Daily Show host Jon Stewart shredded former AIG head Hank Greenberg for arguing that the federal government stiffed his company with a $184 billion bailout package six years ago, saying his company did a lot better than the average person did asking for a loan from AIG.
“Hello, Mr. Greenberg,” Stewart said, impersonating a loan officer. “You’ve asked us for $184.6 billion for 90 percent of your company, which is only worth $15 billion … go f*ck yourself.”
Stewart pointed out that, while the U.S. paid more than 1,000 percent of AIG’s market value at the time of the bailout, Greenberg filed a lawsuit painting himself as a victim of government extortion.
“You’re angry that they wouldn’t lend to you at less than 14 percent,” Stewart said. “Yeah, we hate it, too, only we call it having a credit card. And we don’t sue over those rates because we can’t.”
As a rule, Stewart said, extortionists and kidnappers try to extract money from their victims — not take their dog, force them to accept a large cash payment and then return the dog anyway. He also shot down Greenberg’s claim that AIG’s bailout terms were less favorable than those offered to banks like Citigroup and Morgan Stanley.
“Your loan terms were worse than the banks’ because you were insolvent. You should know how that works — you’re an insurance company,” Stewart said. “Putting the screws to people in their lowest moments is what you do.”
Watch Stewart’s commentary, as posted online on Thursday, below.