AIG's Poor CEO: News Current

Edward M. Liddy, who took over the helm of AIG in September at the government's request, discussed the $165 million AIG gave to some of its executives. An intense Q&A then followed Liddy's introductory remarks.

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News & Politics

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[JAROSLAVAGINA]

i like how these crooks in DC act all tough, knowing full well this guy is a scape goat for them.

[rjbonacolta]

I wish the government had bought out starbucks instead, then at least we would own something profitable.

[dsspike51]

i know this happened a couple years ago, but one solution may have been simply to issue post dated cheques, dated for after bailout cash was repayed.

[PerplexedWalrus]

Considering the federal government bought enough stock to own the company, although they do not because of section 13 of the federal reserve act; however, they do have the ability to replace management. On top of that, AIG did not accept this bonus, it was forced. The only reason why AIG was bailed out is because at this point it is crucial to the economy.

[langerCAN]

I agree that Enron was much more at fault than those who accepted bonuses, but all I'm saying is that the names of those people should remain confidential... Enron didn't happen during a time of global financial crisis, soI just feel like the CEO's decision to politely refuse to reveal those names is reasonable.

[Hobgoblyn]

Enron used illegal business practices to monopolize and then restrict the electricity supply to California to line their pockets with gold quite literally killing some people in the process and did so intently, knowingly and callously.

These AIG guys are not nearly as bad. They just took the bonuses their badly drafted contracts promised to deliver as a standard part of their pay schedule-- and many returned or rejected them.

[newyork142536]

So AIG accepting bonuses from the bailout bill which had no stipulations about not recieving bonuses really has a lot to do with your people not having 401K's in your district Lynch? So AIG has to spread the wealth around like Obama wants, and give everyone money? That really makes sense. You are facist communists Frank and Lynch because you are trying to take control of businesses to push a communist agenda.

[newyork142536]

Ok Frank, he will send you the names once you send the contract of your sweetheart deal with Countrywide. But wait Frank, you are an absolute fucking hypocrate. Or how about releasing information about you having homosexual relationships with your interns. You have done so much worse shit than this AIG executive Frank.

[newyork142536]

I just want to clarify that I do not agree with these executives taking bonuses from our tax dollars. But who's fault really is this? The executives, or Congress? Congress passed a bill without reading it or making stipulations that would not allow executives to take bonuses. So Lynch, if you care so much about your citizens, then stop being so fucking stupid. But wait, you cant, your a democrat like Dodd, Frank and Obama. Also, didn't you recieve a sweet heart deal from Countrywide Frank?

[newyork142536]

The CEO should say, you will recieve your bailout money back today, and you all can go fuck yourselves. These politicians are so fucking stupid. They are mad about executives in the USA recieving millions in bonuses, but what about the bonuses recieved by people who are not even U.S. citizens? A REVOLUTION is coming, just wait, oh just wait. The liberals are trying to cover up their mistakes. But that is what happens when you pass trillion dollar bills no one reads. Lol.

[newyork142536]

The CEO should tell Lynch and Frank to fuck themselves, because that is what they deserve. Pay back the money AIG and then tell the democrats to go fuck themselves. Lynch and Frank are mad about a couple million dollars the AIG executive recieved, but dont mind wasting 1 trillion dollars? This is absolute bullshit, and that is why a REVOLUTION is coming. Look at the Tea Parties Dodd, Frank, Lynch, Obama and all the other communists in government. Just wait till 2010 when you will all be out.

[newyork142536]

Frank, Dodd and the democrats are so stupid. If they did not want executives to recieve bonuses through the bailout bill, then why didn't they put that stipulation into the bill. Also, Fannie and Freddie executives recieved over 200 million in bonuses. I don't see Frank and Dodd going nuts over that. These politicians are so stupid. This CEO should tell the congress to fuck themselves and then pay back the money.