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Plays while the battle -- -- Hank Greenberg in New York attorney general Eric should not adamant and I it's heating up.
Fox Business has led the Green Bay is now asking members of congress to investigate she vitamins activities from.
Fox Business senior correspondent Charlie Gasparino -- -- -- this -- exclusive people get.
He's just shortly got a point out here three guys on the set -- what it isn't on Saturday and -- -- Rodham Gergen -- bargaining.
You because mom yet okay there's nothing I -- that yes he's asking congress to do this he's approaching.
The house financial services committee to basically investigate whether Schneider in is politically motivated -- his -- in his case against and how this is an eight year old case.
As we pointed out most of the charges have been dropped who haven't been dropped.
But Greenberg believes there's enough fire here to get congress to act on this guy because if you look at its targets it's very interesting.
You know MF global -- never it never addressed right New York based company big scandal Jamie -- Hank Greenberg.
You can you know draw your own conclusions and I think you know.
I can't tell you that the that the house financial serves committee is gonna go for this -- -- you know this is kind of that is politically interest in territory this is a sitting.
New York attorney general -- -- duly elected.
-- but there is some issues here with a New York attorney general does overstep his bounds legal bounds using.
What you brought up in the break something known as the Martin -- -- in New York State specific law.
It's incredible powers you can basically put someone in jail almost -- excuse him.
For parking ticket about -- the no right to counsel them if they -- you know there's no adult debauchery of the bar of intent is very low yeah and so that's what he's using that who who develop this tool I mean.
Eliot Spitzer as we all -- -- it to become to become governor that was the template I will say the difference between snyderman Spitzer is this out and by the Wall Street Hobbs hated Spitzer.
He brought the initial case against Hank Greenberg over accounting.
It alleging accounting improprieties we should point out -- most of the -- been thrown out who haven't and they're pretty legally dubious but Spitzer.
Did bring some good cases the question about snyderman is what people asking.
This guy you know where's the beef on a lot of these cases you know he brought he brought this case against -- guess what JPMorgan.
It was it was for -- that we've done when -- in the Bear Stearns subsidiary and JPMorgan was forced essentially to -- during the financial crisis in this case against Greenberg which I can tell you.
It's bipartisan Mario Cuomo.
Rudy Giuliani and governor protect people's mind that this case is a waste of taxpayer money we do we should point out that we do have statements from both snyderman -- Greenberg.
And this is where it's interesting they are like going out and if we had sound effects I think and I thought it -- -- screeching or -- that but we have we have the statements for -- anything Greenberg as they are they are insisting that he.
Think they go out gently here we go again attorney just item is exercising his authority on the New York State look to hold people accountable for their actions he basically takes a shot -- Greenberg later on lives we talked about him no matter how many good -- -- -- -- you know.
In congress it's not gonna stop them.
This is -- from the incurred this continuation of this the confuses now admittedly symbolic vendetta he calls it.
Who is a waste of taxpayer resources so there you go they're going -- -- it's going to be played out I think in congress.
Greenberg we should point out is not personally going to congress -- got some email from what represented.
He hires people to do that but at the LA times and you know I think it would go I think we made it to my ankle -- -- -- -- It is -- me enough to something greater than I can do well for job passer -- good -- you know -- -- looks good that somebody does work out listen.
Yes I mean it's no joke that -- is no secret that that office is a political steppingstone.
I'm I think what would kind of -- bothers people and I think particularly Greenberg case.
Is just you know it's a useless at this point you know Hank Greenberg was thrown out essentially -- ideological case I get to -- -- -- anyone.
That was it that's legally dubious to there's been a federal case against he was thrown out.
In 2005 Spitzer charged him with sick with the various you know violations of the -- -- securities for a as New York's attorney general most of those charges got thrown out all except -- -- they're pretty weak he charges so why.
Are you going after this guy he's 88 years old it's -- A quick and all right -- As they see the deadline is approaching what is this deadline and you've got a book it right what's great about the auto lineup it's approaching a week after -- -- the the the statue limitations when it and the July.
It's a week after my book comes in my book on -- -- -- get my book comes out -- -- circle friends it's about the insider trading case the pursuit of Steve Colin it comes out.
July 1 publicity starts July 8.
And then you know sometime right after that may not going to be really important though -- -- and it's a story the way if if they don't charge him it's a huge story because we see massive redemptions out of SEC right -- the local investors believe he will be -- If they do charge and it is Steve Cohen is one of the big great.
Traders of all time when I'm running when the most successful hedge funds but you've reported he's kind of waxing poetic what will be will be -- endorse state getting philosophical he's told friends he told -- -- -- a friend is Fox News.
And news contributor.
That you know senator -- -- whatever is to be used to be the case -- sort.
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