Tuesday, September 16, 2008

Greenberg calls AIG, "A National Treasure!"

Former AIG CEO, Hank Greenberg, called the firm he built, "A national treasure," during an interview with Maria Bartiromo of CNBC. (See interview here.)

Give me a break! That is monumental hubris!! Greenberg's tangled web of derivatives is now falling apart and while I understand him wanting to save it, pitching the need for a rescue to the American people like that he just oozes with phoniness.

Come on, Hank! You want it saved because your billions are on the line. Hey, you're 80-something and you'll still have plenty of money left for you to spend for the rest of your life, but don't go playing the American people for idiots. AIG may be your treasure, Hank, but it's is not a national treasure. Stop whining! I thought as a former marine, you'd be a lot tougher.

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