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SEC Subpoenas as Many as 12 AIG Senior Executives in Probe
National News • March 28, 2005
The Securities and Exchange Commission has sent subpoenas to as many as 12 executives at American International Group Inc. amid several probes into whether questionable accounting transactions ...
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| Subject | Posted By | Posted On |
|---|---|---|
| corrupt bullies | victim | Mar 30, 2005, 12:14 am |
| Greenberg Crime Family | Scary thought? | Mar 29, 2005, 10:02 am |
| RE: Too Bad | Fan of Bill | Mar 29, 2005, 6:42 am |
| Too Bad | Mike | Mar 28, 2005, 10:10 pm |
| RE: 12 more deciples | Cleveland Gal | Mar 28, 2005, 9:13 pm |
| RE: 12 more deciples | Inspector Clouseau | Mar 28, 2005, 6:51 pm |
| Greenberg - San Quentin | tom | Mar 28, 2005, 6:25 pm |
| Exactly! | Winston | Mar 28, 2005, 5:30 pm |
| 20 More Diciples - | RolfNeu | Mar 28, 2005, 3:40 pm |
| RE: 12 more deciples | Flashman | Mar 28, 2005, 3:13 pm |
| RE: 12 more deciples | Big Insurance | Mar 28, 2005, 3:02 pm |
| 12 more deciples | Jim Howse | Mar 28, 2005, 2:40 pm |
| Back to article | ||
Subject: 20 More Diciples -
The industry and many of its chief executives spend many millions of dollars to influence what goes on in every state legislature, as well as, the federal government. You may recall the industry spent over $100 million to defeat Proposition 103 in California and that was just one event in one state. They continue to spend millions to promote their industry favorable legislation (e.g. use of Credit Scoring in Underwriting) and smother legislation they view as 'harmful' or unfavorable to their interests.
My guess is that there probably is a fairly strong correlation between the dollars spent to 'influence' government and the degree of 'corruption' and/or unethical behavior. Enron and Citigroup (Sandy Weill) serve as perfect examples.
If we had an 'Eliot Spitzer' in every state and about 50 more at the federal level, we might begin to uncover the 'stink' surrounding not just big insurance but all of big business in America.