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AIG Execs Receive a Flogging from Congress

Posted by Lagan Sebert, American News Project at 12:41 PM on October 8, 2008.


Watch as AIG CEOs Robert Willumstad and Martin Sullivan get harshly criticized by members of Congress.

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In the wake of the $700 billion bailout, the public is finally getting a look at the faces behind the financial crisis. On October 7, the Committee on Oversight and Government Reform grilled former AIG CEOs Robert Willumstad and Martin Sullivan. During the five-hour hearing the executives tried to dodge blame as congress members harshly criticized their management of AIG and questioned their compensation.

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Tagged as: congress, ceos, economic crisis, aig


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View:
Can you switch off "auto start" for the video please?
Posted by: gallery on Oct 8, 2008 2:01 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
It's a little jarring.
Thanks

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Did they take any of their ill gotton money away from them?
Posted by: Rod on Oct 8, 2008 4:27 PM   
Current rating: 5    [1 = poor; 5 = excellent]
NO

Where are the lawyers lining up for the class action and breach of fiduciary responsibility lawsuits. If congress will not then hopefully the current laws allow lawyers to exact justice.

If not then there is one more reason why we need a democrat president to keep the court balance liberal enough to protect the people.

Rod

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you call that a flogging?
Posted by: hurricane hugo on Oct 8, 2008 11:03 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I'm not in the "scene", but I know a few people who are that should get the chance to work these punks over.

jdfu!

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BS!
Posted by: warrior woman on Oct 9, 2008 3:42 AM   
Current rating: 5    [1 = poor; 5 = excellent]
They are going to give them even more money, are you kidding me? It was announced yesterday they're getting almost 40 billion more. WHO's minding the store??????????

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When Greenberg & Sons
Posted by: weathered on Oct 9, 2008 4:37 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Give back ALL the monies they stole through fraud, justice will be served - but its hard to arrest an Attorney General for doing nothing!!

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

Is There a Reason They Can't Get This Right?
Posted by: Nicnic on Oct 9, 2008 5:59 AM   
Current rating: 4    [1 = poor; 5 = excellent]
When are people going to learn once and for all that the Federal Reserve is NOT the US government and the bailout of AIG is NOT taxpayer based. The Federal Reserve is a consortium of private banks and their constituency now owns an 80% stake in AIG. Just last Sunday I heard 60 Minutes refer to the Federal Reserve as the US government.

Understanding how the Federal Reserve works and who they are is critical to understanding everything that has gone wrong with America and many parts of the world. You should at least know that the real reason our founding fathers wanted a more perfect union was to break the vicious domination by the central banks of Europe. Well, the cancer is back with a virulence never before imaginable.

The American public is too easily misdirected but hopefully we'll catch on, which is something they'd rather not happen just yet. They need just one more term to accomplish the unthinkable. So you should at least realize that either candidate suits them perfectly fine. To mask their efforts they'll throw in as many distractions as they can muster; things like terrorist activity, Afghanistan, Iraq, Iran, Pakistan and of course Israel. It all comes back to Israel because that's where it all starts. You'll recall that both candidates stated "how" they would defend Israel to the death and never addressed in any real terms "why". What they don't want Americans to figure out is that we no longer need Israel as we did in the past. What they don't want you to know is how much of your world has been trashed by an Israeli based agenda. God forbid you should ever discover the truth about 9/11.

One thing most people missed, I'm sure, is that AIG was a 26% stake holder in Kroll. Remember them from 9/11? No, I pretty sure that one got away from you as well. But if you look closely you can now put it all together as they are all exposing themselves.

The truth is the entire financial crisis is one of skillful planning and manipulation. There was no bailout of AIG. It was a calculated heist and they walked away with unaccounted for hard real assets for just pennies on the dollar.

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You Feel Shame You Know, And Then You Get Free
Posted by: FoonTheElder on Oct 9, 2008 8:02 AM   
Current rating: 5    [1 = poor; 5 = excellent]
It is like Denis Leroux in Slap Shot talking about hockey penalties.

I see. What is high-sticking?

High-sticking happen when the guy take
the stick, you know, and he go like that.

You don't do that. Oh, no. Never, never.

- Why not?
- Against the rules.

You stupid when you do that,
some English pig with no brains...

Denis, what is slashing?

Slashing is like that, you know?

Mm-hm. And there's a penalty for that?

- Yeah. And for trip also, you know.
- Oh?

Like that. And for hook like this.
- And for spear, you know, like that.
- Mm-hm.

All bad. You do that,
you go to the box, you know.
Two minutes by yourself,
and you feel shame, you know.

- Mm-hm.
And then you get free.

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Poor, poor little AIG execs. They never get a fair shake.
Posted by: jags105 on Oct 9, 2008 2:22 PM   
Current rating: 5    [1 = poor; 5 = excellent]
They certainly needed far more than "harsh criticism". More like a harsh hanging from the yardarms would be more apporpriate.

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gathaiga
Posted by: gathaiga on Oct 9, 2008 3:34 PM   
Current rating: 5    [1 = poor; 5 = excellent]
I'm sure these two cruds are all broken up over the Congressional tongue lashing. What a load!!!!!!!!!!!!!

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caronome
Posted by: Bayardtom on Oct 10, 2008 12:35 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Make the bastards give back every penny and send them to jail for theft! This story beats all for running, jumping gall. Only in America for the past 8 years could this kind of rape of the American people take place. Deport the bastards!

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Re:
Posted by: zombo08 on Nov 3, 2008 9:28 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]