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Economic Snapshot: The AIG Hearing's Best Lines


Our unscientific poll.


Oh, AIG (AIG).

There's little sense in recapping the beleaguered insurance company's assorted transgressions - the list is long and, this many months later, tiresome. Suffice it to say that American International Group has, in its own special way, redefined shamelessness.

Government-installed CEO Edward Liddy didn't make the mess -- he's ostensibly there to fix it -- but he bore the brunt of the nation's seething anger when he faced a steamed House subcommittee yesterday.

Which begs the question: Which camera-lovin' lawmaker laid the best smackdown? our Economic Snapshot has the saltiest of the salty.

The AIG Hearing's Best Lines

"Probably not. I think the company would have spiraled into bankruptcy."

- CEO Edward Liddy on whether AIG would have paid out bonuses in the absence of federal funds

Economic Snapshot
"Well, offense was intended. So you take it rightfully, sir."

- Rep. Stephen Lynch (D-MA), on Liddy's claim he took offense to the congressman's line of questioning

"Part of me wants to say to some of the loudest critics, 'What did you expect and why weren't you asking more questions before?' I would argue that the real outrage now is the $170 billion of taxpayer money that's been pumped into this company and to what effect."

- Rep. Scott Garrett (R-NJ)

I'd just as soon you get rid of them."

- Rep. Michael Capuano (D-MA) responding to Liddy's claim that AIG executives will resign if forced to return bonuses

"I voted against the bailout of AIG, and I wrote an editorial at the time: 'Bailout Plan could Mutate Into a Gravy Train of Tax Money.' Well it has."

- Rep. Ed Royce (R-CA)

"Eat it now. Take it out of your profits down the road. It's a lot sweeter now than it's going be later."

- Rep. Gary Ackerman (D-NY), on bonus money

"AIG now stands for arrogance, incompetence and greed."

- Rep. Paul Hodes (D-NH)

No positions in stocks mentioned.

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