Former AIG chairman Hank Greenberg invests $10 million in Jeb Bush

[RunInRed 19,633]

Elizabeth Warren nails it ...

So let’s get this straight: CEO Hank Greenberg ran AIG as it recklessly gambled on mortgage-backed securities – and left just before his company took a $182 billion bailout from the Bush Administration. Once his Republican friends were out of office, Greenberg sued the Obama Administration because – get this – the bailout wasn’t generous enough for him. And now, Hank Greenberg is giving $10 million of his AIG fortune to try to save Jeb Bush’s dying Presidential campaign.

I’m not sure what’s more disgusting: That Jeb Bush is pinning his Presidential hopes on his brother’s bailout money, or that bailed-out CEOs are trying to buy elections. This is business as usual for Wall Street and Washington insiders, and it stinks.

http://www.politico.com/story/2016/01/hank-greenberg-jeb-bush-217439

[MDM4AU 339]

Yep.

[TheBlueVue 177]

IMO this is like putting $10 million on a hard eight in a crap game in Vegas.....its a one roll bet and it rarely, if ever, comes up unless you bet it on every roll.

What waste of money. Jeb has absolutely NO CHANCE of winning the republican nomination. He has already spent $40 million..more than ANYBODY in the field and he's not even in the top 5. Bless Jeb's heart he has a problem that money cant fix.

[homersapien 12,851]

IMO this is like putting $10 million on a hard eight in a crap game in Vegas.....its a one roll bet and it rarely, if ever, comes up unless you bet it on every roll.

What waste of money. Jeb has absolutely NO CHANCE of winning the republican nomination. He has already spent $40 million..more than ANYBODY in the field and he's not even in the top 5. Bless Jeb's heart he has a problem that money cant fix.

That wasn't exactly the point.

[AU_Tiger_88 417]

Happens on both sides of the parties which is why these things should be criminal. Many people lost good money while these fat cats made bonuses.. and on the other side political favors were done for contributions to a certain foundation....

[Guest NC1406]

Many seem to be overlooking the point that the AIG bailout also included a provision that gave the US government a 92% ownership in the company. That ownership has now been sold at a profit in excess of 23 billion. Obviously AIG overextended in their operations. The same could be said of GM as well. Not sure what the profit / loss was on the GM bailout but I will go look it up. I was a big loser on AIG stock (along with many other stocks). Not happy at all but even less happy with myself for allowing a "wealth manager" handle so much of my personal finances.

[AURaptor 1,137]

Jeb ?

[TheBlueVue 177]

Jeb ?

I know, right? Jeb who?

The establishment darling is sitting on 5% and that's being extremely generous. Seeing that, some rich dude throws $10 million at him like that's going to fix his problem..That money could have actually made a meaningful difference in the world but will end up at the bottom of a black hole instead..