15 June, 2015

In A.I.G. Case, Surprise Ruling That Could End All Bailouts - The New York Times

In A.I.G. Case, Surprise Ruling That Could End All Bailouts - The New York Times: "“The court bizarrely expressed repeated sympathy for A.I.G. while failing to properly weigh the economic wreckage suffered by the American people,” Mr. Kelleher said in an email. “It’s the U.S. taxpayers that have been victimized here by A.I.G. when it acted recklessly, precipitated the crash of the financial system, took a $185 billion bailout, and then gave bonuses to some of the very same people who irresponsibly sold the derivatives that blew up the company.”

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