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AIG considers suing government over bailout

AIG considers suing government over bailout

by Neil Irwin
The Washington Post

Published Jan 8, 2013 09:17PM MDT

Washington • The giant insurer American International Group is considering a step that would remind America why everyone got so mad at the company in the first place.
The board of AIG is weighing whether to join a $25 billion lawsuit against the U.S. government for forcing unacceptably high losses on shareholders in its bailout. The argument is that this violated the Fifth Amendment’s prohibition on the government seizing private property without just compensation. There were howls of outcry in...

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