oregonjon

Greenberg's Chutzpah

Felix, calm down. AIG's Bailout I was nationalization. Bailout II was so the government wouldn't kill AIG so quickly. Greenberg's proposal for Bailout III simply suggests that AIG's original shareholders should get the same deal given Citi's shareholders. And at Citi the government's nominal exposure is even greater than at AIG. If you want to hang Hank by the thumbs, fine, but why should other AIG shareholders suffer the same punishment?