The $40 Billion Circus Has Arrived

12 | By Shah Gilani

Get ready for the Greatest Show on Earth. I’m not kidding!

The circus opens today in Washington at the big-top U.S. Court of Federal Claims.

That’s where insurer Starr International is suing the United States for essentially ripping off American International Group Inc. (NYSE: AIG) and its shareholders. Starr is an insurance company controlled by Maurice “Hank” Greenberg, the former CEO of AIG, not long ago the largest insurance company in the world.

Starr International Co. Inc. v. United States will feature clowns, both the frightening variety and the funny kind… lions and tigers and bears, oh my… death-defying high-wire acts… human cannonballs… and bare-naked ladies.

Here’s what it comes down to. Did the Federal Reserve and the U.S. Department of the Treasury have the right to confiscate 80% of AIG’s common stock during the 2008 bailout, in the process costing AIG shareholders $40 billion?

You heard me right.

Starr is suing for $40 billion. No wonder the circus is coming to town…

Shah Calls This Stock “A Go-To for the Next Decade or Two”

0 | By Wall Street Insights and Indictments Staff

Defense stocks have had a good run so far this year. Shah appeared on Fox Business yesterday afternoon advocating taking profits on three of the biggest firms that have reached all-time highs recently.

With the rise of lower cost energy alternatives like natural gas, major coal producers – including Alpha Natural Resources and Peabody Energy – have seen a massive decline over the past 5 years. Is it time to sell or buy more at these extremely low levels? Shah tells us what to do.

He also gives his best natural gas pick that’s poised to be a $140 billion enterprise company. “And the prospect for dividends is tremendous,” says Shah. The dividend yield will more than likely start around 5% but he expects it to go a lot higher. 

And Shah calls Alibaba “a go-to stock for the next decade or two.”

And Shah calls Alibaba “a go-to stock for the next decade or two.”