More Civil Claims 'Possible' Against AIG's Former Boss, But No Criminal Charges Expected
National News • November 28, 2005
Additional civil charges against former American International Group Inc. Chairman and CEO Maurice "Hank'' Greenberg are possible, but no state criminal charges are expected, a spokesman for New ...
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Subject: RE: Hank
Posted On: November 28, 2005, 1:17 pm CST
Posted By: Mike
Comment:
James, I am constantly amazed by the number of people willing to ignore or forgive this criminal "because the stock is up." I guess our society's morals have sunk to such a dismal low that any behavior, no matter how despicable, is accepted as long as it turns a profit. Your comments demonstrate that either a.) you don't know all the details of the CLEARLY illegal things he did (like stock manipulation), or b.) you are morally bankrupt, and a big part of the problem yourself.
Mr. Greenberg certainly DID do wrong - his actions weren't a simple matter of playing the reserves game. In fact, noe of the civil or the potential criminal charges have anyting to do with improper reserve calculation.
You might want to spend a little time understanding the issues before you rush to defend this man who, while he has helped himself and his shareholders, has done so at the expense of the rest of the insurance industry and of the consumers. The guy's a criminal, and a parasite. There's nothing glamorous about that.
And if it weren't so difficult to get a "jury of peers" to be able to understand the issues, Spitzer could nail this guy to the wall. At least some of the SEC violations are glaring enough the SEC ought to be able to get some jail time for this guy.
Subject: RE: Hank
Mr. Greenberg certainly DID do wrong - his actions weren't a simple matter of playing the reserves game. In fact, noe of the civil or the potential criminal charges have anyting to do with improper reserve calculation.
You might want to spend a little time understanding the issues before you rush to defend this man who, while he has helped himself and his shareholders, has done so at the expense of the rest of the insurance industry and of the consumers. The guy's a criminal, and a parasite. There's nothing glamorous about that.
And if it weren't so difficult to get a "jury of peers" to be able to understand the issues, Spitzer could nail this guy to the wall. At least some of the SEC violations are glaring enough the SEC ought to be able to get some jail time for this guy.