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FBN’s Charlie Gasparino on Hank Greenberg’s new book on his experiences at AIG.
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-- -- -- -- -- What -- Greenberg is back with a new book and an -- -- denial about his relationship with a -- top prosecutor Charlie Gasparino.
As the late last at least juicy details -- well you know leave it stems from -- -- -- didn't.
With anchor early yesterday.
Fox Business Network it should be on on foxbusiness.com.
And -- my Twitter page you wanna watch it but I reveals some of the highlights was pretty interest in.
Hank long time she would you know let's face it AIG people forget you know which would basically -- -- -- I -- you know he.
Believe he worked for you know sight I forget the gentleman's name Vander Starr Cornelius Vander Starr.
Who was the first I guess the guy who blew it did did AIG but he built the from a very small company into what was the largest -- Company in the world that time before he was ousted.
In 2005 by the combination of his board and Eliot Spitzer scare -- -- board to force amount.
And doing so by it was some accounting I would say they were irregularities will be fewer big deal we should point out that those charges -- -- -- dissipated in the conditions.
-- is now written a book about his experience at AIG both.
-- was thrown out why he says he was thrown out why.
What Spitzer did wrong with the board did wrong.
At what happened AIG after -- remember AIG he left the 2005 right between 2005 and -- 2008 AIG.
Tripled the amount -- -- it took not an insurance -- tablets and -- in this sort of derivatives business and we know it or dodges it doubled.
You know that turned out that destroyed the company.
Took a massive government bailout which went out and talk about in this interview about how he's suing the government -- -- -- that was unconstitutional.
Just destroyed shareholders there was all the way to do open up.
As he put -- the discount window like you did for banks give them access to liquidity -- -- this difference here is is a bailout fund for others like they basically.
Bailed it out.
Totally screwed over the shareholders he was one of the major shareholders.
And I said you know we -- really look at this and to be if you I and I believe this to be the case.
The troubles of AIG started.
By getting rid of view I really do believe that you know much saving did -- brace for -- -- -- he was a better management and the guys can because they just went nuts with it.
When he left -- it's right on paper.
But not -- that.
He was he left he was forced out by Spitzer Spitzer wanted him out.
For these I would say they were -- accounting irregularities compared to what we know went on and injured -- financial crisis.
And so it knowing that.
Knowing that Hank really expect to -- is another big time urban legend for years now that Spitzer who remember he became governor after turning a general.
And he designed he was involved in a prostitution -- in the scandal was about prostitutes her body expects Hank Greenberg.
Who recently blew the was already hired a private investigator who's -- it's it's -- -- the theory -- it's very hard to get caught.
Procured Coke -- from one of these you know upscale escort service escort services.
So I guess that and he got a good chocolate and he.
But it's all on the air and -- -- -- on -- is -- up.
Yeah I tried to figure out -- that I answered is -- because I mean the story goes you prefer that it was Hank and all the other corporate executives that -- madcap lingo.
But in the mid may -- Dick Grasso.
All these -- people that there -- -- into the private investigator or they follow the -- you know the -- Edgar Blanco what's that there.
A crazy interview with CB seems to view that I actually helped set up now we've suggested that he knew about the hookers before hand.
And David.
What -- said.
These new -- -- -- he'd do it he doesn't -- Spitzer really.
I mean did it to himself that he -- were drug money out of bank and in certain quantities that tide of red flags of potential -- -- -- a terrorist take money out the cops looked at it.
But wait a minute and then they traced the body each -- But if I was at old empire club -- it was -- they might like crazy and anyway and it made it made careers tour.
Ashley Dupree yes -- -- us and household name -- councilman repeat credible -- -- of course if you are active on.
Donna now knows you say that right -- to what I've read about here is she's happily married this year except for.
-- but it how how much too detailed as -- giveaway in the book that I always wonder about that I didn't read have to.
-- I didn't read the whole book yeah electorate I got a review copy early on -- -- does it if if you're into the quote if you're at the corporate -- which I am right now cutting -- prospective.
It gets its a lot of detail how was created what went out what went out I will say this -- -- may -- the drawback and young to -- -- -- all these.
You know books -- by fields -- -- story.
Having you know don't expect it to say one -- -- his view he doesn't take a lot of -- I will say though in retrospect -- kind of read some reviews or news reviews -- really tough.
People are likely Susan and to look effort was really -- they thought it was like you know should be the fiction section.
I will say this.
I know.
That if Hank was in no way that the risk taking with -- gone to that extent to that extent and the risk taking go to that extent is which destroyed the company.
If -- had the risk taking of the hike it would have been destroyed -- against arena thank you so OK fascinating stuff.
