Go, Grassley, go! AIG execs should kill themselves!


With American International Group (NYSE: AIG) blowing more than $100 million of its $160 billion bailout on bonuses for bad executives, Senator Chuck Grassley is pissed off and saying some pretty outrageous things. Grassley opined that AIG executives should "follow the Japanese example" and "take that deep bow and say I'm sorry" and then either "resign, or go commit suicide."



AIG responded that "The remark is very disappointing, but AIG's employees continue to work with poise and professionalism to take care of policyholders and repay taxpayers."

"...continue to work with poise and professionalism"? Maybe they should start to work with poise and professionalism -- ya know, the kind of professionalism that doesn't involve destroying your company?

That response completely misses the point -- to say nothing of the audacity of expressing disappointment with anyone when you've blown up the world economy. What AIG needs to do is very simple: Apologize, pay no bonuses, and try to make it right.

And unless they're willing to do that, Grassley is right: The world would be a lot better off without them.

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