printBizarre ruling with far-reaching consequences in AIG government bailout case
by flagamuffin
However, Judge Wheeler had a more sympathetic ear than his peers. He determined that the takeover of A.I.G. was orchestrated to “maximize the benefits to the government and to the taxpaying public.” Contrary to the conventional wisdom — and common sense — he said that goal was troubling. “The government’s unduly harsh treatment of A.I.G. in comparison to other institutions seemingly was misguided and had no legitimate purpose,” he wrote.
Holy shit.