Oh, puhleeze! According to the NY Post insurance titan Hank Greenberg fired both barrels at Uncle Sam yesterday to recover $25 billion he claims was unlawfully seized from him and other AIG shareholders to finance a bloated bailout of foreign banks and other AIG trading partners during the 2008 credit crisis.
Filing two lawsuits — one in Manhattan federal court and a harsher one in Washington’s Court of Claims — Greenberg and his holding company Starr International detailed a step-by-step “coercion scheme” that the Federal Reserve Bank of New York used to subdue the once-rich AIG and turn it into a secret piggy bank for bailouts of the world’s banks.
Greenberg accused the New York Fed, led at the time by current Treasury Secretary Timothy Geithner, and the Treasury of the “taking of property and property rights without due process or just compensation” in numerous violations of the Constitution and other laws….”
Read more: http://www.nypost.com/p/news/business/greenberg_slaps_us_with_suit_Hiyzer8caX0eNYSeIjlwSN
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