WATCHDOGS WITH EYES WIDE SHUT

摘要

Where were the watchdogs? State and federal investigators are examining the accounts of insurance giant American International Group Inc., drawing out super-investor Warren E. Buffett, and sparring over Fifth Amendment rights with ousted AIG Chairman and CEO Maurice R. "Hank" Greenberg. But the feverish enforcement activity obscures the fact that AIG's admitted misstatements—so far worth, by the company's estimate, $1.7 billion to shareholders—and other industry transgressions went undetected by many of the same agencies, in some instances for 14 years or longer.