Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
We Bailed Out AIG, Now They're Suing Us?!
Posted
January 9, 2013
Views
46,510
Likes
1,581
Comments
471
Engagement
4.41%
January 9, 2013
46,510
1,581
471
4.41%
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4:07Now Playing"Fresh from launching a branding campaign to try to rechristen itself as a paragon of patriotism, the giant insurer American International Group is reportedly weighing a step that would remind America just why everyone got so darn mad in the first place.
The board of AIG, according to the New York Times, is weighing whether to join a $25 billion lawsuit against the U.S. government for forcing unacceptably high losses on shareholders in its bailout. The argument is that this violated the Fifth Amendment's prohibition on the government seizing private property without just compensation."*
American taxpayers rescued AIG from financial turmoil when no one else would. Now...they're suing the government for millions over the terms? Cenk Uygur breaks it down.
*Read more from Neil Irwin/ Washington Post:
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