TPMMuckraker Ed Liddy
AIG
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:
PERMALINK | COMMENTS (0) | RECOMMEND RECOMMEND (1)Topics: AIG, Ed Liddy, Financial Crisis, Wall Street
AIG
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.
Topics: AIG, Ed Liddy, Financial Crisis, Joseph Cassano, Martin Sullivan, Wall Street
AIG
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."
PERMALINK | COMMENTS (0) | RECOMMEND RECOMMEND (1)Topics: AIG, Bailout, Ed Liddy, Financial Crisis, House Oversight, Wall Street
AIG
Congress To Ask Liddy: "What Caused The Downfall Of AIG?"
Zachary Roth | April 27, 2009, 10:22AM
AIG CEO Ed Liddy has already testified once before Congress about his firm's starring role in the financial crisis. But it looks like he'll soon be doing so again.
Last week, Rep. Ed Towns -- who chairs the House Oversight Committee, which is probing the causes of the crisis -- sent a letter to Liddy inviting him to appear May 6th. Among the topics that Towns intends to cover, according to the letter: "What caused the downfall of AIG?" and "what has AIG done with its Federal financial assistance?"
PERMALINK | COMMENTS (0) | RECOMMEND RECOMMEND (4)Topics: AIG, Bailout, Ed Liddy, Edolphus Towns, Financial Crisis, House Oversight, Wall Street
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