AIG has debts that no honest man can pay

September 24, 2009

Here’s more evidence that it would be better for the federal government to order the break-up of AIG sooner rather than later.

Former AIG chief executive  and chairman Robert Willumstad, in a speech today, says the taxpayer-supported insurer “owes the government more than it has the ability to pay back.”

TheStreet.com’s Lara Tara LaCapra covered Willumstad’s talk and has all the details.

Bonus coverage: Dealbreaker on White House economist Austan Goolsbee calling out current AIG CEO Robert Benmosche. Finally.

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