AIG boss grilled by US congress – 19 Mar 09
Published: November 22nd, 2009
The boss of the American Insurance Group (AIG) – a company that has paid millions in bonuses to staff despite taking a vast government bailouts – has told a US Congressional hearing he asked some employees to give some of the money back.
But Edward Liddy said the “cold realities of competition” compelled the company to make the payments.
Rosiland Jordon has this report.
Duration : 0:2:39
This entry was posted
on Sunday, November 22nd, 2009 at 10:44 pm and is filed under Uncategorized.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
November 22nd, 2009 at 10:44 pm
“Send Congress a …
“Send Congress a Pink Slip” They work for us. “Send Congress a Pink Slip”
November 22nd, 2009 at 10:44 pm
the fed is the …
the fed is the problem alot of the bailout went to foreign banks whats going on here
November 22nd, 2009 at 10:44 pm
Good lord, they …
Good lord, they obviously grilled the wrong person here..
November 22nd, 2009 at 10:44 pm
Would you say he …
Would you say he might be thinking COLLUSION contracts but he not dare say it out loud.
November 22nd, 2009 at 10:44 pm
SEARCH NEW WORLD …
SEARCH NEW WORLD ORDER!!
November 22nd, 2009 at 10:44 pm
SEARCH NEW WORLD …
SEARCH NEW WORLD ORDER!!!
November 22nd, 2009 at 10:44 pm
f Congressmen knew …
f Congressmen knew what they were doing, we would not be in the mess that we are in. All Congress is beholden to the Military, Industrial, Congressional, Complex. Susan Eisenhower stated that upon leaving office, her grandfather wanted to use the term Congressional as an adjective in his famous “Goodbye Speech” but he did not want to make enemies as he left. All of CONGRESS is bribed by lobbyists…. et al.
November 22nd, 2009 at 10:44 pm
Go after the old …
Go after the old CEO Greenburg, also don’t forget Citigroup and Goldman Sach’s you hypocrits.
November 22nd, 2009 at 10:44 pm
Here’s my reply: ” …
Here’s my reply: “PFFFFTTTTTT!”
November 22nd, 2009 at 10:44 pm
iwillnotbealright: …
iwillnotbealright: What did you do, pour battery acid in your right ear or have you had a recent stroke? Im sure this is how you sound: “…nnnnnnn…nnnnnn…mmmmm…BONUSESLEGAL! mmmmmm…nnnnnnn…mmm…AIGDIDNOTHINGWRONG!…nnnnn….AIGEXECSWORKEDHARD!…mmm…nnnnnn…AIGDESERVEBONUSES!…nnnn…mmmm…” Good luck with your psychiatric therapy.
November 22nd, 2009 at 10:44 pm
let all know that …
let all know that this financial crisis is a very serious menace for the further existance of the United States. The Soviet Union, Comunist China, Taliban and Al Caida couldn’t get near to the damage what has now been done by the enemy inside by persons as irresponsable CEO’s and acomplished politicians. It looks like the U.S. is on the break of a next civil war involving a lot of different parties. brother against brother, sister against sister, son against father, daughter agains mother.
November 22nd, 2009 at 10:44 pm
Oh, I see pig, now …
Oh, I see pig, now I understand. I am the giddy, well-educated school girl while you are supposed to be the mentally handicapped kid that walked by. Fair enough, have fun!
November 22nd, 2009 at 10:44 pm
Well, I think we …
Well, I think we can all see that you are clearly an illogical individual. Please continue to embarrass yourself while using youtube comments and responses in a desperate and frivolous attempt to feel better about your sad and menial life. I guess you will just have to try and accept that there are individuals who are simply more intelligent than you. Someday the economy will get better and people will continue to make money, but you will always be a moron. Have fun being yourself. Take care.
November 22nd, 2009 at 10:44 pm
Why are people who …
Why are people who FAILED at their jobs receiving bonus instead of being fired? That’s where the anger is coming from.
November 22nd, 2009 at 10:44 pm
crooked ceos, send …
crooked ceos, send em all to jail.
November 22nd, 2009 at 10:44 pm
ou must read!
ew! …
ou must read!
ew! in 2004, a 10 year old kid named alex killed himself in a suicide.then one night, his father burned his grave and he came back to life. it has been said he could be in 4 places at once. don’t stop reading this now, here’s the catch, copy and paste this comment on to 20 other videos in the next half hour or else alex will stab you with his mighty sword at 10:00 pm tonight!if you do, tomorow will be the best day of your life!
November 22nd, 2009 at 10:44 pm
Saix…..ur being …
Saix…..ur being distracted. AIG execs shouldn’t get these bonuses. But as I stated it comes out to less the 1 half of 1 percent of the total money they recieved. Congress (Sen. Dodd) put this provision in the bailout bill. Congress wastes far more money then these execs bonuses. They are the ones your anger should be directed towards. They are USING AIG as a distraction to get your eyes of them!! Question, if all this execs just got 1 dollar would it effect the economy at all?….NOPE!!
November 22nd, 2009 at 10:44 pm
Corporate thiefs …
Corporate thiefs don’t even deserve their annual salaries much less a bonus.I hope AIG crashes,HARD!
November 22nd, 2009 at 10:44 pm
Point 5: AIG execs …
Point 5: AIG execs are typical money-grubbing whoring skunks shamelessly bowing to & worshiping the almighty dollar. They are idolaters robed in $2,000 suits, a cancer deliberately eating away at the heart of our nation.
Point 6: Who cares? Use their devil contracts as a snot rag.
Point 7: IT’S $165 MILLION not “$65 million. Could care less if it was $6.50! Its still weak, cowardly, self-serving grinning & slobbering like dogs while greedily scrambling for their whore-bonuses.
November 22nd, 2009 at 10:44 pm
Point 1: Yeah? So …
Point 1: Yeah? So what!
Point 2: Who gives a shit.
Point 3: Whatever.
Point 4: Could care less.
November 22nd, 2009 at 10:44 pm
Point 5: AIG is a …
Point 5: AIG is a pawn in the political storm so democrats can get their tax and spend agenda moved forward.
Ponit 6: If the government let AIG go into bankruptcy restructuring, the courts could have stopped any legal contracts that pay out such bonuses. Instead, the government thought it best to nationalize the banks. A move that they have no experience in enacting.
Point 7: Why do you care about $65 million when the government spends billions in Iraq.
November 22nd, 2009 at 10:44 pm
PIG
Point 1:The …
PIG
Point 1:The bailout bill was developed by Nancy and the boys in congress. They knew about the bonus and kept it in.
Point 2:Obama signed the bill into law so he is at fault for not reading it.
Point 3: The consitution expressly forbids congress to enact a law where one group gets taxed more than other groups. So the 90% tax will not hold up in court.
Point 4: New laws are not retroactive. The money was aready paid out, so there is no legal recourse.
November 22nd, 2009 at 10:44 pm
Yes it is tax …
Yes it is tax payers money but this is part of the bail out plan! We pay for wars that we don’t support, we pay for people who are too lazy to get a job, it’s no different! Do some research and find out what else the government is paying for that does NOT involve you even though they’re using your tax dollars.
November 22nd, 2009 at 10:44 pm
thank you!
thank you!
November 22nd, 2009 at 10:44 pm
itwillbealright …
itwillbealright should change your name to iwillneverbealright. The devilry these corporate thieves have performed is meaningless next to a clown trying to desperately and sheepishly search for a way to justify it.