TPMMuckraker
Ed Liddy: May 2009

AIG Chief Liddy To Step Down

Zachary Roth | May 21, 2009, 4:41PM

AIG CEO Ed Liddy, who was brought in by the government to try to stabilize the firm amid the financial crisis last fall, is going to step down.

It's unclear exactly why, and for how long the departure had been planned. Here's the key part of AIG's press release:

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AIG, Ed Liddy, Financial Crisis, Wall Street

AIG: Our CEO Didn't Know Enough To Testify About What He Testified About

Zachary Roth | May 13, 2009, 5:49PM

Is a cornered AIG now trying to cast doubt on a key part of CEO Ed Liddy's testimony? It sure looks that way...

In his testimony in March before Congress, Liddy was asked about the company's risk management practices concerning AIGFP, the unit of the firm that made those disastrous credit default swaps.

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AIG, Ed Liddy, Financial Crisis, Joseph Cassano, Martin Sullivan, Wall Street

AIG Sets Date For Liddy Testimony -- But Only Under Threat Of Subpoena

Zachary Roth | May 1, 2009, 11:45AM

AIG and the House Oversight committee have agreed to a date, May 13, on which the firm's CEO, Ed Liddy, will testify before the committee. But it looks like Liddy will be going to Washington kicking and screaming.

As we noted earlier this week, the committee invited Liddy to testify May 6, and told us that it expected to see him then. But today the Wall Street Journal reports (sub. req.) that that day "was scrapped because AIG is due to report its results for the first quarter the following day."