• 07 Jul 2009 at 4:20 PM

AIG Adds Another Loss To Its Belt

By Greg Michaels

Hank Greenberg.jpgIn yet another swift victory for justice and credibility in the US legal system, former AIG chairman Hank Greenberg, accused of running off with $4.3 billion in AIG stock which was supposed to be used for executive retirement accounts, got a free pass from a federal jury today. The jury was evidently not swayed with minor appearances of impropriety such as Greenberg flying stock certificates to Bermuda in private jet to deposit them in an off-shore account. Should Fed. District Judge Jed S. Rakoff not introduce a shred of decency into this process and reverse the jury’s decision in his final ruling, the Hank Greenberg GFY AIG party will go on as scheduled on a pink sand beach later this summer.
Jury Finds Against A.I.G. in Greenberg Case [NYT]

Comments (18)

  1. 1
    Posted by Investorcluzo | July 7, 2009 at 4:37 PM

    @greg – I’m not going to bash you like the others, it’s not my thing. however, I will provide some constructive tips that, I hope, will assist you in winning over the loyal (yet demanding) db nation:
    (1) this was a perfect time for you to tell us that hank gave AIG a good “ass pounding” or that they were “ass-raped” by the blind jury. maybe that’s just bess’s thing, but the db faithful like that talk…
    (2) the private jet comment works, but “pink sand beach”? c’mon man. you should have used something like – party at the “elbow beach club”, “tucker’s point” or better yet, a golf tournament at mid ocean (oh the irony).
    (3) finally, what’s with the picture? hank should always be shown with his little ankle biter of a dog with the mountains in the background.
    just my $0.02…btw, first b1tches!

  2. 2
    Posted by guest | July 7, 2009 at 4:39 PM

    Hi Bess

  3. 3
    Posted by guest | July 7, 2009 at 4:40 PM

    Su hermana la puta me dijo que ella no tenía clamidyia. ¡Ella mintió a mí! Quema cuando hago pis.

  4. 4
    Posted by guest | July 7, 2009 at 4:41 PM

    Hi Jeff

  5. 5
    Posted by guest | July 7, 2009 at 4:42 PM

    I detect a trace of sarcasm and a touch of spunk. Is that really you Greggers?

  6. 6
    Posted by guest | July 7, 2009 at 4:44 PM

    He’s picking up Ruthie on the way out.

  7. 7
    Posted by guest | July 7, 2009 at 4:47 PM

    Must have a damn good lawyer.

  8. 8
    Posted by guest | July 7, 2009 at 4:49 PM

    @7 maybe a damn rich one too. wonder if his fee arrangement had a contingency kicker based on restitution avoided.

  9. 9
    Posted by Anal_yst | July 7, 2009 at 4:50 PM

    No Horseshoe bay for you, Cluzo?

  10. 10
    Posted by guest | July 7, 2009 at 4:54 PM

    I have a Tier 1 erection.

  11. 11
    Posted by guest | July 7, 2009 at 4:56 PM

    AIG Adds Another Loss To Its Belt
    Is that like Bess adding another notch to the bedpost?

  12. 12
    Posted by Investorcluzo | July 7, 2009 at 5:01 PM

    @anal_yst – are you kidding, I’m lucky they let me stay at the hamilton princess…the business traveler is SOL when it comes to accommodations – I could just see the look of the boss man when he sees a $500 a night charge on my CC – and that doesn’t include the overpriced food.

  13. 13
    Posted by guest | July 7, 2009 at 5:19 PM

    Too big to fail has become too rich for jail

  14. 14
    Posted by guest | July 7, 2009 at 6:19 PM

    AIG itself was a real crime. What a fucking joke.

  15. 15
    Posted by guest | July 7, 2009 at 6:28 PM

    Greg stand up for yourself and tell that smug bitch @1 to STFU.

  16. 16
    Posted by Porker Stankleberry | July 7, 2009 at 6:53 PM

    AIG lost fair and square. This was a bullshit case from the jump.
    Claiming ownership solely because it was “AIG stock” isn’t the same as it being “AIG’s stock”, if you catch my drift.

  17. 17
    Posted by guest | July 7, 2009 at 7:37 PM

    Maybe the Pope’s statement(s) has helped clear Hank — is Hank the altar boy or the
    boyer (doo-er) — if you get my drift…Hank reminds me of “minni-me” from the Austin Powers stuff…mr. tri-pod…….

  18. 18
    Posted by guest | July 9, 2009 at 2:33 AM

    AIG – read this if your attention span has any longevity….
    http://www.vanityfair.com/politics/features/2009/08/aig200908?printable=true&currentPage=all
    all the damn sand is pink…the non governmental entities are in better shape than the USA’s and despite some the less than competent and/or ethical public employees, including some politicians, Bermuda’s streets are cleaner than New York’s…. metaphorically and literally…

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