Word: aig
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...AIG CEO Edward Liddy was a model of fiscal discipline. Appearing before Congress last month, he committed the bailout billionaire to pay back its government loans, clean up the financial mess it created and act as "good stewards of the public funds we have received...
...AIG spending tens of thousands of dollars every month on four big p.r. firms? Spokesman Nick Ashooh said his in-house communications team needs additional mouthpieces to respond to the "tsunami" of bad news from its collapse last September, including a lavish executive junket and hefty bonuses covered by the $180 billion taxpayer transfusion. (Read "The Bailout Bomb: Why AIG...
...members of Congress who are overseeing the bailout funds question what spin doctors have to do with Liddy's stated mission. Representative Elijah E. Cummings, a Democrat on the House Oversight Committee that has investigated AIG, called the firm's p.r. payroll "a prime example of AIG misusing funds. Mr. Liddy should know, however, that all of the p.r. firms in the world will not distract us from getting to the bottom of what is really going on at AIG and how the company is spending taxpayer dollars...
...unusual for private companies to deploy outside p.r. flacks when they get into trouble. The biggest firms can charge as much as $40,000 a month to deal with fallout. AIG is now 80% owned by the government, which has pumped in public funds to allow the company to cover its claims and not bring down the world banking system with it. But some of that money appears to be financing damage control. Just how much, is the kind of question that publicly financed bodies are obligated to answer. When he was asked for AIG's p.r. tab, Ashooh gave...
...tempting as it is in places like St. Helens to try to send the illegal immigrants packing, it would be a bit like letting AIG or GM collapse: it might feel good and it might be morally justified, but in the long run it would just increase the misery on Main Street. Like it or not, with more than 10 million Margaritos from coast to coast, illegal America is simply too big to fail...