Thursday, May 21, 2009

One Of The Largest Lies Ever Told

AIG's troubled CEO, Edward Liddy, is stepping down after nine months of losing a hundred billion dollars or so.
"Much work remains to be done at AIG, but much has already been accomplished," Liddy said in a statement. "With the financial assistance of the Federal Reserve Bank of New York and the U.S. Department of the Treasury we have made substantial progress in stabilizing AIG, reducing the systemic risk that led the government to rescue the company, protecting our policyholders and our businesses, and developing a plan to repay American taxpayers."
Suuuuuuuuuure you're going to pay back that $180 billion. I totally believe that you weren't fired by the government, either.

I actually feel pretty damn sorry for the next poor asshole to become AIG's new CEO, in all honesty. One look at the books and I bet they quit within weeks.

Does anybody on Earth actually believe we're going to get that money back?

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