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Flogging of AIG Execs

By Lagan Sebert on Oct 07, 2008

118 Comments

In the wake of the $700 billion bailout, the public is finally getting a look at the faces behind the financial crisis. On October 7, the Committee on Oversight and Government Reform grilled former AIG CEOs Robert Willumstad and Martin Sullivan. During the five-hour hearing the executives tried to dodge blame as congress members harshly criticized their management of AIG and questioned their compensation.

Keywords: Economy, Government, Quick Hit, $700 billion bailout, AIG, bailout, Barney Frank, corruption, Financial Crisis, Housing Crisis, inequality, Merrill Lynch, sub-prime, Sullivan, Wall Street, Willumstad

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