| Part Of House Oversight and Government Reform Committee
Report Video IssueAIG Collapse and Federal Rescue
2009-04-02T10:00:01-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvN2Y0XC8yODUwNDUtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Hank Greenberg, who retired as chairman and chief executive officer of American International Group (AIG) in 2005, testified about the history of the company and what led to the need for federal financial assistance. In his remarks he blamed the executives who replaced him for the company’s collapse, refusing to accept any responsibility despite coming under fire from lawmakers on his role in fostering the firm’s financial products division. Topics included the credit default swap program, the failure of internal controls, and needed reforms to the financial system.
This portion of the hearing contains opening statements and beginning questioning of Mr. Greenberg. Questioning continues on 285045-101.
This portion of the hearing contains opening statements and beginning questioning of Mr. Greenberg. Questioning continues on 285045-101.
Hank Greenberg, who retired as chairman and chief executive officer of American International Group (AIG) in 2005, testified about the histo… read more
Hank Greenberg, who retired as chairman and chief executive officer of American International Group (AIG) in 2005, testified about the history of the company and what led to the need for federal financial assistance. In his remarks he blamed the executives who replaced him for the company’s collapse, refusing to accept any responsibility despite coming under fire from lawmakers on his role in fostering the firm’s financial products division. Topics included the credit default swap program, the failure of internal controls, and needed reforms to the financial system.
This portion of the hearing contains opening statements and beginning questioning of Mr. Greenberg. Questioning continues on 285045-101. close
People in this video
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- William Lacy Clay Jr. U.S. Representative [D] Missouri
- Gerry Connolly U.S. Representative [D] Virginia
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- Danny Davis U.S. Representative [D] Illinois
- Steve Driehaus U.S. Representative [D] Ohio
- Bill Foster U.S. Representative [D] Illinois
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- Paul E. Kanjorski U.S. Representative [D] Pennsylvania
- Patrick Kennedy U.S. Representative [D] Rhode Island
- Dennis Kucinich U.S. Representative [D] Ohio
- Stephen F. Lynch U.S. Representative [D] Massachusetts
- Carolyn Maloney U.S. Representative [D] New York
- Eleanor Holmes Norton Congressional Delegate [D] District of Columbia
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- Diane Watson U.S. Representative [D] California
- Peter Welch U.S. Representative [D] Vermont
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