Libby, you have to admit he does create jobs – for his attorneys. They do like their retainder income. How many suits has he lost in the past 5 or so years? He will be in the middle of a suit when he is pushing up daisies.
Hank Greenberg was not in control of AIG when most of this was going on. Greenberg was pushed out of AIG in 2005 do to Elliot Spitzers(Sherriff of Wall Street) run on the financial industry in NY.
In Hanks absence AIG’s Financial Products dept began buying up bunches of bad mortgages and there was absolutely no oversight. Hank and and his comrads had been run out or turned their backs. Although many financial entities were engaged in similar activities AIG kept investing long after The Goldman Sachs types had all pulled out.
With these unchecked investments in fp and new style of running AIG post Hank is what sank the largest insurance company in the world. Which again was all intertwined with the Luv Govs Agenda to put on a political display.
You think someone with 12% interest in a Company doesn’t have any control? Tell that to the SEC who considers anyone with a 10% share in a public company to have it. In a widely traded stock, 10% is a heck of alot.
How much of the problems were the fault of Greenberg is open to conjecture. He was in charge when we had all the bid rigging with Marsh that was a huge scandal many years ago. AIG was an outlaw company and deserved all the problems they received. Now, they are trying to make nice and promote themselves. I still don’t like them and grit my teeth when a broker tries to place my business with one of their companies.
Hallelujah! How much of the goverment’s money did he waste with that ungrateful, hypocrital nonsense. Go away, Greenberg.
Libby, you have to admit he does create jobs – for his attorneys. They do like their retainder income. How many suits has he lost in the past 5 or so years? He will be in the middle of a suit when he is pushing up daisies.
Hank Greenberg was not in control of AIG when most of this was going on. Greenberg was pushed out of AIG in 2005 do to Elliot Spitzers(Sherriff of Wall Street) run on the financial industry in NY.
In Hanks absence AIG’s Financial Products dept began buying up bunches of bad mortgages and there was absolutely no oversight. Hank and and his comrads had been run out or turned their backs. Although many financial entities were engaged in similar activities AIG kept investing long after The Goldman Sachs types had all pulled out.
With these unchecked investments in fp and new style of running AIG post Hank is what sank the largest insurance company in the world. Which again was all intertwined with the Luv Govs Agenda to put on a political display.
You think someone with 12% interest in a Company doesn’t have any control? Tell that to the SEC who considers anyone with a 10% share in a public company to have it. In a widely traded stock, 10% is a heck of alot.
How much of the problems were the fault of Greenberg is open to conjecture. He was in charge when we had all the bid rigging with Marsh that was a huge scandal many years ago. AIG was an outlaw company and deserved all the problems they received. Now, they are trying to make nice and promote themselves. I still don’t like them and grit my teeth when a broker tries to place my business with one of their companies.
I think he would look much better with tar and feathers.