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Edward Liddy

WATCH: CEO Of Bailed-Out AIG Calls For Self-Regulation

The Huffington Post | James Sunshine | Posted 08.23.2011 | Business

In the aftermath of the financial crisis, American International Group was bailed out by the federal government. But evidently, that truth hasn't stop...

AIG Reportedly Hatches Plan To Repay Taxpayers

Huffington Post | William Alden | Posted 05.25.2011 | Business

Two years after it received at least $180 billion in bailouts, of which $120 billion is still outstanding, American International Group has reportedly...

The American Nightmare

Rob Fishman | Posted 05.25.2011 | Business
Rob Fishman

Of all the misdeeds carried out on the southern tip of Manhattan over the last decade, perhaps Wall Street's greatest fraud was to arrogate the very meaning of the American Dream.

AIG CEO Benmosche's $7 Million Pay Package Approved

Posted 05.25.2011 | Business

NEW YORK (AP) -- American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Ben...

WSJ: AIG CEO Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 05.25.2011 | Business

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

51 Minutes and No Shoes Thrown: A Shareholder's Account of the 2009 AIG Conference

Ellen Sledge | Posted 05.25.2011 | Business
Ellen Sledge

Liddy told shareholders he didn't want to spend his retirement watching over AIG. But for retirees who lost their money at AIG, working at WalMart isn't how they wanted to spend their retirement, either.

AIG CEO Liddy To Step Down Once Replacements Found

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — American International Group Inc. on Thursday said the chairman and chief executive hand-picked to lead the company when it was rescu...

AIG Questioned Over Plan To Sell Assets

AP | Posted 05.25.2011 | Business

WASHINGTON — The government-installed head of AIG is telling Congress the insurance giant is selling many of its foreign assets to repay U.S. ta...

Ryan Grim

Liddy Unsure If AIG Wrote Credit Default Swaps on GM, Chrysler Debt

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Edward Liddy, chairman of American International Group, told a congressional oversight panel Wednesday that he did not know if AIG had issued credit d...

Officials Knew Of AIG Bonuses Months Before Scandal

Washington Post | David Cho and Brady Dennis | Posted 05.25.2011 | Politics

As American International Group chief executive Edward M. Liddy returns to Washington to face Congress today, new details are emerging about how long ...

AIG CEO To Fight Criticism Of Employees

Reuters | Posted 05.25.2011 | Business

American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer's employees on Wednesday and talk about the ...

AIG Expects Long Restructuring Process

Reuters | Posted 05.25.2011 | Business

American International Group Inc (AIG) and the U.S. government expect a multi-year restructuring of the insurer, the Wall Street Journal said, citing ...

Ryan Grim

Liddy Letter: AIG Plans To Award Bonuses Even If Taken Over By US

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Even if the U.S. government were to entirely take over American International Group, company executives would still be able to collect bonuses at taxp...

Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011 | Business
Michael Moore

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

AIG Discloses Payments To Its $1-A-Year Chief

New York Times | Posted 05.25.2011 | Business

The American International Group disclosed Thursday that it paid its dollar-a-year chief executive, Edward M. Liddy, compensation worth about $460,000...

My Late Night Visits from the Ghosts of Financial Outrages Past, Present, and Future

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE

AIG Chief Owns Goldman Stake Worth More Than $3 Million

New York Times | MARY WILLIAMS WALSH | Posted 05.25.2011 | Business

Edward M. Liddy, the dollar-a-year chief executive leading the American International Group since its bailout last fall, still owns a significant stak...

Who Are the Best and the Brightest?

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

If these people were "the best and the brightest," why did the financial crisis happen?

Liddy's Goldman Sachs Stake Totals $3 Million

Washington Examiner | Timothy P. Carney | Posted 05.25.2011 | Business

Edward Liddy, CEO of government-run AIG, still owns more than $3 million of stock in Goldman Sachs, which has pocketed $13 billion or more of the $170...

5 CEOs Obama Should Fire

Casey Gane-McCalla | Posted 05.25.2011 | Business
Casey Gane-McCalla

Obama pressured GM CEO, Rick Wagoner to step down; here are five other CEOs he should consider firing.

Yelling From the Back Step

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

"Toxic assets" are two words that don't belong together in the English language. The meaning of one cancels out the meaning of the other.

Why I Have No Sympathy for Jake DeSantis

Mitchell Bard | Posted 05.25.2011 | Business
Mitchell Bard

You would think that those who created the financial mess would have some humility. But you would be wrong. DeSantis's letter is just one example.

Don't Kill the Lawyers -- Yet

Tanya M. Acker | Posted 05.25.2011 | Business
Tanya M. Acker

We would all do well to remember that litigation, powerful sword that it is, should be a tool of last resort.

AIG and the Rest of the Looters

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

What if the regulators were better rewarded for their efforts? Much better rewarded? What if they could keep some hefty percentage of the proceeds of every scam they uncovered, every scheme they shut down?

AIU Holdings: AIG Creates New Name To Avoid PR Disaster

Huffington Post | Stuart Whatley | Posted 05.25.2011 | Business

Following up Ryan Grim's report from Congress last week that AIG chief Edward Liddy was looking to change the company's "thoroughly wounded and disgra...