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Grassley: That AIG Suicide Thing? Didn't Really Mean It.

It took only one day for Sen. Chuck Grassley (D-Iowa) to back away from comments he made yesterday saying AIG executives should "resign or go commit suicide."

“What I’m expressing here obviously is not that I want people to commit suicide. That’s not my notion,” Grassley said today. “But I do feel very strongly that we have not had statements of apology, statements of remorse, statements of contrition on the part of chief executives of manufacturing companies or banks or financial services or insurance companies that are asking for bailouts.”

So Grassley still wants an apology from AIG for nearly bringing down the global financial system and awarding $165 million in bonuses, some of which went to executives in its Financial Products division that nearly did the deed.

But he's charitably backed off the harakari.

-- Frank Ahrens
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By Frank Ahrens  |  March 17, 2009; 2:39 PM ET
Categories:  The Ticker  | Tags: AIG, Chuck Grassley, bonuses  
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Next: $1 Million Bonuses for at Least 73 AIG Executives

Comments

Grassley's a Republican.

Good post, though... I don't care much for Grassley but loved his comment.

Posted by: cprach | March 17, 2009 2:58 PM | Report abuse

now that the bonus details are out, i think Grassley's backing off his suicide remark b/c he's going to personally murder them before they have time to commit harikari.

Posted by: millionea7 | March 17, 2009 3:32 PM | Report abuse

Right On, Senator Grassley...

Posted by: jerkhoff | March 17, 2009 4:20 PM | Report abuse

We knew he didn't mean it literally and can appreciate the sentiment. These bright lights still don't think they did anything wrong.

Posted by: SarahBB | March 17, 2009 4:50 PM | Report abuse

harikari sounds right, but resigning would be better than nothing. Sounds like he might have backed off on that too. They're not even capable of feeling remorse, that's also for lesser mortals.

Posted by: newageblues | March 17, 2009 7:53 PM | Report abuse

Let these Masters of the Universe really take responsibility for what they have done.

One possibility: Take out a full page ad in the New York Times and Washington Post (they can afford it) apologizing for their malfeasance and turning down any bonus.

I'm not going to recommend harakiri, but the ads would be a positive step and may defuse some of the anger out there.

Posted by: EnemyOfTheState | March 17, 2009 7:58 PM | Report abuse

If all the people who led us to this mess committed harakiri, there wouldn't be a single suit left on Wall Street - There would be fewer politicians in Washington too. Won't That be a good thing!

Posted by: GaurabArkaChaudhuri | March 17, 2009 9:40 PM | Report abuse

I find Grassley's remarks over the edge. This right-wing agenda of being the moral police in the country has not learned about word choice. We may all have certain feelings about the obscene bonuses that are going to AIG executives. Actually, the salaries of CEOs and their fat cat friends have become obscene. All of this can be traced back to Reagan with the 1986 tax reform to be amplified by Bush II when he undid Clinton's successful strategy of restoring sanity to our tax code.

The really sad thing about all of this is the lack of our legislators to use statesmanlike outrage at this type of corporate misbehavior.

Trying to tie the knot around Tim Geitner and other current administration officals is to say that these bonuses were contracted and paid out within the past 60 days.

I remember well a blog when TARP was passed last October. The blogger said that the Bush cronies finally made the last big raid on the US Treasury. When the last 8 years finally come to light, we will be sick at how much of our country went into the back pockets of the wealthy few.

I have said before and I say again, Madame Dufarge is taking up knitting again. The outrage now seems reminiscent of the French Revolution. Our republic works. We did elect a change in direction on Nov. 4. However, the sore losers are determined to make the current administration fail.

Posted by: EarlC | March 17, 2009 9:47 PM | Report abuse

I can understand Grassley's outrage. We seem to be forgetting that our problems all stem from Greed, not "excessive greed" as mentioned by the President earlier today but Greed period and until this disease can be cured in our society, both the public and private sector,otherwise the problems devastating the economy will only get worse.

Posted by: madden41 | March 18, 2009 5:12 PM | Report abuse

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