Instead of publicly barbecuing a few big-name crooks, the Securities & Exchange Commission should punish systemic corruption
Why is the Securities & Exchange Commission considering using its rather limited resources to bring charges against former AIG (AIG) chief Hank Greenberg? Are there no more pressing concerns on the docket?
To be clear, I am no apologist for Greenberg, but prosecuting the 83-year-old insurance executive amounts to the proverbial beating of a dead horse and is an egregious waste of limited SEC resources—particularly given that he was ousted from AIG three years go (since then, another CEO, Martin Sullivan, has come and gone).
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