WorldNetDaily
An attorney who has filed a $200 billion lawsuit against Treasury Secretary Tim Geithner, former Treasury Secretary Henry Paulson and former Securities and Exchange Commission Chairman Christopher Cox over the collapse and taxpayer bailout of American International Group says the case suddenly is becoming more important.
 Tim Geithner |
As WND has reported, the case was brought by attorney Larry Klayman and his public interest law firm, Freedom Watch USA, on behalf of shareholders of AIG who have watched the value of the company plummet by some $214 billion.
The class action lawsuit filed in federal court in Los Angeles is a "wide reaching" claim that will do what Congress cannot, Klayman has told WND, adding. "The American people, not the compromised ruling elite in Washington, D.C., have begun a second American Revolution to take the country back from the con men on Wall Street, and on Pennsylvania Avenue – who under successive administrations played a central role in the meltdown of the U.S. financial system and economy."
But he says now that AIG has admitted that it paid out an estimated $455 million in bonuses that mostly previously were kept secret, Klayman said, "This case now takes on even greater significance, as the Obama administration is doling out more money to banks, nationalizing auto companies, and socializing the country in a manner that could never have been even dreamed of by Karl Marx."
"This administration, which clearly is trying to seize on the economic crisis to move the country toward near total government control, is ironically itself intellectually bankrupt and incompetent to boot," Klayman stated.
"President Obama is all talk; but behind the flash and feel-good presentations, there exists a neophyte who simply does not have a grip on the body politic of the country or economics," Klayman continued. "Time will show that this period in American history is likely to produce disastrous results, following a prior period when an unintelligent and disengaged president –George W. Bush – did his own severe damage.
"It now is up the American people, collectively and through citizen action, such as by joining Freedom Watch, to look after their own interests and not depend on government as their savior. The American people have only one savior, and He is not President Obama," the attorney said.
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