California Democratic Rep. Brad Sherman told Bloomberg last week that AIG should be put into receivership.
(Further Goldman Sachs connection – AIG CEO Liddy was on Goldman Sachs’ board of directors when Henry Paulson was its CEO.
Now, Sherman tells Talking Points Memo Treasury ALREADY has the power to void the bonuses.
Sherman adds that this is why he voted against the original bailout: he didn’t think Treasury would use that power.
And, why does TPM disable user comments on this story? C’mon, Josh.
If you want to cut off the AIG gravy train, Jane Hamsher has a petition drive.
In the meantime, don’t believe Obama’s claim to be an everyman on this issue until he proves it.
Or, here’s another way Sherman put it:
“The problem now isn't too big to fail. It's too well-connected to fail.”
Someone give this Congressman a cigar!
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