Tuesday, April 19, 2005


Irwin Stelzer discusses the effects of the "Spitzerization" of AIG. Besides the shabby treatment of Hank Greenberg and the dilution of legal protections resulting from Spitzer's aggressiveness, Robert Rubin, a likely Spitzer supporter, may replace Greenberg. Also, Ben Bernanke's stock has risen, making the inflation hawk a likely successor to the more flexible Alan Greenspan as Fed Chairman; for Martin Feldstein, the previous favorite for Greenspan's job, appears to have been asleep as a board member of AIG.


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