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Musk: Time to tackle dealer dispute
Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
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White House declines comment on possible AIG suit
WASHINGTON |
WASHINGTON (Reuters) - The White House declined to comment on Tuesday on a possible lawsuit by insurer American International Group against the U.S. government that alleges the terms of the firm's 2008 bailout were unfair, but defended the rescue.
"I won't comment on a lawsuit that's pending," White House spokesman Jay Carney told reporters at a briefing.
"The U.S. government acted in a bipartisan fashion to prevent the disorderly failure of AIG after concluding that such a failure would have caused catastrophic damage to the economy and financial system," he added.
The company has repaid the government for its emergency funding and the government reaped a profit from the rescue, Carney noted. The bailout is a reminder of the need to continue putting financial reforms into place, he said.
(Reporting By Mark Felsenthal)
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