AIG hearts Meridian


U.S. Rep. Walt Minnick made the following statement at today's hearings on retention bonuses paid at the giant insurance schemer which still has a presence in Main Street Meridian:
I opposed the TARP bill and I opposed the bailout for AIG. I'm a businessman, and when I bought businesses I took due diligence seriously. We taxpayers shouldn't buy companies or socialize businesses. Having made the mistake with AIG we should not now throw good money after bad. Instead, we should now withdraw taxpayers' support and let AIG go bankrupt, let a federal bankruptcy judge void these ill-advised bonus contracts, sort out the losses, and bring in new, qualified management to properly manage AIG free of one more nickel of taxpayer support. Thank you, Mr. Chairman.
AIG Chief Liddy promised to return some of the bonuses