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Thune Talks About Former AIG CEO Suing Govt.

January 9, 2013, 6:24 PM

Thune Talks About Former AIG CEO Suing Govt.
Sen. John Thune

MADISON, SD -

Bailed out insurance giant AIG will not join a lawsuit against the government.  Current management felt it would be bad for business.

Its former CEO is suing, claiming terms of the company's $182 billion bailout in 2008 were unfair to shareholders.

The lawsuit isn't sitting well with members of Congress, including Senator John Thune.

"It's really ironic given the fact that that company was teetering and was supported by the American taxpayer, the American government and now they decide they want to sue them. I'm at a loss to explain what the rational is for that," Thune said.

AIG is running a campaign themed "Thank You America," claiming it's paid back all of the bailout money.

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