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AIG´s board is considering demanding $25Bn for the ´dilution
inflicted on shareholders when the Federal Reserve Bank of New York took
a 79.9% stake in return for $182Bn in loans and guarantees´.
Four years ago, AIG was given the largest bailout to keep itself
afloat. Per a spokesman at the New York Fed, "There is no merit to
these alligactions. AIG´s board.. had an alternative choice to borrowing
from the Fed.. that choice was bankruptcy."
Democratic Senator Elizabeth Warran said, "Taxpayers across this
country saved AIG from ruin, and it would be outrageous for this
company to turn around and sue the federal governmant because they think
the deal wasn´t generous enough."
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WIB
