Academic

YOU DON?T SAY: Officials Knew of AIG Bonuses Months Before Firestorm. ?As American International G?

By Glenn Reynolds

YOU DON’T SAY: Officials Knew of AIG Bonuses Months Before Firestorm. “As American International Group chief executive Edward M. Liddy returns to Washington to face Congress today, new details are emerging about how long federal officials were aware of the company’s recent bonus payments to its executives and of how inflammatory the payments could be. ” This makes them seem somewhat more competent, and considerably less honest, than their initial posturing suggested . . . . Well, not so sure about the competence part, actually.

Full post as published by Instapundit.com on May 13, 2009 (boomark / email).