Wednesday, March 18, 2009

Bottlenecking

Congressman Alan Grayson (D-Orlando) questions Edward Liddy - the somewhat sanctimonious Chief Executive Officer of AIG who handed out bonuses to "retain" the executives who destroyed the company and who, it turns out, was CFO at Searle under Donald Rumsfeld (fuel for the conspiracy theory crazies, right?) - about the names of the executives at the AIG Financial Products division who ran the credit default swap business that is at the root of our economic crisis.  Liddy, of course, wasn't terribly forthcoming. (I recognize that Liddy is in a tough spot - he came into AIG late in the game, after the bonus contracts were written, and Grayson and the other Congressfolk are preening just a little here, but them's the breaks.)

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