PR Fail: AIG May Sue the Government That Saved Its Ass

Today in You Have Got to Be Kidding News, insurance giant American International Group–seen by many as the most obvious bad guy in the economic collapse that nearly wrecked the world’s biggest economy in 2008–has apparently considered joining a suit against the very entity that saved its ass from oblivion: the U.S. government.

AIG has repaid the billions in federal loans that allowed it to stay afloat, but the suit (filed by the company’s former chief executive, who is still an investor) claims that the abnormally high interest rate charged by the government violates the Constitution’s Fifth Amendment, which protects “private property” against “public use, without just compensation” (of course, the company agreed to this rate when accepting the bailout).

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