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View Diary: A business woman's question for AIG. Are you freaking out of your minds? (44 comments)

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  •  Stella - it was originated by shareholders (6+ / 0-)

    The former CEO was a very large shareholder.

    I personally think the US did the right thing in taking a more than 90% equity stake in AIG. They should have done the same thing at GM and Chrysler. Both the Bush administration and the Obama administration negotiated terrible deals for the taxpayers in the auto bailout.

    "let's talk about that"

    by VClib on Wed Jan 09, 2013 at 07:10:18 PM PST

    [ Parent ]

    •  Thanks for this feed back, VClib. (4+ / 0-)
      Recommended by:
      VClib, SuetheRedWA, hnichols, slowbutsure

      But I think to say that this law suit was originated by shareholders is just too broad of a statement.  Yes, their former CEO was and is a large shareholder.

      But if this lawsuit was originated by "shareholders" then it doesn't make sense that it was rejected by "shareholders" today, without further consideration of exactly what "shareholders" means in this case.

      Which is to say, that there's one guy here who led the band, and perhaps a rather small band, considering the bulk of shareholders voted against him today.

      But that really wasn't my point.  My point was that AIG seems about as ham handed as I've ever seen in the ability to handle what was clearly coming their way. That either their arrogance, or their lack of ability to orchestrate the many arms of their gigantic octopus company to put at LEAST a small shine on their armor, tells me that like I said, AIG is in many ways the big stupid giant I'm talking about.

      "A typical vice of American politics is the avoidance of saying anything real on real issues." Theodore Roosevelt.

      by StellaRay on Wed Jan 09, 2013 at 07:24:10 PM PST

      [ Parent ]

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