Tuesday, January 8, 2013

A.I.G. Tells America, "Thanks, and Screw You!"

Remember when A.I.G. -- the gigantic insurance company -- was given $182 Billion by you and I, America, to keep the company from completely collapsing in the midst of the sub-prime mortgage crisis? Well, A.I.G. is running commercials claiming they've paid us back, and saying "Thank you." Meanwhile, the company's directors are considering joining a 25$ Billion shareholder lawsuit against the USA.

Apparently, in insurance speak, "thank you" is a lot like "screw you."

economy, bailout, financial crisis, AIG

Read more on the NY Times DealBook Blog: http://dealbook.nytimes.com/2013/01/07/rescued-by-a-bailout-a-i-g-may-sue-its-savior/

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