Wednesday, November 11, 2009


BANZAI7--AP: "The bailout has hastened the exodus of so called AIG talent, with many leaving to work directly or indirectly for Maurice R. Greenberg, A.I.G.’s former chief executive who is building other ventures that can offer conventional, performance-based pay.

Mr. Benmosche has argued that the departure of such people will make it harder for the company to turn a profit and pay back its rescue loans."

WB7: This is the ultimate irony of the situation. The government gets Greenberg removed but can't convict him. Meanwhile his WMD tanker goes rudderless and nearly brings down the entire world financial system. The government spends billions bailing it out. Now Greenberg is poaching his old cronies to his latest financial edifice.

Tell me it ain't so George...

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