Word: hanke
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...Here AIG seems an unlikely candidate for the company that could bankrupt the planet. Founded 90 years ago in Shanghai, AIG moved its headquarters to New York City as the world headed toward war in 1939. After Maurice R. (Hank) Greenberg took over in 1967, AIG consolidated its global empire. By the time Greenberg was forced out in an accounting scandal 38 years later, AIG had become one of the world's biggest public companies, with sales of $113 billion in 2006 and 116,000 employees in 130 countries, from France to China...
LaRoe started getting calls immediately. People who had pledged to invest half a million dollars were dialing back to $200,000. Those who had been offering $200,000 were opting out altogether. Throughout the fall, the hits kept coming. Washington Mutual collapsed. Wachovia was sold off. Treasury Secretary Hank Paulson went before Congress begging for money, looking as if he'd seen a ghost. "It got to the point where I didn't want to pick up the paper or turn on the TV," says LaRoe. "The mantra I kept singing was 'This is perfect, guys. This is perfect...
...some ex-officials, the whole thing smacks of politics and hypocrisy. They say Congressional leaders from both sides of the aisle were thoroughly briefed about CIA operations, including details about interrogation techniques. "The leadership was fully briefed, and there was no objection at the time," says Henry "Hank" Crumpton, who headed the CIA's operations in Afghanistan after 9/11...
...country's banking system was effectively nationalized in October when then Treasury Secretary Hank Paulson called the heads of the nine biggest banks into his office and told them they couldn't leave before agreeing to take billions of dollars of government money and hand over ownership stakes in return...
None of this means Geithner will be a success as Treasury Secretary. He's still got to actually succeed at nursing the financial system back to health. "Hank [Paulson] was in emergency-room care," says Paul McCulley, a managing director and head of the short-term-bond desk at money-management giant Pimco, "whereas Tim is still in emergency-room care but also preparing a room for further care after the emergency." He at least shows signs of having a good bedside manner...