16
Mar
09

the aig mess

 

Unfortunately, the AIG execs could have been easily replaced and further, those contracts could have been renegotiated prior to the payout. My feeling is that now AIG should be broken up since their involvement in the crisis is tantamount to a monopoly and the FBI should now weed out the decision makers that are responsible for their own failure. I realize the forensic accounting could take some time but it is the only way to get to the bottom of this.

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