Oct 6 (Reuters) – Former Treasury Secretary Henry “Hank” Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government’s attempt to contain the contagion of the 2008 financial crisis.
The testimony from Paulson appeared to bolster some claims contained in a lawsuit brought by former AIG Chief Executive Hank Greenberg, who contends the terms of a government loan to AIG cheated its shareholders. Continue reading “Ex-Treasury Secretary Paulson says AIG bailout was punitive”