You are hereNY Times: Ex-A.I.G. Chief Hosts Perry Fund-Raiser

NY Times: Ex-A.I.G. Chief Hosts Perry Fund-Raiser


-By Michael D. Shear

September 20, 2011- Rick Perry minces no words in declaring what he thinks of the 2008 TARP bailout of big banks, saying in his book that such programs “turn America upside down, totally undermining the idea of limited government, free markets and federalism.”

But on Tuesday, Mr. Perry will be the guest of honor at a high-dollar, New York fund-raiser thrown by Maurice R. Greenberg, also known as Hank, the former chief executive of the American International Group, a company whose spectacular collapse helped set the stage for the bailouts that Mr. Perry dislikes.

Mr. Greenberg led A.I.G. for decades and was accused of fraud by the New York State attorney general before leaving his post in 2005. The company ended up taking more than  $180 billion in federal aid, including more than $40 billion from the TARP program.

The bailout is not, of course, mentioned on the invitation to Tuesday evening’s reception, which is billed as part of Mr. Perry’s “Big Apple Kickoff.” The reception will be at The Lotus Club and is listed as requiring a contribution of $2,500 per person.

Mark Miner, a spokesman for Mr. Perry, dismissed the connection between Mr. Greenberg and the bank bailouts.

“Doesn’t change the fact that Governor Perry was and continues to be against the bailout,” Mr. Miner said Tuesday morning. 

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