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In Dramatic Decision Judge Finds Fed Bailout Of AIG Was "Illegal", Government "Violated Federal
Zero Hedge ^
| 6/15/15
| Tyler Durden
Posted on 06/15/2015 5:16:28 PM PDT by Nachum
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In Dramatic Decision Judge Finds Fed Bailout Of AIG Was "Illegal", Government "Violated Federal Reserve Act"
1
posted on
06/15/2015 5:16:28 PM PDT
by
Nachum
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
2
posted on
06/15/2015 5:16:52 PM PDT
by
Nachum
(Obamacare: It's. The. Flaw.)
To: All
3
posted on
06/15/2015 5:17:46 PM PDT
by
Nachum
(Obamacare: It's. The. Flaw.)
To: Nachum
So!!!! WTF is going to happen? NOT A DAMN THING.
To: Nachum
The horse done already left the barn.
5
posted on
06/15/2015 5:21:29 PM PDT
by
dfwgator
To: Nachum
Shades of Marbury v. Madison. The Court finds the government did something manifestly unconstitutional or illegal. Pages of that. Then says, “but you still lose.”
6
posted on
06/15/2015 5:24:17 PM PDT
by
Cboldt
To: Cboldt
7
posted on
06/15/2015 5:26:20 PM PDT
by
BenLurkin
(The above is not a statement of fact. It is either satire or opinion. Or both.s)
To: Nachum
But there were no consequences to the government for the violation. “What difference does it make!?”
8
posted on
06/15/2015 5:26:59 PM PDT
by
FreedomPoster
(Islam delenda est)
To: Nachum
Do you have any idea who owned AIG? He is from Omaha.
9
posted on
06/15/2015 5:33:59 PM PDT
by
Lumper20
( clown in Chief has own Gov employees Gestapo)
To: Nachum
Can anyone name a top official at any of the financial institutions that lost their PERSONAL fortune? I’m talking broke, no home, etc...
10
posted on
06/15/2015 5:41:33 PM PDT
by
Bryan24
(When in doubt, move to the right..........)
To: Nachum
“claiming the government overstepped its legal boundaries”
This is a joke, right? Overstepping is standard operating procedure.
To: Lumper20
No, AIG was and is publicly held. Hank Greenberg was probably the largest shareholder at the time, but no individual owned more than 5%. The overwhelming majority of shares are held by mutual funds.
To: Bryan24
Several guys lost more than 90% of their money. However, they had billions or hundreds of millions.
To: Nachum
AIG should have been put down. Derivatives can be extremely toxic. Something that the EPA should be working on instead of CO2.
14
posted on
06/15/2015 5:48:08 PM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: Paladin2
Then what would have happened to the tens of millions of people who had life insurance policies with them? It would have been a giant mess.
To: proxy_user
someone should have been selling life-insurance policy insurance.
16
posted on
06/15/2015 6:04:16 PM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: Nachum
So in the end, all they will get is BUPKIS!
Just like the American taxpayer.
17
posted on
06/15/2015 6:06:16 PM PDT
by
CapnJack
To: Nachum
On a long enough timeline the survival rate for everything drops to zero.
18
posted on
06/15/2015 6:12:38 PM PDT
by
Zeneta
(Thoughts in time and out of season.)
To: Nachum
To: Nachum
okay. so how does that work?
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