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AIG Employee Tells Liddy: You Betrayed Us

Jason Farago — Wed, 25 Mar 2009 09:27:32 CDT

Though he says he’s blameless for the mess that brought down AIG, and worked 14-hour days at $1 a year to help dismantle the insurer, executive Jake DeSantis feels “betrayed” by CEO Edward Liddy—and lets him know in a resignation letter published by the New York Times . He rips...

Hill Grilled the Wrong AIG Guy

Kevin Spak — Thu, 19 Mar 2009 12:44:19 CDT

Edward Liddy’s much-ballyhooed testimony yesterday—Chris Matthews billed it as “Watergate Redux”—didn’t wind up accomplishing much, “aside from revealing congressional ignorance of all things financial,” Daniel Gross writes in Slate. Yes, Liddy currently runs the reviled AIG, but he wasn’t running it when it blew up. “He’s not the...

Angry Congress Threatens Big Taxes on AIG Bonuses

Tue, 17 Mar 2009 11:55:12 CDT

Outraged lawmakers threatened today to impose new taxes to recoup at least some of the $165 million in bonuses that insurance giant AIG awarded executives and traders after getting billions in federal bailout money. "What is the highest excise tax we can impose that will stand up in court?" Senate...