Geithner defends terms of AIG bailout
Former top regulator Timothy Geithner defended terms of the U.S. government’s bailout of American International Group Inc., saying Wednesday that the insurance giant’s exceptionally risky behavior had caused losses that called for strict treatment.
Facing backlash, AIG won’t join lawsuit against US
Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse.
AIG board weighs suing US over bailout
AIG is considering Wednesday whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse.