U.S. Government Prepares Defense in AIG Trial

The video discusses a legal case involving AIG shareholders, represented by David Boies, who argue that the government's bailout terms were excessively harsh and amounted to an illegal taking of property. The government defends its actions, citing legal authority and the need to prevent moral hazard. The case is being heard by a single federal judge, with both sides presenting their arguments and evidence.

What does the government claim would have happened to AIG shareholders if the government had not intervened?

What is the significance of Hank Greenberg in the context of this case?