William Cohen's testimony during the 9/11 hearings
www.reasons-for-war-with-iraq.info/william-cohen_...
Traducir esta páginaDuring the 9/11 hearings, William Cohen, the former Secretary of Defense under President Bill Clinton, testified that the manager of this al-Qaeda funded ...
William Cohen's testimony during the 9/11 hearings
911justicecampaign.org/suspected-9-11-criminal-coconspirators/
Dov Zakheim — Pentagon comptroller when trillion dollars reported missing on ... Zionist; Shul Rabbi; former CFR member; former CEO of fly-by-remote manufacturer; ..... Maurice Greenberg — CEO of American International Group (AIG) on 9-11 .... A Prime suspects would be William Cohen, when he was Secretary of ...
Suspected 9-11 Criminal Coconspirators ...
911justicecampaign.org/suspected-9-11-criminal-coconspirators/
103 Suspected 9-11 Criminal Coconspirators George W. Bush — eldest son of Bush ... was at Pentagon on 9-11; once slipped and said “when that missile hit the Pentagon” ..... Maurice Greenberg — CEO of American International Group (AIG) on 9-11 ... - Dov Zakheim — Pentagon comptroller when trillion dollars reported missing on 9
-10-01; ... Shul Rabbi; former CFR member; former CEO of fly-by-remote manufacturer; ... personally scuttled the work of Kenneth Williams in July 2001 and Coleen ..... MauriceGreenberg — CEO of American International Group (AIG ) on 9-11 ... Mask of Zion: The 9/11 Delusion: Israel's False Flag ...
www.maskofzion.com/2011/09/911-delusion-israels-false-flag.html
Sep 17, 2011 - It was Rabbi Dov Zakheim's Tridata Corporation, a subsidiary of .... For the record, Cohen worked for Greenberg's AIG before being tapped by Bloomberg. ... Just before 9/11, Zakheim's firm entered into an agreement with the Pentagon to .... Alexander and his Comverse partners, William Sorin and David ...
HOW A CORPORATE ICON CRUMBLED
(FORTUNE Magazine) – ON MARCH 14, MAURICE "HANK" GREEN- berg resigned as AIG's CEO in the midst of a state and federal investigation into whether his company used nontraditional insurance, or "income-statement smoothing," products to improperly boost AIG's reserves. The business world was stunned by Greenberg's sudden departure after 37 years at AIG's helm. But perhaps no one was more astonished by this turn of events than Greenberg himself.
Until recently Greenberg appeared confident that he had resolved AIG's issues with nontraditional insurance. Last November, Greenberg announced that AIG would pay $126 million in penalties and fees to the Securities and Exchange Commission and the U.S. Department of Justice to settle complaints arising from AIG's sale of such products to PNC Financial Services. AIG also agreed to appoint an independent consultant to review additional deals where it sold such insurance that affected the balance sheets of other companies.
Until recently Greenberg appeared confident that he had resolved AIG's issues with nontraditional insurance. Last November, Greenberg announced that AIG would pay $126 million in penalties and fees to the Securities and Exchange Commission and the U.S. Department of Justice to settle complaints arising from AIG's sale of such products to PNC Financial Services. AIG also agreed to appoint an independent consultant to review additional deals where it sold such insurance that affected the balance sheets of other companies.
On the face of it, the November settlement was a crushing blow to Greenberg. In truth, however, AIG had dodged a bullet. FORTUNE has learned that AIG's attorneys fought successfully to keep the independent consultant from delving into deals in which the company might have used nontraditional insurance to manipulate its own financial statements. (An AIG spokesman strongly denies this.) This, of course, might have led the consultant--James Cole, an attorney at law firm Bryan Cave--to fish around in AIG's books. No wonder Greenberg sounded triumphant when he unveiled the agreement. "This comprehensive settlement brings finality to the claims raised by the SEC and the Department of Justice," he proclaimed in a press release. "We welcome this enhancement to our overall risk management and control mechanisms."
AIG's tactical victory was short-lived, however. Within months the SEC learned that AIG might have boosted its own reserves improperly through a nontraditional insurance deal with General Re, a subsidiary of Berkshire Hathaway. It also appeared that Greenberg was personally involved in the transaction.
When the SEC confronted AIG, the company tried to ward off a new probe by brandishing the settlement, arguing indignantly that the agency was trying to reopen a matter that had already been put to rest, says someone familiar with the investigation. The company dropped this defense when the SEC informed its lawyers that they were looking into the General Re deal. When the company's independent directors--including former NASD chairman Frank Zarb and former Defense Secretary William Cohen--learned that Greenberg might have been directly involved, they informed investigators that they, not Greenberg, would handle AIG's response. It wasn't long before Greenberg, who turns 80 in May, resigned. His successor is former co-chief operating officer, Martin Sullivan.
Greenberg remains nonexecutive chairman of AIG's board, but it's not clear how long he'll be able to hold on to that title. Neither the SEC nor New York attorney general Eliot Spitzer is trying to push him out of AIG completely. That may change after the former CEO, who has been personally subpoenaed by the SEC and Spitzer, sits for a long-awaited deposition. Greenberg may have more immediate problems with the independent directors.
Greenberg jetted off to China after his resignation, and according to someone familiar with his thinking, he is convinced he did nothing wrong. Then again, the insurance icon may be on shakier ground than he realizes. No matter how hard he tries, he can't get AIG's nontraditional insurance deals behind him--and this time, there is no settlement in sight. -- Devin Leonard
No comments:
Post a Comment