Quote:
Originally Posted by Azure
They wouldn't even have to sue.
Like I said above, breach of contract usually results in the guy who got screwed over getting his money anyways.
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Yeah, but contracts don't amount to anything if the entity who owes it to you has no money.
If AIG had not received the bailout, they would probably not be able to pay bonuses. Other organizations, and lenders would probably get first crack at their assets. Employees would be very low on the list (I think).
So had they not been bailed out, I think it's fair to say the contract is not worth the paper it's printed on. Yeah, it sucks, but welcome to the real world.