AIG Collapse and Federal Rescue, Continuation

Hank Greenberg, who retired as chairman and chief executive officer of American International Group (AIG) in 2005, testified about the… 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

*The transcript for this program was compiled from uncorrected Closed Captioning.

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AIG Collapse and Federal Rescue, Continuation

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Program ID:
285045-101
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 2, 2009
Last Aired:
Apr 3, 2009

Airing Details

  • Apr 02, 2009 | 12:18pm EDT | C-SPAN 3
  • Apr 03, 2009 | 1:30am EDT | C-SPAN 2
  • Apr 03, 2009 | 4:20pm EDT | C-SPAN 1
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