04/18/2009 05:12 am ET Updated May 25, 2011

AIG's Solution: Change Its Name

Edward Liddy, the CEO of American International Group, told to a congressional panel on Wednesday that AIG would never recover its reputation after being dragged through so much mud. The only solution, he said, is to change the company's name.

"I think the AIG name is so thoroughly wounded and disgraced that we're probably going to have to change it," Liddy said.

That may not be such a bad idea. And since taxpayers own an 80 percent stake in the firm, it's only fair that the American people decide on the new name.

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