It has been suggested Hank Greenberg, the CEO who led AIG at the time of the crisis, and put AIG & the US Government into this unsavory relationship is actually trying to protect his own….assets…yes…assets…that works… by suing the US on behalf of shareholders who might otherwise sue him. Perhaps the stockholders should be sued for negligence resulting in negative financial consequences for people & organization who trusted AIG with funds. It has been my opinion from the beginning that all banks and institutions who lost savings and pensions of our neighbors who trusted them should be banned from paying dividends or bonuses until pension funds are refunded and safeties installed to prevent such hardship being inflicted on our people. There is very strong evidence for blaming Goldman Sachs for the crisis in Greece because of their use of risky financial formulas. At the very least, I would like to know why Mr. Greenberg and other CEOs who laid the foundation of this most recent financial debacle deserve NO punishment or censure. Is it because legislators, manipulated by lobbyists representing lenders, made it legal for banks to do harm? Is it because at a RNC or DNC fund raiser, a CEO was able to have quiet conversations with politicians able to manipulate the legislation in exchange for ‘services rendered"?I believe in redemption, but redemption cannot come without “repentance”, a visible, displayed remorse for ills done to others and a sincere effort to make the lives of those harmed, better, if not whole.I’ve seen no repentance or remorse from those who crippled our economy. I have seen too many stories of bonuses paid to executives who apparently don’t care if they’ve earned our anger, as long as they ‘earn’ their bonuses.Respectfully,C.
With all the guns in the country, I’m shocked that not one of these shamelessly felonious billionaire felons has been gunned down. We kill elementary schools and movie theaters, but not Wall Street executives..Twisted.
…ever hear of “justifiable homicide?” Of course there are distinctions within homicide. There are mitigating and aggravating circumstances. You seem to have difficulty with any nuance whatsoever. It’s easy to understand rage at Greenberg in this instance. Perhaps an IRS audit would be better than violence, however.
A suit has already been filed by greedy, ingrate shareholders of AIG to get more money from the government that saved their investment from collapse. The company just said it might join, but the adverse publicity caused it not to — at least while people were looking.The shareholders are demonstrating why AIG got into so much trouble in the first place.
Tue Elung-Jensen over 11 years ago
Hope they lose if its the case.
chazandru over 11 years ago
It has been suggested Hank Greenberg, the CEO who led AIG at the time of the crisis, and put AIG & the US Government into this unsavory relationship is actually trying to protect his own….assets…yes…assets…that works… by suing the US on behalf of shareholders who might otherwise sue him. Perhaps the stockholders should be sued for negligence resulting in negative financial consequences for people & organization who trusted AIG with funds. It has been my opinion from the beginning that all banks and institutions who lost savings and pensions of our neighbors who trusted them should be banned from paying dividends or bonuses until pension funds are refunded and safeties installed to prevent such hardship being inflicted on our people. There is very strong evidence for blaming Goldman Sachs for the crisis in Greece because of their use of risky financial formulas. At the very least, I would like to know why Mr. Greenberg and other CEOs who laid the foundation of this most recent financial debacle deserve NO punishment or censure. Is it because legislators, manipulated by lobbyists representing lenders, made it legal for banks to do harm? Is it because at a RNC or DNC fund raiser, a CEO was able to have quiet conversations with politicians able to manipulate the legislation in exchange for ‘services rendered"?I believe in redemption, but redemption cannot come without “repentance”, a visible, displayed remorse for ills done to others and a sincere effort to make the lives of those harmed, better, if not whole.I’ve seen no repentance or remorse from those who crippled our economy. I have seen too many stories of bonuses paid to executives who apparently don’t care if they’ve earned our anger, as long as they ‘earn’ their bonuses.Respectfully,C.
Chillbilly over 11 years ago
With all the guns in the country, I’m shocked that not one of these shamelessly felonious billionaire felons has been gunned down. We kill elementary schools and movie theaters, but not Wall Street executives..Twisted.
ossiningaling over 11 years ago
AIG’s board of directors is staying away. A former boss of AIG (Maurice Greenberg) is leading the charge.
DavidGBA over 11 years ago
Well, help can breed resentment! AIG has a history of willful action as if it had never gone public!
Call me Ishmael over 11 years ago
…ever hear of “justifiable homicide?” Of course there are distinctions within homicide. There are mitigating and aggravating circumstances. You seem to have difficulty with any nuance whatsoever. It’s easy to understand rage at Greenberg in this instance. Perhaps an IRS audit would be better than violence, however.
Spyderred over 11 years ago
A suit has already been filed by greedy, ingrate shareholders of AIG to get more money from the government that saved their investment from collapse. The company just said it might join, but the adverse publicity caused it not to — at least while people were looking.The shareholders are demonstrating why AIG got into so much trouble in the first place.
Uncle Joe Premium Member over 11 years ago
Actual sarcasm goes right over How-gee’s head.
pam Miner over 11 years ago
what do they do and why do they want more money?