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C.V. Starr & Co. CEO Hank Greenberg discusses his disappointment with the current Republican Presidential nominees.
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-- against -- -- is Wall Street on the sidelines are taking sides for -- -- chairman Hank Greenberg is here.
This speaks to that -- eight.
Well first on Fox Business interview -- great to see you again thank goodness are you so what do you make of all these attacks one where the other I mean you'd think that the Republicans would get their act together when -- You would hope so but they haven't.
And then look you know what -- business -- business wants.
They tax rate -- makes -- competitive.
And create in capital creates job.
Business has to grow with capital.
And until we get that going.
Raising taxes.
Is that discourage capital discouraging -- Discourages job and doesn't make any sense.
It doesn't make any sense but but we did have new for one.
Or at least his pack.
Picking on the capital part of capitalism that doesn't seem to make sense it makes no sense to me.
So with it would -- it was at a deal breaker I know you're you haven't.
Chosen a candidate but would that be a deal breaker for you effect continues on into the into the campaign yeah look I think what what I'm hoping.
Is that we have a brokered convention.
Interesting do you think it's a real possibility.
Look at you know under the new rules under new rules it's not winner take all.
They get here proportionate share of the delegates.
And we get to the convention in you don't have 15%.
-- more.
You know -- the nominee.
And now may be a brokered convention would get us -- right -- -- and and of course -- does not in Virginia and their a couple of other reasons why might go into the convention.
If that happens might we have a new candidate that has not been running these past couple we absolutely.
Why absolutely Mitch Daniels for example the guided answered the president the other night vision did a great job.
He did a great job.
And I think -- -- there was a there was a comment from.
Charles Krauthammer after he gave his rebuttal to the -- he said.
You can here in the United States a collective sigh of all the Republicans who were wishing that he had been the candidate were you one of those who were signed.
I think you probably there was a -- you heard it.
So what is it that he has that the other guys don't well looking got a lot of experts number one is that a great job in Indiana.
Young governor of Indiana -- -- and -- was up against great odds by the way in the beginning it was a lot of push back from the legislature but he got what he wanted to.
Absolutely.
He's would be great candidate he understands -- he's he's been a Washington he's been a governor.
Demands that -- -- he'd be very good.
But right now it's -- news yes and there is an open revolt buttered up his -- Drudge is where about every article is about how people were piling on -- But the other -- it's everybody piling on bit so where does Wall Street.
Wanna go here between -- new bond.
I think that right now -- should they be back in room.
Backing Romney because of his experience.
Actually dealing with capitalism itself.
I believe -- and look I think.
There's a lot of reasons why.
Way -- -- got some he's got some problems.
But that aside.
Business who wants.
Lower tax rates to create capital.
Formation.
Create jobs we also don't want to be over regulated we need regulation.
We need you need consistent.
And interpreted and intelligent regular clear rules that -- if you look at what happened during the crisis.
Regulators failed -- their job.
They just failed.
You in this chapter and verse about that.
And so -- yes you need regulation we need intelligent regulation and consistent regulate could we get that from new.
Yet from anybody but -- but you gotta get the right ones and you just can't pick you know anybody to be a regulator.
And -- we just we just didn't have the right group together.
So how do you see all this boiling down -- mean if if there is not a brokered convention -- be fascinating if there was we have have one of those -- time.
And if it is either knew or met.
Could one or the other definitely -- bombers are going to be a -- -- You know depends on what happens in the economy number one economy is getting a little bit better.
And that's going to be.
An issue obviously jobs are gonna be the issue in this in this in this coming election -- no question about that.
And you have done -- -- and America is.
You know governments don't create the jobs -- private sector creates the jobs and if you strangle the private sector -- And rely on government create jobs will be going down the same path as Europe yeah.
That -- thing we want to do.
No particular since -- crashing now.
You said that Wall Street probably favours emit more does that mean that more money would come from Wall Street's admit that it would go to new I think that's just Wall Street I think.
Country you think Wall Street -- given up on -- -- or they still gonna spread their bets around and include him.
I can't be for Wall Street but I think I think a lot of -- -- speak for Wall Street more and I can't anyway more and a lot of people can't but today it's interesting how Wall Street had such.
Was it was willing do you to give -- such a break for years ago I don't seen them willing to do that this time -- of I don't see that in.
And I don't you and Greenberg by the way is a -- ever going to be -- bullish -- sell the shares of AIG I think they own about.
One point nine million shares right around 77%.
To the company's.
And the stock is underwater listening they nationalize the AIG.
-- we ever gonna be able -- sell.
Well if you wait long enough from the -- of human action Hank Greenberg great to see it would you be taken giants or jets he -- tell us.
I think they're both great thing but OK but pay giants over the patriots.
And good to see you -- well -- is not a fan Arizona.
