Barofsky Discusses AIG Lawsuit Against U.S.
Jan. 8 (Bloomberg) — Neil Barofsky, former special inspector for the U.S. Treasury’s Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about the likelihood that American International Group Inc. will join a shareholder suit alleging its 2008 bailout was unconstitutional. AIG’s board is scheduled to meet tomorrow to review whether it should join a case brought in 2011 by former Chief Executive Officer Maurice “Hank” Greenberg. Barofsky speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
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I lost all respect for bloomberg when I read similar “journalistic” articles similar to that of Dan Fischer of forbes spouting no proof that banks committed fraud. I feel sorry for those that keep drinking the kool-aid and believing in the banks’ mouthpieces in the press. The press used to be for the purpose of factual reporting. To get the truth, you are better off reading the news through a foreign country…and that is a sad fact!