When asked about why he consented to the payment of the despised AIG bonuses, executive Edward Liddy cited, among other reasons, the threat of litigation. Ending up in Court these days, even when truth is on your side, is as appealing a proposition as eating a sand sandwich while camping in the Sahara. A very [...]
Check out Rachel Maddow’s chronology of AIG’s corporate wrongdoing. She does a great job of summing it up in a nutshell.
The Audacity Of Greed should be the title of President Obama’s next book. Never could he have imagined how tough getting out of an economic recession (borderline depression) when he signed up for the presidency. He knew the job was tough when he took it, he just didn’t know that greed would continue to trump [...]