And to think, when I fired them as my insurance company, they asked me why

[MrScorpio]

That was a true story!

[onehandle]

1. Nationalize Insurance! nt

[lastlib]

2. especially HEALTH Insurance!!!

[onehandle]

3. Energy, Banking, and ALL forms of Insurance.

Seize their assets and nationalize.

[1StrongBlackMan]

4. No ...

Don't seize their assets ... just use the government's participation in the market to either make them change (to compete) or exit the market. That's what happens in the "free market", that conservatives claim to love ... while allowing themselves to believe that the government is not a market player.

[Baitball Blogger]

5. Chutzpah, American style.

[JDPriestly]

6. Lesson: Don't invest in companies that a) overpay their executives and b) don't give you a real

voice in what they do.

If a company is too big to think about small investors, it doesn't need your money.

[1StrongBlackMan]

10. I'm sure that ...

In Greenberg's mind, he is ONLY looking out for ALL AIG investors, large and small; the fact that he stands to benefit, in a big way, from this suit, is merely coincidental.

What drives me nuts about the current state of corporate governance is, on the one hand, corporate boards have a fiduciary duty to ensure share-holder value; but they continue to allow naked self-dealing when it comes to executive compensation. They are quick to argue for the primacy of wage pressure; but only for the wage-earners, i.e., non-executives. "We pay our employees what the market will bear. For every job, there is someone out there, qualified and willing, to do it for $1.00/hour less." But this sacred free market principle simply does not apply (is not applied) when it as it comes to the C-Suite. They wish us to believe that there is no one out there willing and able to do the CEO function for $1,000,000 less. But every other non-western corporation seems to be able to find CEO caliber candidates, that consistently out-perform their western counter-parts, for significantly less.

I think it's a cultural thing.

[JDPriestly]

14. I agree completely. Thanks.

[kairos12]

7. Somewhere Kafka is Smiling

[ChazInAz]

11. I wish...

...they'd turn into cockroaches and scurry away.

[efhmc]

8. Amazing!!!

[Sheepshank]

9. Tax payer gets soaks by these guys twice.....AND they want your premiums? Yeah, sure.

[KurtNYC]

12. Next AIG will sue OWS for not stopping their default swaps.

[Manifestor_of_Light]

13. I fired my insurance company

when the dumb broad I was speaking to did not understand me when I said I wanted a "dwelling fire" policy. I own two houses and I needed a "dwelling fire" policy for the one I DO NOT live in and I rent out.

She couldn't get the concept so I wrote a letter to the head agent of that office and to the company, and they of course ignored me.

They were not "on my side".