Walsh, Jim
June 2009
Liberty (08941408);Jun2009, Vol. 23 Issue 5, p8
The author comments on attempts of former New York governor Eliot Spitzer at reputational rehabilitation. While he agrees that it is fair that public outrage was misdirected regarding the fat American International Group (AIG) executive bonuses, he believes Spitzer botched things when directed the outrage to the Treasury Department cash infusion to fund payments to counterparties to AIG's dubious insurance contracts. He declares that the real outrage is the involvement of equity ownership in this subsidy.


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