Maurice “Hank” Greenberg, the former CEO and one of the largest shareholders of the American International Group, claims that the $180-billion federal bailout of AIG in 2008 actually cost AIG shareholders tens of billions of dollars.
Read moreZachary Karabell on the Trouble With Jon Corzine and MF Global
Bad judgment? Bad timing? Watch video of Zachary Karabell discussing what went wrong at MF Global.
Read moreMF Global Is No AIG
Is this another AIG? Should ordinary investors be worried? Newsweek & The Daily Beast's Zachary Karabell answers.
Read moreBad Accounting Rules Helped Sink AIG
The decision by the Federal Reserve to loan insurance giant AIG $85 billion in return for as much as 80% ownership of the company is by any measure dramatic. The takeover early last week of Fannie Mae and Freddie Mac represented the culmination of years of intermingling of public and private interests. Even if the intervention was imperative, its scope is startling.
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