WASHINGTON POST: Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse…
The timing could hardly have been worse for AIG. The company is in the midst of a “Thank You, America” ad campaign to show its gratitude for being rescued from the brink of collapse…
AIG, which was legally obligated to consider joining the lawsuit, demurred. The company said it would not join Greenberg’s lawsuit and wouldn’t permit Greenberg to pursue his claims in AIG’s name… (more)
