Everyday Pensacola
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Everyday Pensacola

A place to discuss Pensacola, Florida area topics as well as the rest of the nation/world. To write a post, you must register and log in.
 
HomeHome  Latest imagesLatest images  RegisterRegister  Log in  

 

 Hubris: Rich people sue the government FOR bailing them out.......

Go down 
AuthorMessage
TEOTWAWKI

TEOTWAWKI


Posts : 2169
Join date : 2012-07-30
Location : FEMA Region 4

Hubris: Rich people sue the government FOR bailing them out....... Empty
PostSubject: Hubris: Rich people sue the government FOR bailing them out.......   Hubris: Rich people sue the government FOR bailing them out....... EmptySun Jun 14, 2015 11:26 pm

http://www.alternet.org/most-obnoxious-things-rich-people-have-done-recently

Washington Post reported this week, both former AIG CEO Hank Greenberg and the shareholders of Fannie Mae and Freddie Mac have seen suits once considered shots in the dark suddenly snag the eye of sympathetic judges, setting them up for an unexpected payday from the same entity that kept them from collapsing.

Greenberg oversaw AIG for decades as its chair and initiated many of the practices that left it dangling over its 2008 precipice, the same week Lehman Brothers collapsed. The government pumped an astonishing $85 billion into the bank—in exchange for 80% ownership.

It’s that last part Greenberg objects to, arguing the government “diluted” shares of the stock before seizing it in what amounted to a punishment of shareholders, a penalty not imposed on other bailout recipients. Greenberg considers that stock his property, and he wants $23 billion worth of it back.
Back to top Go down
 
Hubris: Rich people sue the government FOR bailing them out.......
Back to top 
Page 1 of 1
 Similar topics
-
» Ben Carson Thinks Poor People Should Pay Higher Rent If They Want Government Help
» I helped kill millions of helpless people because of government lies...
» Farm Rich Food Recall
» American police killed more people in March than all the people police killed in the UK in 115 years.
» progressivism..... replacing god with government....

Permissions in this forum:You cannot reply to topics in this forum
Everyday Pensacola :: General-
Jump to: