Closing Arguments Begin In AIG Bailout Case

April 22, 2015 8:27 PM

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The U.S. government's takeover of AIG during the financial crisis has been the subject of a federal trial since last fall - today, closing arguments. The questions - was that takeover illegal, and if so, are company shareholders entitled to $40 billion in compensation? NPR's John Ydstie was in the Washington D.C. courtroom and joins me now. John, first of all, this trial has been going on since last fall. Bring us up to date.

JOHN YDSTIE, BYLINE: Well, the force behind the suit is the former AIG chairman, Hank Greenberg. He was the biggest shareholder in AIG when it faced collapse in the financial crisis. You'll remember it was hemorrhaging from its involvement in mortgage-backed securities. Its management came to the U....

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