AIG has debts that no honest man can pay
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.