Finally, the Truth About the A.I.G. Bailout
Legally, Starr is unlikely to prevail. Even if Mr. Boies comes away with a win at the trial court, which has been a favorable venue for Wall Street, appeals courts are unlikely to accept a decision that effectively requires sweetheart deals for any bailout recipient.
Politically, however, the case could be a coup. It’s hard to begrudge Mr. Geithner and the Fed for doing what they believed was necessary to save the economy. But what they shouldn’t be allowed to do is insult our intelligence in the process. The Starr case, its chutzpah notwithstanding, may be our last hope for ending the charade.