The NY Times looks at how former AIG head Maurice Greenberg is building a new company that one person called "A.I.G. Two"—especially since he's "raiding people out of 'A.I.G. One.'" Which could be nice for AIG execs who now face limited pay. The problem? The Times says, "People who work in the industry say that if he is already luring A.I.G.’s people, he may soon be siphoning off its business and, therefore, its means to repay its debt to the government."





Economics 101: Government should avoid running competitive businesses because competing private firms will go after the limited talent pool with better compensation.
Because those people from AIG One were a smashing success.
Greenberg says that all the shenanigans happened after he was forced out. Go Mo!
( He'll never live to see it.)