The overdetermined relevance of Edward Liddy
Spitzer on AIG
Mr. Liddy, I failed to note, was a director at Goldman:
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.
Labels: AIG, apocalyptic economics, bailout, Edward Liddy, Eliot Spitzer
posted by Tom Matrullo at Tuesday, March 17, 2009
2 Comments:
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!
Guess his one idea didn't turn the trick:
http://bigthink.com/search?q=liddy
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