Topics

American International Group
AIG billionaire sues for his fair share of taxpayer money
AIG billionaire sues for his fair share of taxpayer money

To the editor: The lawsuit by former American International Group Inc. chief Maurice R. Greenberg claiming punitive treatment by the government toward AIG in the $182-billion emergency bailout during the financial meltdown of 2008 is an object lesson in the dangers of engaging in capitalism without tears. ("Maurice Greenberg puts U.S. handling of AIG bailout on trial," Nov. 9) In a true capitalist system, AIG would have been left to sink or swim. There is no such thing as too big to fail — or, more accurately, there shouldn't be. The government intervened to avert a bigger collapse, and this is the thanks the taxpayers that picked up the bill get. Meanwhile, the...

Loading