Hank Greenberg to testify in civil fraud trial

• After 11 years of legal maneuvers, Hank Greenberg, the former chief executive of AIG, will take the witness stand today during his civil fraud trial with New York's Attorney General.
• Greenberg and AIG's former CFO, Howard Smith, are accused in part of engineering bogus reinsurance transactions to bolster reserves, and allegedly orchestrated other transactions that allowed the company to convert insurance losses into investment losses.