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Taxpayers Fund AIG Lawsuit Against US

AIG, now infamous for their executive bonuses, has decided that the $200 billion they received from the government is not nearly enough and is suing the government for the return of $306 million in tax payments. "AIG is effectively suing its majority owner, the government, which has an 80 percent stake and has poured nearly $200 billion into the insurer in a bid to avert its collapse and avoid troubling the global financial markets. The company is in effect asking for even more money, in the form of tax refunds. The suit also suggests that AIG. is spending taxpayer money to pursue its case, something it is legally entitled to do. Its initial claim was denied by the Internal Revenue Service last year."

3 of 784 comments (clear)

  1. In other news... by nonregistered · · Score: 5, Funny

    Tru-Value states there has been a run on pitchforks.

  2. Re:today's xkcd by Reality+Master+201 · · Score: 5, Funny

    How dare you consider using perspective and logic? This is about anger and screaming and smashing stuff!

  3. It's just like... by Anonymous Coward · · Score: 5, Funny

    It's just like the story of the grasshopper and the octopus.

    All year long, the grasshopper kept burying acorns for winter, while the octopus mooched off his girlfriend and watched TV.

    But then the winter came, and the grasshopper died, and the octopus ate all his acorns. Also, he got a race car.

    Is any of this getting through to you?