At the tail end of a rant on the accountability of financial institutions, the Daily Show host held up a (fake) book on ex-AIG CEO Hank Greenberg's grudge against the federal government.
Less than two days after it began to draw the ire of, well, pretty much every American taxpayer, the insurer's board met today and decided they wouldn't join a lawsuit against the U.S. government.
If you thought the country's most outspoken big-money watchdog was going to take it easy once she got back to Capitol Hill, you were wrong.
It's been almost five years since AIG's stock dropped 60 percent in a day leaving the company doomed to failure, when Uncle Sam swooped in with $182 billion to rescue it.
More than four years after rescuing the insurance giant from total collapse, the Treasury Department has finally sold off all its remaining shares in AIG—and even made a little money off the deal.
The U.S. Treasury moved to reduce its stake in AIG to below 50 percent on Sunday as it continued to keep its promise to distance itself from the controversial 2008 bailout.
Publicity-wise, Bloomberg Businessweek's Thursday report on AIG's financial ill-health and the federal maneuvering to hide it came at a bad time, following a spate of glum financial news and a Frontline documentary that picked at the scabs of 2008's financial collapse.
American International Group's former CEO, Maurice "Hank" Greenberg isn't happy with the biggest bailout in American history and government takeover of AIG--he now wants $25 billion for his troubles.
AIG and BoA were working on a settlement in January, but BoA never told anyone
AIG claims they were duped into investing in mortgage backed securities
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