AIG is hungry for more of our $$$

Just when you think this whole AIG mess couldn’t get any worse, it does. Believe it or not, the brain trust that is the American International Group is now suing the U.S. government. This would be the same government that bailed the company out with taxpayer money.

Now, AIG is using that same money to sue the feds for over $300 million!

Apparently, the $144 billion - that's billion with a B - in government bailout money wasn’t enough for these money-grubbing corporate parasites.

Keep in mind that the total amount of “bonuses” paid out to AIG honchos earlier this month was $165 million. So the amount AIG is suing the government for is nearly double that figure.

And why is AIG suing? Because it claims it overpaid taxes related to deals that were reportedly made using offshore tax havens (in places such as the Cayman Islands and the Dutch Antilles).

That’s right. AIG used loopholes in the law to avoid paying taxes, and now it’s claiming it paid too much and wants money back.

AIG has revealed itself to be nothing more than an insatiable money-eating beast. Feed the beast, and it still wants more.

The suit was filed in U.S. District Court in New York City about a month ago, but was only reported on last week. (And for some reason, the mainstream media hasn’t really run with this story. I guess journalists have an easier time explaining “bonuses” than tax law.)

AIG also tried to keep this story quiet. Wonder why?

Maybe it's because the bright lights at AIG knew that they would look pretty bad suing the majority owner of their own company. Remember, the U.S. government now owns 80 percent of AIG thanks to all of the bailout money.

Worse yet, the arm of AIG involved in this whole tax mess is the financial products unit, the same division that brought AIG to the brink of financial ruin.

This is so sick and twisted, if AIG were a person, it would be committed to a mental institution.

Interestingly, one of AIG’s offshore entities involved in this tax-and-sue hocus pocus is a private Panama company called the Starr International Company, known as SICO for short.

Sicko, indeed.