Greenberg, a 40-plus year veteran of AIG, appeared on television program, "Good Morning America" Wednesday morning saying AIG has value and "is a very healthy company; it's a global company, and it's a great national asset." But in the same breath, Greenberg continued: "And for this company to be impaired because of a shortfall in cash at the moment is not in the best interest of our country."
Some would argue that Greenberg may be overstating AIG's financial position because he still owns around 13% of the company. But when asked about how AIG fell from grace, Greenberg said, "Many things contributed to this unfortunate episode. ... After I left the company, all the risk management procedures that were in place were obviously dismantled. I can't explain that. There was a new board of directors. One should be asking this board of directors what they did and why." - Gerald Magpily
See video of Greenberg on ABC's "Good Morning America"
Former American International Group Inc. CEO Hank Greenberg's reported merger discussions for the U.S.' largest insurer never materialized in a bid. Instead the Federal Reserve came to the rescue of AIG with an 
