AIG Collapse and Rescue, Liddy Testimony
2009-05-13T20:34:53-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOTYwXC8yODYzMDktbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==American International Group (AIG) executives testified about the use of public bailout funds by the company and previous claims that all or most of the funds would be returned to the government. Among the issues addressed were the levels of transparency for company operations, the pace of restructuring, and the role of the government-appointed oversight board.
In his testimony Mr. Liddy acknowledged that the credit-default products at the root of AIG’s problems should be formally regulated, most likely by the federal government. He said they should be placed on an exchange and should be standardized in order to increase transparency.
In his testimony Mr. Liddy acknowledged that the credit-default products at the root of AIG’s problems should be formally regulated, most likely by the federal government. He said they should be placed on an exchange and should be standardized in order to increase transparency.
American International Group (AIG) executives testified about the use of public bailout funds by the company and previous claims that all or… read more
American International Group (AIG) executives testified about the use of public bailout funds by the company and previous claims that all or most of the funds would be returned to the government. Among the issues addressed were the levels of transparency for company operations, the pace of restructuring, and the role of the government-appointed oversight board.
In his testimony Mr. Liddy acknowledged that the credit-default products at the root of AIG’s problems should be formally regulated, most likely by the federal government. He said they should be placed on an exchange and should be standardized in order to increase transparency. close
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