Category: Wall Street

The ‘most, intensive coordinated lobbying effort that Capitol Hill has ever seen’ is going on right now

The ‘most, intensive coordinated lobbying effort that Capitol Hill has ever seen’ is going on right now

Elections Matter: The Fiduciary Standard Edition You’ve probably haven’t heard anything about it but the “most, intensive coordinated lobbying effort that Capitol Hill has ever seen is going on right now,” according to lawyer, financial planner and academic Ron Rhoades. You should listen Bloomberg’s Barry Ritholtz interview Rhoades about this now. Billions of dollars of inflated fees are at stake, […]

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AIG spits in America’s face while saying “thank you” – may sue US govt because we bailed them out

AIG spits in America’s face while saying “thank you” – may sue US govt because we bailed them out

Legendary chutzpah, monolithic greed

One of the top shareholders in AIG, the insurance giant bailed out by the American taxpayers during the Wall Street meltdown, is Maurice Greenberg who once ran the company. He is suing the United States government because he says that, in the process of bailing out the company that feathers his nest so softly, they lost him money. However, that level of greed was not enough for Greenberg and he is trying to get AIG itself to join him in his lawsuit. This comes the same week AIG released a video thanking American taxpayers for saving their ass and talking about how proud they are that they paid back their debt and gave the taxpayers a tidy profit in the process.

Video and more after the jump.

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