Posted by Todd Zywicki: Hank Greenberg Opposes AIG Bailout: http://volokh.com/archives/archive_2009_03_29-2009_04_04.shtml#1238757222
John Hinderaker has[1] excerpts from Hank Greenberg's testimony in Congress. Greenberg was the former head of AIG who was hounded out by Eliot Spitzer. My friend David Skeel has making a lot of noise lately arguing that Chapter 11 is an appropriate mechanism for resolving the distress of financial companies, including Lehman. He had a piece in the [2]WSJ last week and there was an interesting piece in the [3]WSJ yesterday that amounted to a profile of his idea. I find David's arguments on this point quite persuasive. References 1. http://www.powerlineblog.com/archives/2009/04/023233.php 2. http://online.wsj.com/article/SB123811070760052941.html 3. http://online.wsj.com/article/SB123860761117578957.html _______________________________________________ Volokh mailing list Volokh@lists.powerblogs.com http://lists.powerblogs.com/cgi-bin/mailman/listinfo/volokh
