First, Eliot Spitzer painted a target on his back, says Hank Greenberg. Then, with the bailout of AIG, the fed hoped that it would be able to bring the company down.
This, according to an interview with Mr. Greenberg that was printed in the Wall Street Journal.
Here is an excerpt from the piece: “Mr. Greenberg has no doubt the destruction of AIG was the politically-dictated goal at the time. He points to Treasury Secretary Hank Paulson’s statement on Sunday morning television shortly after the rescue, saying the purpose was to “allow the government to liquidate” the company.”
Click here to read Hank Greenberg’s viewpoint on the problems and future of AIG.
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