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.
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