ about LGBTs

Jessica Lynn Howell charged with murder and child abuse

Police: Infant died after mother invited pedophile boyfriend to rape child

Home » Topics » american international group inc

AIG refuses to join lawsuit against U.S. government

AIG office file photo via AFP

The board of giant insurer AIG decided Wednesday not to join a private shareholder lawsuit against the US government over the $182 billion rescue of the insurer in 2008. The lawsuit filed by Starr International, which is controlled by former AIG chief executive Maurice “Hank” Greenberg, argued that the massive…

Read More

U.S. Treasury to sell $5 billion of AIG stock

A pile of U.S. currency. Photo: AFP.

The US Treasury is to sell $5 billion worth of shares in American International Group Inc. (AIG) in a stock offering, with the bailed-out insurer buying $2 billion. AIG, seen as a symbol of the excesses that epitomized the global financial meltdown in 2008, was saved from almost certain bankruptcy…

Read More

Government to bail out AIG to the tune of $85 billion

Remember this lesson folks: when average Joes and Janes lose their jobs and homes due to this economic meltdown it’s a correction; when a corporation of the size of AIG runs itself into the ground is deemed “too big to fail” and it gets to suck on the government teat.…

Read More