American International Group
Richard Holbrooke: The Man Who Knew How to End a War
Richard Holbrooke, President Obama’s special representative to Afghanistan and Pakistan and famed diplomat, died of heart failure yesterday. He was 69. Holbrooke was the man that many presidents had turned to when they wanted to find a way to end a war. In the mid-1990s, Holbrooke helped broker the peace accords that ended the war […]
A.I.G. Considers Bailout Lawsuit
Not long ago, American taxpayers bought out the insurance giant A.I.G. They’ve recently launched an ad campaign thanking you, the taxpayer, for the help. Saying thank you, many parents would argue, is an American value. But you might also be interested to know that A.I.G. is also considering suing you, the American taxpayer (by way of […]
AIG Plans Suit Against Hedge Funds Over Mortgage Securities
In 2008, the government offered an $85 billion bailout to American International Group Inc., one of the world’s largest insurance companies, in order to prevent its collapse. When AIG accepted the bailout, it waived its right to sue banks over most of the mortgage securities that it had acquired. But, it did not give up its right […]