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.
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.