maurice greenberg

AIG II - Maurice Greenberg is Back

If we screw up and get fired that becomes part of our permanent employment record. But if you are part of the financial oligarchy, well, they can practically destroy the entire financial system and get multiple do-overs. Several examples come to mind:

1) John Meriweather - founder of Long-Term Capital Management who after practically destroying the financial system with his high flying computer models went on to start several other hedge funds. and

2) Maurice "Hank" Greenberg - founder and former Chairman and CEO of AIG.

Is'nt American Capitalism just grand?

Yeap. Maurice Greenberg is back and unfortunately he maybe benefiting from taxpayer's bailout of AIG: