AIG Collapse and Federal Rescue, Continuation
This portion is a continuation of questioning of Mr. Greenberg which begins on 285045-1.
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 is a continuation of questioning of Mr. Greenberg which begins on 285045-1. close
People in this video
More PeopleHosting Organization
More Videos From
House Oversight and Government Reform Committee
Related Video
-
AIG Collapse and Rescue, Liddy Testimony
American International Group (AIG) executives testified about the use of public bailout funds by the company and previou…
-
Ben Bernanke on Bank of America and Merrill Lynch
Federal Reserve Chair Ben Bernanke testified at a hearing on the merger of Bank of American and Merrill Lynch. Faced wit…
-
Former Treasury Sec. Paulson on Merrill Lynch Merger
Former Treasury Secretary Henry Paulson testified about federal assistance to Bank of America and Merrill Lynch. Members…
-
AIG Executive Bonus Payments Audit
Neil Barofsky testified about retention bonuses awarded to employees and leaders of financial institutions after the com…