Hank Greenberg was pushed out of AIG by the board, a company he built into the financial powerhouse that it was, because he objected to insuring the CDOs. The new management went into the business whole hog.
Hank isn’t going away quietly.
Hank Greenberg Challenges AIG Bailout
Financial Crisis Moves by New York Fed, Government to Shore Up Insurer at Center of Trial
http://online.wsj.com/articles/hank-greenberg-challenges-aig-bailout-1411941174
The cozy relationship between AIG and Goldman Sachs is the real place to look.
” The cozy relationship between AIG and Goldman Sachs is the real place to look.”
And you don’t have to look very hard, either.
Of course revisionism is in full swing these days and per the meme it's Greenberg who gets the blame for pushing those bad bad CDO instruments down AIG's throat.