AIG Hearing: Where's Hank?

Conspicuously absent from the hearing underway into the AIG bailout before the House Oversight committee is Maurice R. "Hank" Greenberg, AIG's longtime chief executive.

Greenberg was forced out by AIG's board in 2005 following fraud charges brought by former New York attorney general Eliot Spitzer, who was forced to step down from his own post following revelations he frequented a high-priced call girl.

Rep. Henry Waxman (D-Calif.), chairman of the oversight committee, said Greenberg sent word that he is too ill to appear and answer questions.

However, Greenberg, 83, was well enough to be interviewed by "Good Morning America" in September.

-- Frank Ahrens

October 7, 2008; 11:05 AM ET  | Category:  business
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Which Hank?

WS wags have been saying AIG was supposed to fall like Lehman until Goldie let it be known that it would be out 20 billions if AIG went down. So one Hank came to the rescue of AIG to the annoyance of the other Hank.


Posted by: Anonymous | October 7, 2008 11:49 AM

How to Ruin the U.S. Economy

by Ben Stein

11) Insist that the free market requires that banks and insurers with friends of the Secretary of the Treasury be saved but allow other entities not so fortunate to fail, thus creating total uncertainty and terror among financial institutions, and demolishing all of the confidence built up in financial circles since the days of FDR.

Posted by: Anonymous | October 7, 2008 11:51 AM

What is Mr. Greenburg's home address? I'd just love to send him a get-well card.

Posted by: mike | October 7, 2008 2:15 PM

What was worse at the AIG hearings was the ultimate ignorance of Mr.Willumstad (the ex chairman and ex CEO of AIG). For that alone, he needs to be penalized. He made a neat compensation package for taking on the role of Chairman of AIG since Nov 2006 and what AIG shareholders got in return was an ignoramus chairman.

Posted by: Tejus Trivedi | October 10, 2008 11:29 AM

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