3 years, 2 months ago
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If the US government can change contracts for homeowners through bankruptcy courts, why can't they change AIG's contracts?
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M$1 Answer
Well I'm not sure legally they can do it for the homeowners. It will be interesting to see if the banks/lenders push back on this.
I'm guessing that the reason they are not trying is it's to completely different pieces of law. If AIG went into bankruptcy courts they probably could rewrite the executive contracts. But as it is I don't think they legally have any way to do it.
I'm guessing that the reason they are not trying is it's to completely different pieces of law. If AIG went into bankruptcy courts they probably could rewrite the executive contracts. But as it is I don't think they legally have any way to do it.
source(s):
Watching the news and listening to TWIL.
Watching the news and listening to TWIL.
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