Tuesday, March 17, 2009

The overdetermined relevance of Edward Liddy

Spitzer on AIG

Mr. Liddy, I failed to note, was a director at Goldman:

The Fed stepped in after JPMorgan Chase & Co. and Goldman Sachs Group Inc., which were brought in to help assess AIG, failed to come up with a solution, according to a person familiar with the talks. Liddy is currently on the board of Goldman, the company Henry Paulson ran as CEO before becoming the U.S. Treasury secretary in 2006.

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Anonymous Anonymous said...

What isn't mentioned is that Mr Liddy was CEO of Allstate, the worst insurance company in America. Allstates mission is clear. "To make a profit for our shareholders." Mr Liddy made $18.8 million dollars in one year and over $25 million in retirement funds. He is the poster child for corporate greed. He's the answer to AIG's problems? Please!

3/18/2009 9:01 AM  
Blogger Tom Matrullo said...

Guess his one idea didn't turn the trick:


3/18/2009 4:08 PM  

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