The former boss of insurance giant AIG, Hank Greenberg, is suing the federal government for at least $25 billion. The lawsuit claims AIG was underpaid and charged too high interest when Washington spent $130 billion to bail out the company in 2008. However, even three years after the bailout, AIG’s market worth is still less than the money the feds paid to save it. The government’s remaining $50 billion stock holdings are only worth about $30 billion.
Former boss of deadbeat AIG suing government for $25 billion
Advertisement
Get Digital Edition
More By Staff report
Related Articles
- Former AIG insurance boss suing the federal government
- Obama, Geithner evade Greenburg's challenging questions about AIG nationalization
- AIG, Bank of America volley accusations of reckless greed at each other
- AIG chief invokes Ayn Rand while defending his bailout
- President wants CEO of tax-dodging GE on jobs council
All comments on this page are subject to our Terms of Use.
The following are not allowed:
- ALL CAPS
- Links
- Profanity / Racism / Offensive Language
URL: http://www.sfexaminer.com/opinion/dim-bulb/2011/11/former-boss-deadbeat-aig-suing-government-25-billion?quicktabs_1=0





