Consumer Law

?A.I.G.? = ?arrogance, incompetence and greed?

By Kia Franklin

That's what Representative Paul Hodes, Democrat of New Hampshire, said today.

Whoa. This A.I.G. mess just gets, well, messier and messier, doesn't it?

Overwhelmed? Outraged? Confused? Duped? All of the above? Yeah, you and every other taxpayer/shareholder. But fear not, this latest bit of news offers some comic relief: AIG Chief Edward M. Liddy offers a solution to this whole mess--simply ask some of the recipients of the bonuses to give back half of the money! There! All better! Because that get's to the heart of the problem, now doesn't it?

Um, nope. What's the real problem? This post by Chris Bowers at OpenLeft goes a long way in answering that question. Check it out.

Full post as published by TortDeform.com on March 18, 2009 (boomark / email).