Hank Greenberg in Space and AIG in Pieces

by Jerry Gordon and John Haldi (March 2009)

 

Witness these comments from a former Wall Streeter:

In a colloquy, we noted:

From close experience in regulatory and reinsurance dealings with Hank and his minions at AIG, we know their disdain for state insurance regulators if they thwarted their plans.

Fast forward to this week, and we witnessed Hank Greenberg as a forlorn figure, victimized by his own arrogance, invincibly ignorant of his responsibility in this mess for which the taxpayers will pick up the tab.

As Gapper notes in his Financial Times article:

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