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Greenberg's $25B AIG Bailout Claim Should Be Rejected, U.S. Says


Parsad
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On Nov. 21 Starr also sued the Federal Reserve Bank of New York, saying it breached its duty to AIG shareholders by loaning $85 billion at 14.5 percent while offering better terms to banks in a “backdoor bailout.”

 

Duty? Insane. For anyone interested in the desperate last few days of AIG must read "Fatal Risk".

 

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