Saturday, March 21, 2009

House of Mammon III

The sordid tale of greed at the House of Mammon (AIG) took another sickening turn of the screw as the NYT reported the insolvent insurance giant is suing its 80% owner, the federal government, for return of $306 million in tax payments.  Some of the taxes were imposed on offshore tax havens set up for executive compensation through C.V. Starr & Company controlled by Maurice R. Greenberg former AIG chairman and Starr International Company of Panama.