AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms
American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms...
View ArticleGeithner Expected to Testify on AIG Bailout Rate
Federal regulators cut a “loan sharky” interest rate on an $85 billion bailout loan to American International Group Inc. because it contributed to a debt service problem that threatened the insurer’s...
View ArticleWas AIG’s High Bailout Loan Rate Forced by Regulators?
A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on the Federal Reserve Bank of New York by other regulators, according to...
View ArticleUnfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner
American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the...
View ArticleBernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’
Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared with how investment banks were handled, saying the rescue...
View ArticleBernanke Denies Bailout Terms Were Meant to Punish AIG
Former Federal Reserve Chairman Ben Bernanke said he wasn’t looking to punish American International Group Inc. for mismanagement when the board of governors authorized an emergency loan to the...
View ArticleAIG Bailout Trial Shifts to Former AIG Executives, Other Regulators
The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing...
View ArticleAIG Ex-CEO Liddy Testifies on Role in Bailout
Former American International Group Inc. Chief Executive Officer Edward Liddy testified he chose not to buck government overseers who selected him to run the bailed- out insurer. Developing trust with...
View ArticleAIG Ex-CEO Liddy Defends Closeness with Government During Bailout
Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win...
View ArticleGovernment Prepares Defense in AIG Bailout Trial
David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least...
View ArticleGreenberg Upset Win in AIG $25 Billion Bailout Trial Possible
Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month...
View ArticleJudge to Hear Closing Arguments in Greenberg’s Case Against AIG Bailout
Closing arguments are scheduled for Wednesday in the U.S Court of Federal Claims in Washington, D.C. in a lawsuit challenging the 2008 government bailout of American International Group (AIG). The suit...
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