This reads eerily like F&F could read when they have their day in court. I never knew that the government needed to be compensated. They are supposed to run the country used taxed funds. Not run it like a business and generate revenue....otherwise this country would have been out of business since 1927.
In closing arguments before Judge Thomas Wheeler in the U.S. Court of Federal Claims in Washington, David Boies said the section of the Federal Reserve Act under which AIG received the first $85 billion of what ultimately amounted to more than $180 billion in federal assistance — all of which has been repaid — never in its 75 years has required equity as compensation in return for financial guarantees, except in the case of AIG.
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