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Court faults US govt's AIG bailout but awards no damages

Wednesday, June 17, 2015 - 05:50
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Mr Greenberg claims the Fed was wrong to insist on 80% AIG stock. The judge agrees but says that without the bailout investors would have lost all.

New York

HANK GREENBERG won his fight to hold the US responsible for the bitter pill it forced down the throat of American International Group Inc. But that's about it.

The judge who called illegally onerous the terms of AIG's US$85 billion bailout - hatched during the depths of