REUTERS/Brendan McDermid - A new sign is displayed over the entrance to the AIG headquarters offices in New York's financial district, January 9, 2013. The board of American International Group Inc decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company's bailout, following two days of fevered backlash from Congress and the public over the prospect.
Why the AIG Trial Doesn't Matter
October 13, 2014,
An extraordinary trial over AIG's bailout during the financial crisis is currently taking place in the Court of Federal Claims. Starr International v. United States has brought key figures of the financial recovery—Hank Paulson, Timothy Geithner, and Ben Bernanke—to the witness stand. In this post, Phil Wallach argues the AIG trial is less important than many might think.