Edward Liddy was in a no win position directed by a bunch of people (Congress) with no idea. WE THE PEOPLE, probably had one of dozen or so who could have corrected the problem….but no, Congress hires a guy to fix the problem, then proceeds to roast him at the alter. Good job Congress. Who’s next that would like to place their head on the block….for a $1 ?
The question is has anyone run it for the last several years? If they did, perhaps it would have been better if no one did. This company should have gone into bankrupcy a long time ago. It has been put on life support by our dearly beloved Congress and President who just won’t let it die.
Hmm; the job requires an intimate knowledge of complex multi jurisdictional financial and insurance products with a historical perspective to help guide the future of AIG. The person must also have the guts to stand up to Congress. The very same Congress that has mismanaged the bailout and that still does not take any responsibility for their role in creating the environment that allowed the financial crisis to happen in the first place. The only person that comes to my mind is Hank Greenberg. He may be controversial but who else knows AIG better. Mr. Greenberg really doesn’t need the love and support from Congress to further his career. AIG already has our money. Now it’s time for a competent no nonsense leader to right the ship to get us taxpayers get paid back ASAP.
Yes ; the gentlemen who said Mr Greenberg are right-on-the=nail.
Not only can he do the job, I dare say he’ll attract great talent AND private financing to pay-off that outrageous Fed bank giveaway deal.
Hey: we’ve seen lots of unbelievable scenarios recently.
Bringing back Hank is the SMART move.
Can someone do the math here? Didn’t we start out giving AIG about $60-85 billion. Then another $35B. And then even more? So how did the total get back down to $85 Billion when they only sold a couple billion in assets so far? Are we getting screwed already on the payback?
The sad truth remains that, while the INVESTMENT side of AIG led to its downfall; AIG was by no means the only corporation to go down that path. Yet, Congress, the “real” criminals in all of this, have used AIG as a scapegoat to cover their own tracks. Then, to broadside CEO Liddy, who accepted the position as a public service, is political hypocracy at it worst. Highly placed criminals in the House and Senate, Democrats and Republicans, knew the score and failed to act. When will some of these fine public servants be brought before an Investigative committee? The answer is “never”, since criminals seldom turn themselves in. They will, however, sell out others to cover their own hide.
The fact is the Government needed AIG to survive so they could hide behind AIG This is how they were able to avoid the foreign Banks and Governments suffer any loss. By the way Goldman Sachs collected TARP then again was paid off by AIG under a credit swap made good by the US tax payers bail out of AIG. Goldman Sachs collected twice, why do you think they are ready to pay off the TARP. This all has nothing to do with Liddy and everything to do with our politicians owning and running entire industries. Know we need to look into these governmental controled industries making political contributions. If you think that is crazy just look at Fannie and Freddie’s contributions to Barney Frank, Chris Dodd, and Barrack Obama. The three largest recipients of political contributions from Fannie and Freddie. This is pathetic.
Don’t lose any sleep over this. The little messiah knows plenty of greasy Chicago Libs he can install. He will make sure he gets a socialist just like the grease ball lib he nominated for the Supreme court.
No one person can manage this mess. The powers that be should start thinking out of the proverbial box and consider other methods. Maybe a management “team” is in order with no ties to the financial community. There are plent of subject matter experts available without always having to fish the same pond of executives. Or, maybe some of the geniuses in the senate should step up to the plate and offer to manage it since they did such a great job of oversight to begin with.
Obama is a very smart and learned leader. He blamed Bush a long time ago for this crisis and all the other crisises he has found since taking over America to be our leader in chief. All hail to the chief!
The American public has been tarred-and-feathered, placed over a barrel and rear-ended by these very jackels that we as business people held in such high regard. Remember the movie, “Mr. Smith goes to Washington” where James Stewart was raked over the coals by the hypocrits. Mr. Smith portrayed us! How can today’s Boys and Girl Scouts Organizations look up to these so-called captains of modern day business? And, who is that idiot jerk cockroach that calls people from Chicago and Ms. Sotomayor “grease balls”? Idiots are a dime a dozen in this country. We are right smack in the middle of a national debate that affects our lives and this forum should be used accordingly without scum bags spewing hatred because of political affiliations or other differences. We’ve ALL been had equally by these God-less criminals holed within our corporate buildings! And, hatred and animousity toward people who are trying to eek out a living, sucks! We all breathe the same air; lets work together to upright our ship. Make it stronger. Our President, regardless of your reasons for liking him or not, is our President. No President expects to be “liked or appreciated” 100% by the public. Newspaper caricatures go back to President Washington’s time. But the fact remains, Obama was voted into the office. It has never been an easy task to win that position. He won. So let’s get rollin’ and move forward.
Edward Liddy was in a no win position directed by a bunch of people (Congress) with no idea. WE THE PEOPLE, probably had one of dozen or so who could have corrected the problem….but no, Congress hires a guy to fix the problem, then proceeds to roast him at the alter. Good job Congress. Who’s next that would like to place their head on the block….for a $1 ?
Draft Barney Frank!
How about our dear leader, BHO, taking the task on. He seems to be in charge of everything and could do this in the evenings before he goes to bed.
That Greg Case of Aon is being considered to take over and run Aon. I’ll bet the employees of Aon would be sad to see him go (NOT!).
Just say Hank Greenberg
The question is has anyone run it for the last several years? If they did, perhaps it would have been better if no one did. This company should have gone into bankrupcy a long time ago. It has been put on life support by our dearly beloved Congress and President who just won’t let it die.
…is it possible for old Hank to get his job back or did Elliot “black socks” Spitzer see to it that he cannot?
Give Hank a chance to vindicate himeself.
You took an almost impossible position, and did the best you can.
And no one has recognized that you were able to successfully wind down most of the FPG operations to limit further losses.
I’m sorry it had to come at the (unfair) distress to your name and reputation.
Hmm; the job requires an intimate knowledge of complex multi jurisdictional financial and insurance products with a historical perspective to help guide the future of AIG. The person must also have the guts to stand up to Congress. The very same Congress that has mismanaged the bailout and that still does not take any responsibility for their role in creating the environment that allowed the financial crisis to happen in the first place. The only person that comes to my mind is Hank Greenberg. He may be controversial but who else knows AIG better. Mr. Greenberg really doesn’t need the love and support from Congress to further his career. AIG already has our money. Now it’s time for a competent no nonsense leader to right the ship to get us taxpayers get paid back ASAP.
Yes ; the gentlemen who said Mr Greenberg are right-on-the=nail.
Not only can he do the job, I dare say he’ll attract great talent AND private financing to pay-off that outrageous Fed bank giveaway deal.
Hey: we’ve seen lots of unbelievable scenarios recently.
Bringing back Hank is the SMART move.
I nominate Elliot Spitzer!
Can someone do the math here? Didn’t we start out giving AIG about $60-85 billion. Then another $35B. And then even more? So how did the total get back down to $85 Billion when they only sold a couple billion in assets so far? Are we getting screwed already on the payback?
The sad truth remains that, while the INVESTMENT side of AIG led to its downfall; AIG was by no means the only corporation to go down that path. Yet, Congress, the “real” criminals in all of this, have used AIG as a scapegoat to cover their own tracks. Then, to broadside CEO Liddy, who accepted the position as a public service, is political hypocracy at it worst. Highly placed criminals in the House and Senate, Democrats and Republicans, knew the score and failed to act. When will some of these fine public servants be brought before an Investigative committee? The answer is “never”, since criminals seldom turn themselves in. They will, however, sell out others to cover their own hide.
the only person who can fix all this mess is John Galt.
Who is John Galt?
The fact is the Government needed AIG to survive so they could hide behind AIG This is how they were able to avoid the foreign Banks and Governments suffer any loss. By the way Goldman Sachs collected TARP then again was paid off by AIG under a credit swap made good by the US tax payers bail out of AIG. Goldman Sachs collected twice, why do you think they are ready to pay off the TARP. This all has nothing to do with Liddy and everything to do with our politicians owning and running entire industries. Know we need to look into these governmental controled industries making political contributions. If you think that is crazy just look at Fannie and Freddie’s contributions to Barney Frank, Chris Dodd, and Barrack Obama. The three largest recipients of political contributions from Fannie and Freddie. This is pathetic.
Don’t lose any sleep over this. The little messiah knows plenty of greasy Chicago Libs he can install. He will make sure he gets a socialist just like the grease ball lib he nominated for the Supreme court.
How about the messiah’s friend Ophra?
No one person can manage this mess. The powers that be should start thinking out of the proverbial box and consider other methods. Maybe a management “team” is in order with no ties to the financial community. There are plent of subject matter experts available without always having to fish the same pond of executives. Or, maybe some of the geniuses in the senate should step up to the plate and offer to manage it since they did such a great job of oversight to begin with.
Just wanted to go ahead and get Bush blamed early on.
Why state the obvious?
Elijah Cummings! He seems to know more about it than anyone else! Just ask him!
Obama is a very smart and learned leader. He blamed Bush a long time ago for this crisis and all the other crisises he has found since taking over America to be our leader in chief. All hail to the chief!
Surely the Bilderberg group can find someone. Quit worrying and get back in the stock market for the sucker rally. Do your part as Americans.
The American public has been tarred-and-feathered, placed over a barrel and rear-ended by these very jackels that we as business people held in such high regard. Remember the movie, “Mr. Smith goes to Washington” where James Stewart was raked over the coals by the hypocrits. Mr. Smith portrayed us! How can today’s Boys and Girl Scouts Organizations look up to these so-called captains of modern day business? And, who is that idiot jerk cockroach that calls people from Chicago and Ms. Sotomayor “grease balls”? Idiots are a dime a dozen in this country. We are right smack in the middle of a national debate that affects our lives and this forum should be used accordingly without scum bags spewing hatred because of political affiliations or other differences. We’ve ALL been had equally by these God-less criminals holed within our corporate buildings! And, hatred and animousity toward people who are trying to eek out a living, sucks! We all breathe the same air; lets work together to upright our ship. Make it stronger. Our President, regardless of your reasons for liking him or not, is our President. No President expects to be “liked or appreciated” 100% by the public. Newspaper caricatures go back to President Washington’s time. But the fact remains, Obama was voted into the office. It has never been an easy task to win that position. He won. So let’s get rollin’ and move forward.
Barrack