More nuggets of news from Hank Greenberg’s testimony before Congress….
Greenberg, with the prominent Washington lawyer David Boies at his side, declared that government efforts to rescue AIG — taxpayers now own almost 80 percent of the insurance giant — have failed. He said that that stake should be reduced to 15 percent, and that the company should be restructured, and current management should be removed.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144205