Fed Calls Consultants to Treat AIG, Stricken Markets (Update1)
Bloomberg.com, February 2008
Feb. 6 (Bloomberg) — Every Sunday night, New York bankruptcy lawyer Marshall Huebner spends a 13-hour shift on call as an emergency medical technician. His day job involves work on another sort of rescue: The government’s $152.5 billion bailout of American International Group Inc.
“There’s a stronger parallel than you would think,” Huebner, a partner at Davis Polk & Wardwell, said in an interview. Helping resuscitate the insurance giant takes “a lot of the same qualities that I think stand you in very good stead with emergency medicine — the ability to remain calm in almost any situation, and the ability to assess, triage and treat, even in a crisis.”
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