AIG hank Greenburg

... I don't normaly get worked up over "corporate bailouts" or many of the systemic complaints that many people have...

this one got to me today.
Hank Greenburg saying... after complaining that the terms of the rescue of AIG were and even after renegotiating were ownerous. After AIG ... and I sound like Dylan here, PUT THE ENTIRE SYSTEM at risk, insuring things they could never pay off... Thinking "well, LEH is too big to fail, that won't default. We can isure those bonds.". Greenburg complainst about how "unfair" the terms were. Then still can't come up with "Fair" money. AIG continues to have big parties, pay huge bonuses... etc etc....

But today, there he is on CNBC... spending 10 minutes talking about, how the federal government needs to "help it" since they own 80% of it. They should help it to compeate, give it at 40 year 5% loan.... and not force it to sell off assets.

I mean HANK, how if congress just passes a bill to force every municipality to use AIG OR just foreces every other insurance company out of buisness... and why 5%, why doesn't the Treasury just monetize AIG's Debt. Then it can be super Competative... In fact Why doesn't the treasury just Print off the 150 Billion AIG ows the Governmetn and give it to AIG, and they can pay the Government back..... In fact how if Treasury Prints 250 billion, AIG can pay the treasury back twice the money it owes the government....

I'm serious here... either he has gone senile, and CNBC needs to stop giving him a place to talk...

Or Corporate hubris is so high... it thinks that this is Acceptable. It's one thing that we have no choice but to help these "To big to Succede" companies, but suddenly an Icon of corporate america... realy does want us to move to some Soviet Style economics... where we just pick one company to run everything, and give it state backing, just so long as he is "One of Us"