Showing posts with label Fifth Amendment. Show all posts
Showing posts with label Fifth Amendment. Show all posts

Wednesday, November 23, 2011

Bailout Unconstitutional

Ex-AIG CEO Maurice "Hank" Greenberg has sued the U.S. in Court on Monday. He claims that the $182 billion bailout in 2008 of AIG was unconstitutional, violating the Fifth Amendment, because it did not justly compensate shareholders for property the government took from them. Even though this property was grossly over-valued, maybe even worthless.

http://www.huffingtonpost.com/2011/11/21/maurice-hank-greenberg-former-aig-ceo_n_1106092.html