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AIG CEO Warns Of 'Dire Consequences' If Company Fails
This piece was produced in conjunction with the Huffington Post:
"Edward Liddy, CEO of American Insurance Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed to fail. Liddy's warning came in response to questioning by Rep. Paul Kanjorski (D-Penn.), chairman of the Financial Services subcommittee, who asked Liddy if he fully understood the consequences of the decision to pay $165 million in bonuses to AIG executives."
Keywords: Economy, Government, Quick Hit, AIG, bailout, Barney Frank, bonuses, CEO, Congress, Economy, Edward Liddy, Financial Crisis, tarp
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