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View Diary: A.I.G. May Sue U.S. Gov’t For $25 Billion As It Airs “Thank You, America!” TV Ad (205 comments)

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  •  This case hasn't even gone to court yet... (16+ / 0-)

    Then again, it may never go to court. You're mixing up your settlements. Heh. This has nothing to do with the $25 million, 50-State Attorneys General Mortgage Fraud Settlement.

    Yeah...right..."Nothing to see here...move along!"

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Mon Jan 07, 2013 at 11:30:30 PM PST

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    •  "Three...two...one..." n/t (6+ / 0-)

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Mon Jan 07, 2013 at 11:31:08 PM PST

      [ Parent ]

    •  Yeah, I didn't realize you were talking about (1+ / 0-)
      Recommended by:
      bobswern

      an earlier bank settlement. It wasn't clear from the quote.

    •  Actually, it has. Here's some facts for you: (1+ / 0-)
      Recommended by:
      NYFM

      Much of the suit has already been dismissed.  The rest is pending in the Court of Claims.

      Engelmayer ruled that Starr's arguments failed because Starr had not shown that the Federal Reserve actually controlled AIG. He said the suit described not a takeover but "a moment of corporate desperation, in which AIG's Board grabbed the sole lifeline extended to the company."

      He added, "By Starr's logic, a loan shark whose usurious interest rate is agreed to by a small business so that it may stay afloat could equally be said to have had actual control over that business so as to compel its agreement to a loan."

      http://www.newyorklawjournal.com/...

      It's one of those little facts that you don't get reading Naked Capitalism or news aggregators.  

      I'd discuss it, but I'd have to get into legal issues like shareholder derivative suits and the jurisdiction of the federal court of claims.  And it's not worth it,not in this diary, for the mere possibility that the board of directors will accept the suit.  We might as well wait for the news, when I can explain what happened.

      One piece of free advice to the GOP: Drop the culture wars, explicitly.

      by Inland on Tue Jan 08, 2013 at 07:59:23 AM PST

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      •  No, you're wrong...but, this post, like... (7+ / 0-)

        ...many of my posts over the past few weeks...is polarizing. And, you (among a handful of others in this community) have a many-year's-long-record of doing this (disrupting my post's comment threads). Scores upon scores (if not hundreds) of instances, over many years, too.

        Again, you're wrong.

        The quote you're using (is from mid-November) relates to the New York case, which was dismissed. This is all about the Washington, D.C. case.

        It would help if you at least read my damn diaries before disrupting the threads!

        Is that really too much to ask? (This requests proves that even I can lower the bar!)

        "Three...two...one..."

        "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

        by bobswern on Tue Jan 08, 2013 at 08:11:27 AM PST

        [ Parent ]

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