Taxpayers Fund AIG Lawsuit Against US 784
AIG, now infamous for their executive bonuses, has decided that the $200 billion they received from the government is not nearly enough and is suing the government for the return of $306 million in tax payments. "AIG is effectively suing its majority owner, the government, which has an 80 percent stake and has poured nearly $200 billion into the insurer in a bid to avert its collapse and avoid troubling the global financial markets. The company is in effect asking for even more money, in the form of tax refunds. The suit also suggests that AIG. is spending taxpayer money to pursue its case, something it is legally entitled to do. Its initial claim was denied by the Internal Revenue Service last year."
This is Completely PROPER!! (Score:5, Funny)
What as stupid article!!
The US government, although the largest shareholder is not the ONLY shareholder. Minority shareholders have rights and a successful lawsuit benefits them too.
I wish people would give their heads a shake!
In other news... (Score:5, Funny)
Re:today's xkcd (Score:5, Funny)
How dare you consider using perspective and logic? This is about anger and screaming and smashing stuff!
Re:Is anyone surprised? (Score:5, Funny)
Seriously people, at what point do we get off the couch and take back this country? Obama can stimulate my ass.
That might make your prostate happy but what about the rest of us?
Re:Is anyone surprised? (Score:2, Funny)
Re:Is anyone surprised? (Score:3, Funny)
Re:Is anyone surprised? (Score:3, Funny)
Re:Great Article (Score:3, Funny)
From the article you linked...
"These people need their trips to Baja, their spa treatments, their hand jobs," says an official involved in the AIG bailout,...
Wait... what was that? That must be a misquote or something...
..., a serious look on his face, apparently not even half-kidding. "They don't function well without them."
I guess not.
Re:Is anyone surprised? (Score:3, Funny)
Seriously people, at what point do we get off the couch and take back this country?
Are you crazy? American Idol is on.
Re:I cannot believe the hubris... (Score:5, Funny)
Or, at the very least, a televised kick in the balls.
We could make it a game show, with a national lottery at dollar a ticket for the chance to be the one doing the kicking. Ad pricing could start at Super Bowl levels for the first episode, and double for each subsequent show. The money from the lottery and ad buys could be used to buy up the toxic assets, or buy out the predatory mortgages and relocate the victims into something actually affordable (in Florida).
It'd be a multi-win scenario. The public would get to vent its anger, the CEO's would learn a sharp, public and valuable lesson, and the corporate glass ceiling would be shattered as a host of women get sudden promotions to positions of power.
It's just like... (Score:5, Funny)
It's just like the story of the grasshopper and the octopus.
All year long, the grasshopper kept burying acorns for winter, while the octopus mooched off his girlfriend and watched TV.
But then the winter came, and the grasshopper died, and the octopus ate all his acorns. Also, he got a race car.
Is any of this getting through to you?