Also in this playlist...
This transcript is automatically generated
-- all malls almost made Al Gore president now he's making big problems -- the US government uber lawyer David Boies are represented Al Gore of course in the 2000 Florida recap.
And he barely lost that one but just -- big ruling allowing -- 55 billion dollar class action lawsuit against the government.
-- is suit claims part of the AIG bailout was unconstitutional.
He's representing a chemical star international's former AIG had Hank Greenberg's.
Company David -- sky -- on the golf.
Here and only here now.
On by the way before -- -- that I did want to avoid this out the Treasury Department gave us this statement that some months ago they had -- board of directors carefully reviewed.
Starr's allegations against -- the company we're talking about and decided that they were not worth pursuing we continue to believe.
That the claims have no merit whatsoever and we will continue to defend the case.
What do you make it does that.
Well we you're expected to say that they almost got -- -- about it and I can -- -- it was big risk you know can't reverse itself ourselves right but I think the key thing.
Is that that statement ignores what the judges already held for being made a motion to dismiss the was denied.
And second it ignores the admissions.
That they've made in this lawsuit they've admitted.
That they did not have the authority to take on.
The equity they did not have the authority to comment on whether that AIG.
Didn't have there -- those shareholders interests -- -- exactly exactly and when you have the kind of missions that we half.
In terms -- they knew that had a fully secured -- they knew they were not at risk.
That's not what they're saying now that they're internal documents say that -- admitted that in depositions.
They admitted that they took fourteen half percent interest with his war.
And they charged anybody else loan shark rates which -- -- and involved.
When they when they were giving Citibank one and a half percent interest and that was part of the argument to write the debt the money that was used to but supposedly rescuing energy.
Journal was a back.
-- -- to to rescue a host of other exactly they took those problems are -- they took AIG's assets and about telling congress about telling anybody.
They use those assets to bail out other companies that maybe they had a good reason to do that.
But it wasn't right wasn't fair it wasn't constitutional to take AIG's shareholders money to do.
David you -- of the top lawyers in the world but this is more and.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And the treasury take the loses and they do it certainly AIG today not joining in this.
We were rescued by the government to there are then all they believe blazer apart and I exactly so no.
Filter by section