Speaking of “shocking examples”, have you seen this one which I just discovered in today’s Barrons. Apparently AIG’s former head, Maurice Greenberg, in charge from 1968 to 2005, for some reason wants AIG to help sue the government that bailed out AIG. He wanted AIG to join the suit for including unfair stipulations in the bailout loan agreement. I guess he is mad that we the long-suffering taxpayers actually ended up with a $22 billion profit on the deal. Wisely AIG refused to join the class action suit. One good result out of TARP.
Yeah-—that was allover Fox News.
Greenburg’s got a lotta gall showing his filthy head-—there was a lotta hanky-panky there, when he headed AIG-—that’s why he’s out.
Hasta be the reason they backed down on the lawsuit, as well.
The doctrine of “clean hands” prevails in court-—a litigant must come to court sparklingy clean-—w/out any criminal dirt on his hands.