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Michael Capuano

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  1. MF Global
  2. Massachusetts Health Care
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There's More to Greenberg's AIG-Government Lawsuit

American International Group's (NYSE:AIG) board will meet today to consider a request filed on September 21, 2012 by Starr International, former AIG chief Maurice "Hank" Greenberg's company, that AIG either "take over" or let Starr pursue a lawsuit Starr filed against the government contesting the constitutionality of the U.S. rescue of AIG in September 2008, the insurer says in a statement.Starr International's suit says AIG's $182.3 billion rescue violates the Fifth Amendment, improper government use of private sector assets. The suit says the government's receipt of a 79.9% equity stake in AIG constituted a wrongful "taking" without just compensation. It also says the government charged punitive 14% interest rates on rescue loans to the company. Greenberg has also said the government rescue turned into a "backdoor bailout" of other Wall Street companies, including Goldman Sachs (NYSE:GS), Deutsche Bank (NYSE:DB) and Societe Generale. Starr International owns a large stake in AIG. Th...

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  1. Rep. Capuano: Stimulus Will Create Jobs

    Outrage at bank hearing

  1. Rep. Capuano: Ryan Budget is Extreme

    Rep . Michael Capuano weighs in on the budget battle and MF Global case.

  2. MF Global Exec. Refuses to Testify Before Congress

    A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as U.S. lawmakers heard from officials who played critical roles in the fi...

  3. Fannie and Freddie Reflate Housing?

    The Federal Housing Finance Agency (FHFA) says in a new report that Fannie Mae and Freddie Mac have to date conducted 1.1 million permanent loan modifications.The FH...

  4. The Rise in Hostile Political Rhetoric

    FBN's David Asman on the need to return to a civil political discourse, come to agreements and get back to work.

  5. Celtics Owner on Senate Race

    Boston Celtics Co-Owner Stephen Pagliuca on what the state’s Senate seat means for health-care reform.

  6. Tax the Oil Traders?

    Rep . Michael Capuano (D-Mass.) on the plan that would tax oil traders to raise money for highways.

  7. Outrage Over Bad Banks

    Government control of banks

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