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AIG Board to Meet Tomorrow Over Government Lawsuit

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  • Description

    FBN's Liz MacDonald on AIG suing the government.

  • Duration 2:23
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And it sounds like the ultimate case having gratitude AIG's board will now meet tomorrow to consider joining a big lawsuit against the US government which says.

That AIG's controversial 182 billion dollar bailout cheated AIG investors of course there is a lot more to the story.

And here's Liz MacDonald with the Mac's bottom Indiana's news on this right now at this very hour Reuters is reporting that now the White House is out defending the bail out of BIG what's happening is AIG is -- to Fox Business that.

The board will meet tomorrow to decide whether or not to join Hank Greenberg he's a former chief of BIG.

Whether to join Hank reimbursed 25 billion dollar lawsuit against the New York Federal Reserve.

Base which basically says that AIG.

Is the victim of the government -- clout and whether he'd been able also this is contending is that.

In the process AIG sold off 66 billion dollars in assets.

That basically AIG was ruined -- destroyed by government overseers run -- mock.

That AIG was overcharged punitive interest -- -- -- 85 billion dollar line of credit.

And now we have representative Elijah Cummings more breaking news he's a Democrat ranking member of the house government oversight or for a -- saying.

We'll just print it -- get -- to be considering -- and Hank Greenberg to be doing this it's sort of like suing the paramedic who gave you CPR because he did not give you a pillow.

But here's Hank Greenberg saying wait a second there's more to this story Hank Greenberg is telling -- Neil Cavuto last year that.

Look at this turn into a back -- bailout for Wall Street take a listen to what Hank Greenberg told Neil Cavuto.

That as far as I'm concerned that bailout never should have taken place -- and the way it did take place.

Was wrong AIG would use that as a bailout and as a back door bailout.

For many other.

What he said referring to there is Goldman Sachs door to bank and Societe Generale.

And so Beijing's port essentially and AIG telling fox this is it is the board's fiduciary duty to consider Hank Greenberg half lawsuit they have to consider it it doesn't mean they're gonna join in and this is Hank Greenberg who has been disgruntled for a long time.

Was bringing this lawsuit so it is important to separate -- did they got Paramount because it it disposed toward two more shareholder lawsuits a New York fed is very telling Fox Business there's no merit.

To the allegations in the lawsuit that AIG had an alternative bankruptcy.

Interest -- RA GMAC taking silver for that report and it is courted to.

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