Joi Aig News Today

Hank greenbergs lawsuit along with his company star international are saying that the government did over charge punitive interest rates of more than 14% on lines of credit. representative elijah cummings, jon, a ranking member. he said this is like suing the paramedic who gave you cpr because he did not give you a pillow. what hank greenberg is saying in his lawsuit is essentially that the bailout became a back door bailout for other wall street companies that hank greenberg did not like. here ...

The board has to take up considering whether or not to join its lawsuit. its telling fox business it will do so. it could face other share older lawsuits without even considering whether to join the suits. take a look at what the new york fed is telling fox business about the merit of this lawsuit. they are saying there is actually no merit to the allegations. aigs board had an alternative choice, bankruptcy and the federal reserves action helped restore. they will be deciding whether or not to ...

Jon: aig the big insurer rescued by you the american taxpayer in 2008 is considering suing the u.s. government. the lawsuit claims the government deprived shareholders of billions of dollars when it took a large stake in the company and attached high interest rates to the bailout. fox business networks elizabeth mcdonald is live in new york. elizabeth. >> reporter: thats right, jon. aigs board is meeting tomorrow, aig is telling fox business that the board will meet tomorrow to decide whether to...