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Rep. Manzullo Questions AIG CEO Edward Liddy about controversial bonuses

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Uploaded by on Mar 18, 2009

Congressman Don Manzullo (R-IL) questioned AIG CEO Edward Liddy today about the fairness of giving $165 million in taxpayer funded bonuses to the very executives who helped drive AIG into the ground. The questioning took place during a hearing in front of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

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  • Manzullo's failures: (1) Liddy says he was told retention contracts could not be altered but later says he terminated some regardless--Liddy did not confront that incosistency; (2) He categorizes some as those responsible for the company to "go sour" but does not define it -- Liddy takes advantage and plays with the scope of who falls under that term; (3) He did not ask what criteria were used to decide whose contract to kill or not -- Liddy made the decisions, he knew.

  • are you guys fucking dumb asses?ed liddy was asked BY THE US GOVERNMENT to take over this company after they put up the money. he came in with these contracts in place. how can they in turn blame the guy for something they put him into. and by the way the guy left his retirement to do the country a favor for a grand salary of $1

  • Drug addict? Soft serve cliche response man! Yes, you should be mad! If your not? Your scrotum should be strung up with the rest of these delinquents who think that banking on peoples ignorance is legit. Lame.............

  • Manzullo kicks fuckin ass! make this man a general!!

  • The way Rep. Manzullo puts it, makes the CEO look stupid. lolz

  • We wouldn't be in this situation if he had never bailed them out. If I gave $20 to a drug addict, should I get angry when that addict uses some of that money to buy drugs?

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