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AIG sues USA: Man bites dog

March 3, 2009

aigWhere’s John Kerry?” That was Rocky’s reaction upon learning that AIG sued the US Government over a disputed $306 million in taxes, interest and penalties. AIG sued while simultaneously negotiating an additional $30 Billion in US Government bailout funds. Click here for the full article from the Wall Street Journal.

AIG defended the suit to the WSJ: “AIG is taking this action to ensure that it is not required to pay more than its fair share of taxes,” said a company spokeswoman.

The irony is beyond words.

Too bad that Rocky cannot buy stock in American Law Firms. They are the only winners.

  1. allocator
    March 3, 2009 at 11:13 pm

    They’re suing for $306 million?

    I’d say $80 billion the first time around and this $30 billion is a heck of a tax refund already. I’d file early too for one like that. But then we wouldn’t want to miss any drops.

    Rocky, do you think if we wrote to our respective governments and told them we had lost $100 billion (each) making dumb bond bets, we could get a bail-out? I’ll even promise to take a $500,000 salary just this once.


  2. March 4, 2009 at 8:01 am

    Rocky thinks not. However, he notes that Treasury quietly removed the $500k cap for issuers in the new TALF program.

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