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INSURANCE
AIG Sues Government For Defamation
WASHINGTON (CAP) - Insurance giant AIG has filed suit against the U.S. government for what it calls the "inflammatory language used to describe the monetary transactions conducted between the two institutions during the financial crisis of 2008."
Jason Boone, a lawyer for the firm, held a press conference recently to discuss the lawsuit.
"At this point AIG has no other recourse than to seek compensation from the government for the highly incendiary and biased terms the government used to describe its loan of $182 billion dollars to AIG," he said, reading from a prepared statement.
"The government's referring to this loan as a rescue and a bailout has had the irreversible and damaging effect of making AIG look as though the venerable insurance company gambled recklessly for years and was ultimately so mismanaged that it ended up in crisis and needed to borrow billions of taxpayer dollars in order to stay solvent."
When asked by reporters what language the government should have used to describe the transactions, Boone responded that the rescue should have been referred to as "a friendly loan between friendly friends."
"We at AIG are hugely distressed that the government used such callous, debasing language in its description of the utterly casual, no-big-deal thing it sort of did for AIG by spotting us $182 billion when we were kind of in a pinch this one time," he said.
Few in the legal profession were surprised by the move.
"We honestly expected this lawsuit to be brought far sooner," said financial services analyst Brett Halpert. "It's about time AIG and its shareholders were well-compensated for their pain and suffering."
He added, "Maybe next time the government goes and bails out a high-profile corporation, it'll be a little nicer about it."
Contributing Writer
PURCELLVILLE, Vir. (CAP) - When Wayne Rooney tells people what he does for a living, he's usually met with some measure of disdain, if not downright disgust. Wayne is a horse breeder, and owner and proprietor of Comestible Colt Farms in this small Loudoun Valley town.
Except Wayne doesn't breed horses for show or for racing - he breeds them for eating.
"I love every one of my horses from the moment they're born right up until they're on a plate with a baked potato and a side of steamed broccoli," says Rooney. "Splash on a little bit of A1 sauce ... whoo-wee! That's good eatin'."
Comestible Colt Farms is one of only a handful of horse stables around the country who specialize in raising horses for human consumption, a practice considered taboo throughout the United States but acceptable in places like France and Belgium.
"And Japan!" Rooney adds. "Those crazy Japs'll eat anything."
Rooney knows he has an uphill battle to convince Americans that eating horse isn't any different than eating cattle or chickens, which is why he opens his farm to school field trips and conducts public tours of his facility. He says the best way to gain acceptance is to focus on the next generation of meat eaters.
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