AIG Attitude Makes Sense

[marmar]

from the Working Life blog:



AIG Attitude Makes Sense
Posted on 08 January 2013.


My first reaction to AIG’s consideration of a suit against the government was like many people: what the fuck? You guys should all be in jail, not swimming along thanks to $182 billion in taxpayer bailout money. But, then, in retrospect, it makes sense.

Of course, this is accurate:

“AIG should thank American taxpayers for their help, not bite the hand that fed them for helping them out in a crisis,” Sen. Elizabeth Warren (D-Mass.) said in a statement. “Taxpayers across this country saved AIG from ruin, and it would be outrageous for this company to turn around and sue the federal government because they think the deal wasn’t generous enough. Even today, the government provides an ongoing, stealth bailout, propping up AIG with special tax breaks — tax breaks that Congress should stop.”

.....(snip).....

We don’t have political leaders that have the guts to handcuff these guys and lead them off to prison.

So, it makes perfect sense that in that environment and culture the AIG executives, who are morally bankrupt pigs, would think that somehow they were wronged, that they have cause to sue the very people who kept them from going under. ..................(more)

The complete piece is at: http://www.workinglife.org/2013/01/08/aig-attitude-makes-sense/

[sinkingfeeling]

1. The suit was filed by the ex-CEO and he's asking the corporation to join them.

http://www.reuters.com/article/2013/01/09/us-aig-lawsuit-government-idUSBRE9070GR20130109

"In a statement late Tuesday, AIG said it had no choice but to consider the demand from its former chief executive, Hank Greenberg, and his holding company Starr International that AIG join his lawsuit. Greenberg has sued for damages over the bailout and wants AIG to join him in challenging the "exorbitant" terms of the government rescue."

[AndyA]

2. Perhaps if AIG does become part of the law suit, it will motivate the Justice Department to

prosecute those involved in the 2008 crash. All of them! When you fail to hold people accountable for their actions, you only reinforce that they did nothing wrong, you reward bad behavior.

[robinlynne]

4. would that include goldman sachs people? in our govt?

[Octafish]

3. Hank Greenberg, BFEE

Bailout of AIG, the CIA, and Covert Operations

[Towlie]

5. Abandoning Integrity Gleefully