Two obscenely rich Jews are facing off in the New York Times over Hank Greenberg’s suit to recover millions of dollars for US Government
actions regarding AIG during the financial crisis. Greenberg says he was cheated by the
government, although his old AIG insurance company was bankrupt and threatened
to destroy the financial system unless it was rescued by the government. Steven Rattner, who was the “car czar” during
the meltdown attacks Greenberg for trying to profit from a situation that his
company created by its poor business practices.
Rattner, whom I really like on “Morning Joe,” is of course
right. I congratulate him for not
standing by Greenberg in some kind of Jewish solidarity. Rattner is correct in his closing statement
that “Average Americans [me] already feel distaste for Wall Street and rich
people; bringing these rapacious lawsuits can only unnecessarily exacerbate
class tensions.”
The most generous interpretation I can put on Greenberg’s
action is that he is embarrassed by the fact that his company was so poorly managed
that it made him and the people who worked for him look like incompetent
fools. Winning a lawsuit might bring him
a little redemption. But for now
Greenberg remains a very rich, stupid, incompetent fool. He is proof that you don’t need to be very
smart to make lots of money; you just need to be very greedy, unfeeling, and
probably somewhat dishonest.
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