Topic: Maurice R. Greenberg
Not long ago New York Democrats Eliot Spitzer and Anthony Weiner seemed to have killed their political careers with sex scandals. Now, each is attempting a comeback, but will New Yorkers forgive and forget?
AIG, which said it had been legally bound to consider the interests of shareholders, appears to have concluded that damage to its public image would outweigh any benefits of joining the suit.
AIG may join a lawsuit alleging that the terms of the US government bailout were unfair to investors, but such a move risks infuriating the taxpayers whose money saved it from ruin.