In AIG Trial, Private Property Rights And Preferential Treatment At Issue

It’s funny how some of the financial elite, whose iron clad control is seldom questioned, get testy when someone finally asks tough questions.  That’s playing out in court as the lawsuit over the government’s 2008 seizure of a private business, American International Group Inc (NYSE:AIG), on terms that plaintiffs say have been documented to have been severe relative to bailout terms given to large banks. AIG trial: Ben Bernanke annoyed by tough questions about property rights In a Washington D.C. courtroom, where a trial that is about property rights is the toughest question, former Federal Reserve Chairman Ben Bernanke appeared…