AIG won't sue the federal government over bailout after all
1/9/2013American International Group, known to consumers as AIG, has opted not to join a lawsuit against the U.S. government over the terms of its taxpayer-funded bailout following the financial collapse in 2008. Former AIG CEO Hank Greenberg proposed the lawsuit to AIG, claiming the federal government's rescue wasn't fair to the company's shareholders and that the interest rate of its initial loan was too high. After news the company was considering a lawsuit made its way to lawmakers, Congressman Peter Welch (D.-Va.) sent a letter to AIG's chairman Robert Miller saying, "Don't even think about it." AIG was saved from bankruptcy with a $182 billion bailout. [Source]
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