Friday, April 10, 2009

Cluelessly Corrupt Financiers

Just when you think the situation at AIG couldn't possibly get more rancid, here's news that AIG boss Ed Liddy owns $3.2MM in Goldman Sachs stock even while he brags about taking only a $1/year salary from AIG. Goldman is AIG's biggest counterparty, so Liddy basically has a far greater incentive to help Goldman than to help AIG.


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