tag:blogger.com,1999:blog-2807403883562053852.post8630134023165848913..comments2024-03-27T08:40:31.785-06:00Comments on Clayton Cramer.: New Definition of ChutzpahClayton Cramerhttp://www.blogger.com/profile/03258083387204776812noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2807403883562053852.post-81692480575384126892013-01-08T15:00:02.077-07:002013-01-08T15:00:02.077-07:00Haven't read more than the headlines about thi...Haven't read more than the headlines about this, but I have followed the AIG mess for a long time and the government has its fingerprints all over it.<br /><br />First is NY State AG Eliot Spitzer, who as I recall never got a big white collar <i>conviction</i>, chopping of the head of AIG by going after its founder with a rusty knife in 2005. It's entirely possible the breakdown in risk management stems from that.<br /><br />Then there's the suspicion that the government's takeover was used to funnel money to the usual suspects, who did need it.<br /><br />Countering that are the rumors that way too much of the insurance money was invested in bad instruments.<br /><br />There may be no good guys in this mess beside Greenberg and his people (probably irrelevant since they've long been out of the picture) but we're pretty sure the government, state and Federal, have been bad guys.ThatWouldBeTellinghttps://www.blogger.com/profile/16910231314995266781noreply@blogger.com