LOL, where will the Wall street welfare end, Aig filed sue for millions in taxes it claimed it over paid. Over paid with tax payers money. Damn the balls of the tin cup shakers and their supporters.
This is not the same as AIG.
the head of the fdic said herself the tranaction cost the tax payer nothing, No way it could have because they sold it for a song.
Unless JPM / Chase steps up and offers a fare amount to take the holding company (wamuq),the taxpayer will pay for the errors the fdic commited durring the Fire sale of all assets it brokered for JPM.
Congress needs to investigate the fdic and ots and explain to taxpayers how a $300 Billion thrift with 2300 branches and two Credit card companies ($5 Billion for Providia alone) is only worth $1.9 Billion and could be sold to JP Morgan/Chase without any regard for the shareholders at all.