Posts Tagged ‘A.I.G.’

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G. Op-Ed Contributor - Dear A.I.G., I Quit! - NYT 032509:
DEAR Mr. Liddy,
It is with deep regret that I submit my notice of resignation [...]

I found this exchange between Ed Henry and President Obama particularly disturbing. Anger begets anger. Gotcha journalism comes to  the White House. Obama’s long, winding answer to the initial question deflected its snarky tone, but when Henry persisted, he drew a succinct yet polite rebuke. Read to the end below. Who got whom?
And who is [...]

2000 Commodities Act Paved Way For Problems : NPR 032009:
Melissa Block talks with Michael Hirsh, senior editor at Newsweek talks about how the Commodity Futures Modernization Act of 2000 was passed to keep financial derivatives, including credit default swaps, unregulated. The Commodity Futures Trading Commission failed to rein in the derivatives market.

Edward M. Liddy - Repairing AIG and Repaying the Public, Washington Post 031809:
The government rescue of American International Group (AIG) and other financial firms has produced a palpable wave of anger on the part of Americans and a rising public demand for accountability from corporate and government leaders.
The anger is understandable, and I share it. [...]

That bloodthirsty Jacobin Maureen Dowd is at it again. She’s cribbing from the Great Books (not the Good Book)), stirring up the mob with cries of “Heads Must Roll.” This time her victims are tweedy, partridge-hunting aristos at A.I.G.:
It is the best of times, it is the worst of times.
The best of times because W.’s [...]