Why arent they going after the AIG CEO for selling the toxic assets that caused the financial meltdown. I really dont care about a fraudulent reinsurance deal which boosted their reserves by a measely 500 million, when you are talking about a company with assets of 100 billion.
NY AG should get his target right. From what I have heard This was an attempt by spitzer to go after a CEO only because he didnt donate to the Democrats. We all know the morals of Spitzer.
Here we go again. The Govt. chasing a transaction which did not hurt anyone. Granted, it was illegal. Collect FINES and apply against the national debt!!! Also, what about Geitner paying every dollar of every AIG CDO with Goldman Sachs! That is worth investigating since they used MY money to payoff those stupid bets. So, AIG costs taxpayers $150 billion and we are spending taxpayer money chasing an 85 year old guy that a grudge took down caused by Hooker Boy. We need to wake up this govt. and stop prosecuting harmless crimes. Hank ONLY made people BILLIONS of dollars while he created AIG over 40 years. Look at Spitzer, mess with Hank and he will get you eventually… Ha ha ha “ELLIOT, your mother is calling!
This is America which means unfortunately, Spitzer will be back. He is already on CNN as an expert commentator and no one bats an eye.
He’ll issue his mea culpa, go on Oprah with his wife in tow, sit with Barbara Walters, have a publicist place a few articles in People magazine and all will be forgotten.
Who is to say that Hank did not create the situation that Eliot fell into. True, he could have said no but didn’t.
Whatever happened at AIG happened because hank made it happen. You can blame his successors, but he made the initial decisions that created the house of smoke and mirrors that caused them to get to where they are today.
If you believe anything less than that, you are an apologist for Greenburg, and you need to take off your rose colored glasses.
That is one person’s opinion for what it is worth.
All a bunch of extremely rich perverted hypocrits that think they are better than everyone else.
I am getting very sick of this stuff.
Leave the old 80 something year old man alone. Let him get older and die. He enjoys the limelight as much as those who are attacking him. Old news and Old players.
Joe had it right–this is political. Irrespective of what this judge had to say, nobody but Ferguson and Greenberg know who said what to wheom, and when. Were it not political, Buffett would be gettitng the same treatment for the same reason–he is aware of all material transactions his various companies do–and he certainly knew as much about this as Grennberg. Like the rediculous SEC suit agains Golman–this is a wast of taxpayers’ money–and politically motivated.
I never have understood how it could be that Greenberg and Buffett instigated the transaction yet only their underlings at AIG and GenRe ended up in the big house. For that matter, though, I never have truly understood what the crime was in the first place. If this was a crime, what in heavens name was the whole credit default swap fiasco?
that the federal anti trust laws enjoyed by insurers needs to be repealed and that national reform needs to come in an regulate the industry this whole mess could have been avoided peoples very lives have been destroyed over the actions of a few men.
Oh what a tangled web we weave, when first we practice to decieve.
Why arent they going after the AIG CEO for selling the toxic assets that caused the financial meltdown. I really dont care about a fraudulent reinsurance deal which boosted their reserves by a measely 500 million, when you are talking about a company with assets of 100 billion.
NY AG should get his target right. From what I have heard This was an attempt by spitzer to go after a CEO only because he didnt donate to the Democrats. We all know the morals of Spitzer.
Here we go again. The Govt. chasing a transaction which did not hurt anyone. Granted, it was illegal. Collect FINES and apply against the national debt!!! Also, what about Geitner paying every dollar of every AIG CDO with Goldman Sachs! That is worth investigating since they used MY money to payoff those stupid bets. So, AIG costs taxpayers $150 billion and we are spending taxpayer money chasing an 85 year old guy that a grudge took down caused by Hooker Boy. We need to wake up this govt. and stop prosecuting harmless crimes. Hank ONLY made people BILLIONS of dollars while he created AIG over 40 years. Look at Spitzer, mess with Hank and he will get you eventually… Ha ha ha “ELLIOT, your mother is calling!
This is America which means unfortunately, Spitzer will be back. He is already on CNN as an expert commentator and no one bats an eye.
He’ll issue his mea culpa, go on Oprah with his wife in tow, sit with Barbara Walters, have a publicist place a few articles in People magazine and all will be forgotten.
Who is to say that Hank did not create the situation that Eliot fell into. True, he could have said no but didn’t.
Whatever happened at AIG happened because hank made it happen. You can blame his successors, but he made the initial decisions that created the house of smoke and mirrors that caused them to get to where they are today.
If you believe anything less than that, you are an apologist for Greenburg, and you need to take off your rose colored glasses.
That is one person’s opinion for what it is worth.
All a bunch of extremely rich perverted hypocrits that think they are better than everyone else.
I am getting very sick of this stuff.
Leave the old 80 something year old man alone. Let him get older and die. He enjoys the limelight as much as those who are attacking him. Old news and Old players.
Joe had it right–this is political. Irrespective of what this judge had to say, nobody but Ferguson and Greenberg know who said what to wheom, and when. Were it not political, Buffett would be gettitng the same treatment for the same reason–he is aware of all material transactions his various companies do–and he certainly knew as much about this as Grennberg. Like the rediculous SEC suit agains Golman–this is a wast of taxpayers’ money–and politically motivated.
sounds a whole lot like Sarah Palin, doesn’t it?
I never have understood how it could be that Greenberg and Buffett instigated the transaction yet only their underlings at AIG and GenRe ended up in the big house. For that matter, though, I never have truly understood what the crime was in the first place. If this was a crime, what in heavens name was the whole credit default swap fiasco?
that the federal anti trust laws enjoyed by insurers needs to be repealed and that national reform needs to come in an regulate the industry this whole mess could have been avoided peoples very lives have been destroyed over the actions of a few men.