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Michael Capuano

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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    Rep . Michael Capuano sounds off against bank CEO's and Wall Street.

  2. Capuano: I'm Worried about the Economy

    Rep . Michael Capuano , (D-Mass.), on what started the financial meltdown and what will and won't end it.

  3. Celtics Owner on Senate Race

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

  4. Rep. Capuano: Stimulus Will Create Jobs

    Rep . Michael Capuano , (D-Mass.), on TARPed bank CEOs testifying before the House.

  5. Hits & Misses: Vaccine Lawsuit Case Shot Down

    Supreme Court ruling a hit or miss?

  6. Replacing the 'Liberal Lion'

    Race to fill the late Ted Kennedy's Senate seat in Massachusetts

  7. Hourly Update

    Get hourly updated headlines from FOX News Channel

  8. Massachusetts' Future

    Who will take Ted Kennedy's place in the Senate?

  9. 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.

  10. Celtics Owner on Senate Race

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

  11. Tax the Oil Traders?

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

  12. Outrage Over Bad Banks

    Government control of banks

  1. WH, Boehner resume talks aimed at reaching fiscal cliff deal

    Reps. Justin Amash, Michael Capuano weigh in

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    Mass. Congressman Michael Capuano weighs in

  3. Rep. Capuano: Ryan Budget is Extreme

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

  4. 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...

  5. 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...

  6. 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.

  7. Tax the Oil Traders?

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

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