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.”