Trial Over Greenberg’s Challenge to AIG Bailout to Get Underway

By | September 29, 2014

  • September 29, 2014 at 1:22 pm
    Scott says:
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    If there was a picture for the word “arrogant”, it’d be of Mr. Greenberg.

    I not only look forward to him losing this case, but simply fading away.

  • September 29, 2014 at 3:28 pm
    Nowlife Isgood says:
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    Regardless of your opinion of AIG or Greenberg, the constitutional questions remain. This trial should be interesting. And what of the allegation that AIG was used by the Fed to channel bailout funds to the investment banks (from which most of the Fed and Treasury leaders came?) Without the AIG bailout the CDS’s aren’t paid and without those, the large investment banks would have faced their own liquidity crunch. Perhaps what doesn’t come out at trial will be as interesting as what does…

  • September 29, 2014 at 3:39 pm
    Lou Landini says:
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    I’m on Mr. Greenbergs side. The government with the help of the Federal Reserve created this mess and they are venal enough to want to profit from it. I think the judge realizes this. The government should lose.

  • September 30, 2014 at 11:40 am
    Stush says:
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    Tell me how the government sold credit default swaps, tell me how the government was the cause of the mess that required the US taxpayer to bail out AIG. Their business model was great as long as they were selling but when the calls came in for payment, guess who was under-reserved? the government? Greenberg is anything but a boy scout. Didn’t AIG get caught inflating their reserves and had to restate several years earnings? Why didn’t Mr. Greenberg tell his shareholders that their dividends were based on his manipulating the annual statements? Now he is saying his shareholders got hosed by the government? sounds like my siblings crying to dad that they didn’t get a bigger piece of cake, boo hoo hoo! Who is to decide what was “fair” treatment by the Fed, except that AIG is still in business. Maybe we should have let them go down the tubes like Lehman brothers?



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