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Goolsbee Chides AIG CEO to Mind His Tongue

By Lois Romano
In early September, Robert Benmosche, the new CEO of bail-out recipient American International Group, derisively referred to the federal government as "all those crazies down in Washington."

Now, in an interview for the Post's Voices of Power series, White House economist Austan Goolsbee cautions the insurance giant AIG to count to ten before again swiping at its major stakeholder.

"I don't know what the new CEO [Robert Benmosche] is referring to when he's saying the government people are 'crazies,' but I would just caution them not to be too cheeky because, the government ‑‑ the American people saved the day and they didn't do it because they liked AIG or they thought they were really great guys who deserve hundreds of billions of dollars," Goolsbee said in the interview, posted online today.

"I mean, they did it to prevent the economy from melting down, and I think people ought to be a little more circumspect in their pronouncements about the government," Goolsbee said.

Goolsbee, a member of the White House Council of Economic Advisers, was circumspect when asked about Benmosche's staggering $7 million compensation package.

Posted at 9:50 AM ET on Sep 24, 2009  | Category:  Cast of Characters
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Comments

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This coming from someone that takes a week off the first week on the job. I wouldn't think that anything that the CEO says is too credible at this point. How can it be when this is is the attitude that is portrayed by the head of the company. What arrogance this displays.

Posted by: srhodge | September 24, 2009 1:37 PM

Here's the thing.

AIG should be broken into a dozen companies, with no place for "Too Big to Fail"

but that would require a president and a congress not in corporations vest pockets.

Posted by: tru-indy | September 24, 2009 10:39 AM

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