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Greenberg: AIG's Risky Subprime Activity 'Exploded' After He Left
National News • October 10, 2008
American International Group's (AIG) exposure to the subprime mortgage market that precipitated the government's $85 billion bailout came as a result of business conducted after he left the ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Glass-Steagall Act | Matt | Oct 13, 2008, 2:01 pm |
| Greenberg' position on single family loans. | Danny | Oct 13, 2008, 11:53 am |
| RE: RE: RE: Spitzer was right after all | Greenberg Supporter | Oct 13, 2008, 10:46 am |
| Glass-Steagall Act | Know your history | Oct 13, 2008, 9:07 am |
| RE: RE: Spitzer was right after all | Matt | Oct 13, 2008, 8:29 am |
| It's the Culture | Outside looking In | Oct 12, 2008, 9:37 pm |
| RE: Spitzer was right after all | Long-Term-Investor | Oct 11, 2008, 9:23 am |
| Hank (aka Alfred E Neuman) "what, me worry? | anon the mouse | Oct 10, 2008, 3:35 pm |
| Poor Hank | jimmy john | Oct 10, 2008, 3:05 pm |
| RE: No blame | SPECTATOR | Oct 10, 2008, 2:40 pm |
| Spitzer was right after all | greedy | Oct 10, 2008, 2:22 pm |
| No blame | liz | Oct 10, 2008, 1:24 pm |
| Back to article | ||
Subject: RE: RE: Spitzer was right after all
Did you actually read the story?
And I QUOTE:
"Greenberg was at the helm in 1987 when AIG Financial Products was born and in 1998 when it started getting involved in credit default swap insurance"
So, seeing as how CDS's CAUSED AIG'S MELTDOWN (no debate there), and seeing as how HANK WAS CEO WHEN THEY INITIATED THE PRACTICE, it is extraordinarily difficult to come to the conclusion that he is not wholly responsible.
I feel no pity. He should be shown the inside of a jail cell, not pity.