(Reuters) – The U.S. Supreme Court on Monday refused to hear an appeal by a taxpayer who claimed the government's 2008 bailout of the insurer American International Group Inc violated the constitutional separation of church and state.
Without comment, the court let stand a June 1 ruling by the 6th U.S. Circuit Court of Appeals in Cincinnati that Kevin Murray lacked standing to challenge the $182.3 billion bailout, including its use of taxpayer funds from the Troubled Asset Relief Program (TARP).
The bailout left the government with a controlling stake in New York-based AIG, which it has since reduced.
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