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View Diary: A.I.G. May Sue U.S. Gov’t For $25 Billion As It Airs “Thank You, America!” TV Ad (205 comments)

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  •  The government didn't "take" their property. (12+ / 0-)

    The government was shoveling taxpayer money in the front door, and paying AIG's default swap contracts with taxpayer money out the back door.  In other words, it was paying off AIG's own legal contracts with taxpayer money.  AIG's beef is that they should have got a cut of the taxpayer money flowing through AIG?  And that because they didn't get a cut, the government was "taking" from AIG via eminent domain??  Want to bet some idiot judge will agree with AIG?

    •  I sure don't (3+ / 0-)
      Recommended by:
      ColoTim, Egalitare, SilentBrook

      Most takings claims are filed by rich angry people with money to burn on lawyers.  I doubt this one goes anywhere at all.  It'd make shocking new law if it did.

      You are right, there's no taking here. (Note, the NY court threw them out straight off.  That's not typically a good sign of the merits, depending on the reason for being tossed)

      Hay hombres que luchan un dia, y son buenos Hay otros que luchan un año, y son mejores Hay quienes luchan muchos años, y son muy buenos. Pero hay los que luchan toda la vida. Esos son los imprescendibles.

      by Mindful Nature on Tue Jan 08, 2013 at 10:22:35 AM PST

      [ Parent ]

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