Jan. 9 (Bloomberg) -- Hank Greenberg, former chiefexecutiveofficer at American International Group Inc., saidGoldman Sachs GroupInc. is responsible for the collapse ofthe insurer during the economiccrisis, the Wall Street Journal reported. “It certainly wouldn’t be difficult to come to thatconclusion,” Greenberg is quoted as telling the newspaperyesterday.
Greenbergblamed new standards for credit-default swaps --pushed by Goldman orDeutsche Bank AG, he said -- and subprime, housing-backed derivativessold and then shorted by Goldman as contributing to AIG’s collapse, thenews paperreported.
“Mr. Greenberg appears to basehis views on newsreports rather than facts,” Lucas van Praag, aGoldmanspokesman, said in an e-mail to Bloomberg News. “Itisinteresting that he doesn’t mention the devastating conclusions aboutAIG reached by the company’s ownauditors.”