Maurice R. Greenberg

I mean, it maybe you recall Eliot Spitzer.

Um, he was the New York prosecutor that took down, uh, Hank Greenberg, the head of, of AIG.

What that was about, AIG refused to underwrite all the CDOs.

So Spitzer, not knowing that he was a pawn, was fed information to go after, uh, AIG, and the settlement was that Hank Greenberg had to resign.

He stepped down, and suddenly AIG funded all the mortgage-backed securities that blew up, took down, and then AIG had to get bailed out.

All right? Spitzer thought he was now king of the mountain, and he said, um, he was gonna go after-

Evan Greenberg, he took over in 2004.

His dad, Hank Greenberg, you know, built up AIG, and they're just great operators.

And, uh, Berkshire owns a big stake.

They own 8%.

The head of AAU.

AIG or, you know, whoever, Hank Greenberg, you pick it.

But find some guy who was responsible for people losing their homes and their savings and hold that guy accountable.

Instead, what they do is, both Democrats and Republicans, and I'll never forget, I was on a call with the United States senator who I was working with at the time, and it was September of 08, and the entire caucus gets on the phone, and you have Harry Reid, the head of, at the time, who was the majority leader, um get on the phone with bush's treasury secretary and ben bernanke the chairman of the fed and clearly the fix was in and he's saying to these senators we got to do wall street bailout we got to do wall street bailout

It's actually a great business case.

If you look at the rehabilitation of the AIG brand, we had a string of CEOs after Hank Greenberg, but I'll point to the one who was there the longest.

It was Bob Ben-Mache.

Bob did a great job of going to the media and and saying and going to the investor community and saying, Hey, here is our plan to get to pay the government back.