(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.
Murray, a Michigan resident and Marine veteran of Operation Iraqi Freedom, said the bailout violated the First Amendment's establishment clause because AIG has units that market and sell financing products compliant with Sharia, Islamic law based on teachings of the Koran.
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