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Should AIG be allowed to Fail?

  • Broadcast in Politics Progressive
AAPolitical Slugfest

AAPolitical Slugfest


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Edward Liddy, CEO of American International Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed to fail. Should AIG be allowed to Fail? Liddy's warning came in response to questioning by Rep. Paul Kanjorski (D-Penn.), chairman of the Financial Services subcommittee, who asked Liddy if he fully understood the consequences of the decision to pay $165 million in bonuses to AIG executives. lets talk about it tonight....