Monday, March 16, 2009

AIG

Does anyone remember how Eliot Spitzer hounded Hank Greenberg out of AIG. Greenberg was the founder of AIG and built a stellar organization with a fine rating. But, Spitzer was a populist and thought he would build his run for Governor on attacking Wall Street. It didn't hurt Spitzer that Greenberg was a Republican either. In Greenberg's place Spitzer helped to pick someone acceptable to him. In three years AIG was run into the ground. Thanks, Mr. Spitzer.

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