Hey, Crooks Can Sue Too... AIG

I shouldn't be shocked or surprised at the sheer arrogance of the jerks on the AIG board of Directors, but occasionally even they can elicit a gasp of outrage.  They now think the bailout "injured" their stockholders and want to sue the government.  The Baltimore Sun summed up the situation very ably, as did the New Yorker.  AIG was bailed out with BILLIONS of taxpayer Dollars.  Their crash was the result of arrogance, incompetence and greed, and if anybody on this planet deserves to be in prison, it is the AIG executives from that era.

Here is a Summary from Wikipedia.
"The United States Federal Reserve Bank on September 16, 2008 created an $85 billion credit facility to enable the company to meet increased collateral obligations consequent to the credit rating downgrade, in exchange for the issuance of a stock warrant to the Federal Reserve Bank for 79.9% of the equity of AIG. The Federal Reserve Bank and the United States Treasury by May 2009 had increased the potential financial support to AIG, with the support of an investment of as much as $70 billion, a $60 billion credit line and $52.5 billion to buy mortgage-based assets owned or guaranteed by AIG, increasing the total amount available to as much as $182.5 billion"

Update Jan 9, 2012 - AIG says forget it, we ain't suing anyone.