House hearing with AIG Ed Liddy: CHrm - "We warned you to not take the bonuses." LIVE MSNBC 1:30EDT

[chimpymustgo]

Committee Chair says he and Eddy had a couple of meetings in the last few months. Says he flat-out told AIG head NOT to take the bonuses.

[JuniperLea]

1. Do Not Seek the Treasure!

Edited to say, apologies to Clooney, et al. :)

[Epiphany4z]

9. lol...great movie

[snooper2]

2. LIVE on CSPAN.org ( 3 ) as well....fuck MSGOP don't give them the traffic

poor schmuck is up there all alone giving opening statement right now....

[BuyingThyme]

3. Is this the official thread?

[Catshrink]

Nope -- no stars. Gotta have stars to be official!

[chimpymustgo]

Sure. Ed Liddy on now. How he came out of retirement to do something for America.

Why pay these people, he asks? Trying to keep the company from going under - and the entire financial system.

[BuyingThyme]

8. It has come to my attention that you need to add stars to the subject line.

:hi:

[chimpymustgo]

11. I guess this will be UNofficial then. My title's too long to add anything. Carry on.

:hi:

[eleny]

10. Without 165M in bonuses the whole system goes to hell?

Oh brother. Get me a shovel and some hip waders.

Better that I turn off the tv and go do our weekly grocery shopping. I've heard all I need.

[Epiphany4z]

13. it just keeps getting better

Liddy: Bonuses will be paid to avoid systemic shock to the economy.....okay...ya....thats the ticket...sure...

[Lugnut]

19. I'm watching.

I'm also washing windows while I watch. Unlike Congress I'm getting something important accomplished.

[eleny]

22. I had to go grocery shopping and just got back...

When the total rang up I felt like I was getting mugged. First AIG and then King Soopers.

I bet you really leaned into those windows during that testimony! They must look great. :D

[Lugnut]

23. They are shining.

A trip to the grocery store should not elevate one's blood pressure. ;)

[nc4bo]

4. I can not begin to imagine the stench of the bullshit that's being flung by Liddy and Co.

:grr: :grr: :grr:

[marylanddem]

5. He said he was hired by the government?

So he was hired by govt to take over AIG?

[snooper2]

6. Fear...that's what he's preaching....

nt

[chimpymustgo]

7. He's asked workers to give bonuses back. Some have already agreed. "Mistakes were made"!!!!!

[chimpymustgo]

12. Fed sits in on all meetings. House Chair: Why didn't WE know about these payments?

"You purposely did not discuss this with my staff."

[Parker CA]

15. He also asked why nobody in congress, Exec. branch, or media was told that they planned

on asking employees to give back bonuses. This is beginning to smell like people are intentionally holding info that will be toxic to Obama's close players and to his Admin.

Code Pink getting reprimanded now.

[eleny]

14. Did Liddy just threaten the entire economy?

When the chair asked Liddy if he understood how hard AIG has made it to get more money approved by Congress - Liddy said something like that if AIG falls there would be dire consequences to the entire economy. And he got kind of loud about it.

[aquart]

16. Didn't Spitzer say he was full of it on this?

[chimpymustgo]

17. Wouldn't it be GREAT to have Spitzer on to give commentary about this.

[eleny]

21. I don't know about the Spitzer connection except a little that I've read here at DU

Sorry for the delay in responding. I had to go grocery shop. Another place where we get held up by bandits. Oy.

[nc4bo]

18. Oh boo fucking hoo. Liddy just said they expect a return of the bonus money BUT

they'll more than like be returned along with their resignations.

I'm so sick and tired of this crying me a river crap.

[eleny]

20. Some of them left AIG after getting the "retention" pay

Bru-ther! :eyes: