Did the government owe AIG a bailout?

Parent Cafe
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<p>In a $25 Billion lawsuit, the government is accused of malfeasance by NOT bailing out AIG during the credit crisis. (No word yet whether Lehman Bros shareholders will join the suit.)</p>

<p>[Greenberg</a> sues feds for $25 billion for taking over AIG - Nov. 21, 2011](<a href=“http://money.cnn.com/2011/11/21/news/companies/aig_greenberg_lawsuit/index.htm]Greenberg”>Greenberg sues feds for $25 billion for taking over AIG - Nov. 21, 2011)</p>

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<p>Lehman’s should join the suit.</p>

<p>AIG was just a funnel system to get money to the counterparties.</p>

<p>It really does bring up the question of the government picking winners and losers. It’s going on with MF Global, right now. There is a class of trader and broker who is getting their money back and a class who hasn’t seen a dollar. It’s good to be king.</p>