It’s been almost five years since AIG‘s stock dropped 60 percent in a day leaving the company doomed to failure, when Uncle Samswooped in with $182 billion to rescue it. But AIG must have a short memory, because on Monday…
on one hand, AIG would not be around today to level a lawsuit against the government had it not been for the loan. but, if their interpretation of the law is correct, the government could have pursued a different philosophy through the loan. they had the option not to gouge AIG, right? today, AIG is simply taking a step to look-out for it’s shareholders, which is appropriate.
AIG shareholders are Citizens too. but, I wonder if AIG failed to make a contribution to the correct political campaign?
peace be to my Brothers and Sisters.
brian patrick cork