Zachary Roth April 2, 2009, 10:35 AM

Greenberg:

You don’t have control, and you don’t have management oversight, things can go wrong. And they did.

…

I think they got greedy. I think they wrote considerably more business than they should have.

Hard to argue with that. But it only happened after Greenberg left, of course.

Also: this is coming from the man whose net worth was rated by Forbes at $3.6 billion in 2004.

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