NEW YORK (AP) — Four-and-a-half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me.
Greenberg is the man who spent nearly four decades building AIG into a global insurance power. AIG is the company that nearly collapsed under the weight of toxic mortgage securities and insurance contracts and had to be rescued by the government.
In a new book, "The AIG Story," Greenberg faults others for those failures. In his version of the company's history, he's a hero and a victim.
Greenberg was gone by the time AIG nearly failed in 2008, having been pushed out three years earlier during government investigations into accounting irregularities. He blames his successors for the company's implosion and scoffs at any suggestion that he might have created the conditions for it.
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