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.