As you’re aware, Hank Greenberg continued his “wasn’t me” press tour today with a stop on Capitol Hill, telling Congressmen that none of this shit was his fault, and that it wasn’t the lack of regulation that fucked AIG, it was post-Big G management. The insurer, apparently having enough, told G-berg to shut it, old man (via spokesperson), this afternoon.
AIG, in a series of statements issued throughout the hearing, denied Greenberg’s claim that the financial products unit was ramped up only after he left.
“This business ballooned under his watch,” said Mark Herr, an AIG spokesman.
Herr said CDS transactions were being produced at a faster pace during Greenberg’s last months at AIG than at any other period the unit was writing the contracts.
Greenberg also shot down the suggestion that he pass out 1 and 5 dollar denominations of his money to taxpayers on the street.
Greenberg Spars With Lawmakers Over AIG Mess [Reuters]
Bad time for Jews.
greenberg’s entire career was spent working the refs.
now the fucker’s continuing to do it into his retirement.
i like that spitzer kicked his sorry ass to the curb.
@2, if you’re going to use a sports analogy on Hank Greenberg, wouldn’t you have been better off with “umps”?
http://tinyurl.com/dgs77q
greenberg cooked the books for 40 yrs. he left as an undicted co-conspirator in an accounting fraud. and anyone would respect his opinion now?
at this point, he’s just a crazy old man. a crazy old man, trying to paper over his culpability so he doesnt lose everything in civil lawsuits and end up sucking off bernie madoff in jail