Hot Air » AIG

Great news: Bailout recipient will continue to not sue US

Ed Morrissey — Thu, 10 Jan 2013 13:01:54 +0000

Thanks, America!

Alternate subheadline: Comedians, bloggers hardest hit. Come on, you know this would have been a cynic’s goldmine, right? Alas, AIG has come to its senses: The board of AIG decided Wednesday not to join a shareholder lawsuit against taxpayers which challenges the terms of the bailout that saved the insurer from bankruptcy in 2008. The [...]

Read this post »

Thank you, America: AIG mulls suing for insufficient bailout

Mary Katharine Ham — Wed, 09 Jan 2013 01:51:09 +0000

Thanks but no thanks.

Here’s AIG’s entry into the series of suck-up commercials bailed-out entities have had to run in the wake of the 2008 financial crisis. On one hand, I appreciate the gesture. On the other, the thank-yous ring a bit hollow, the sorrys are non-existent, and they’re always a little heavy on the triumphant return theme. Somehow [...]

Read this post »

Treasury sells off remaining AIG shares — for profit of $22.7 billion on bailout

Ed Morrissey — Tue, 11 Dec 2012 17:01:52 +0000

Government in the black?

How often do we see a government operation end up with a profit? Ironies abound in this denouement of the Troubled Asset Relief Program (TARP), bitterly opposed by people across the political spectrum but proposed, passed, and extended in bipartisan votes in the dark hours of the financial collapse of 2008. The insurance conglomerate AIG [...]

Read this post »