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comment by user-inactivated
user-inactivated  ·  3207 days ago  ·  link  ·    ·  parent  ·  post: Bizarre ruling with far-reaching consequences in AIG government bailout case

I agree and I disagree. For instance, I do think the judge was making it fairly clear it was a "statement" ruling and not one meant to dish out actual justice -- else he would have awarded monetary damages. Nonetheless it's a bit naive. History will out, I guess.





rene  ·  3207 days ago  ·  link  ·  

the key here is that AIG has already been awarded monetary damages several years ago in the form of a bailout (although with harsher terms, hence the lawsuit). Why would you give them more? The judge is reprimanding both plaintiff and defendant in this ruling, which is appropriate given the situation

user-inactivated  ·  3207 days ago  ·  link  ·  

Indeed. And I am happy to agree with anyone who is worried about the government stepping and controlling a company. Obama famously fired the CEO of General Motors.

However, I've spent a good bit of time examining the economics of the bailout and my conclusion is: it had to happen, and while there are steps available to curtail its happening again, this ruling is not the best of them.