AIG Chief Testifies To Congress

Edward Liddy, the chief of AIG, will be delivering this testimony to Congress today. It runs 53 pages. We read it–well, we skimmed it–so you don’t have to. The highlights:

  • “Mistakes were made at A.I.G. on a scale few could have every imagined possible.”
  • Hey! I just got here six months ago. Don’t blame me.
  • Americans have a right to be angry.
  • On paying bonuses, he says that he found some of them “distasteful.”



AIG CEO StatementFree Legal Forms

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at