Sen. Charles E. Grassley says top officials at AIG should accept responsibility for the insurance company’s collapse by resigning or committing suicide, the AP is reporting.
Grassley, Iowa Republican, made his comments during a radio interview in Cedar Rapids, Iowa. AIG has received more than $170 billion in federal bailout money, and the government now owns about 80 percent of the corporation.
“I suggest, you know, obviously, maybe they ought to be removed,” Grassley said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and come before the American people and take that deep bow and say, ‘I’m sorry,’ and then either do one of two things: resign or go commit suicide.”
Wow, I didn’t know that hara-kiri was a retirement option. I need to take a closer look at my plan.
AIG executives might be inclined to meet Grassley’s terms, but they will have to get another bonus first.
You know, the reasoning for giving AIG $170 billion in bailout money was that the company was too big to fail. So I’m thinking AIG executives probably think they are too important to die.
Of course, AIG executives won’t commit suicide. Their insurance policies don’t pay out for suicide.