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Maurice “Hank” Greenberg slammed the federal government for taking nearly 80 percent ownership of AIG as part of its financing deal to bail out the firm he led for many years, saying the result was an unnecessary nationalization of the company.

In a follow-up interview on Sept. 17 on the Public Broadcasting System’s “Charlie Rose Show”–the day after the Federal Reserve provided American International Group with an $85 billion bridge loan in return for a 79.9 percent stake in the company–Mr. Greenberg said the loan itself was not a problem, but the equity takeover was not acceptable.

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