The AIG scandal is getting worse by the day
AIG 0utrage is heating up to the point of being called ridiculous and who can blame everyone after the news of $165 Million dollar bonus scandal currently rocking the Nation and captivating the rest of the world, it's the octo-mom version of politics. Don't do what you can't afford.The President has called the company (and I quote) "reckless and greedy".
Congressional Democrats have quite seriously threatened to tax the bonuses into oblivion, it has caused such a furor that one Republican has even suggested that AIG leaders should own up and take responsibility for the collapse by resigning or killing themselves.
"Obviously, maybe they ought to be removed," said Sen. Charles Grassley during an Iowa City radio interview on Monday. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."
Ouch, that's harsh. Seppuku style.
An AIG spokesman responded to Grassley's comments: "The remark is very disappointing, but AIG's employees continue to work with poise and professionalism to take care of policyholders and repay taxpayers."
Grassley later backtracked his comments early Tuesday, saying he would like executives of failed companies to make formal public apologies, as business leaders have done in Japan.
"What I'm expressing here obviously is not that I want people to commit suicide,"
It seems to me that this has gone on way to far and now the US government has quite an issue to address.
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