Thursday, May 21, 2009

AIG: ABANDON SHIP

NYT--"The American International Group said Thursday afternoon that Edward M. Liddy was stepping down as chairman and chief executive of the troubled insurance conglomerate, The New York Times’s Mary Williams Walsh reports."

No need to read between the lines on this one. The carcass has served its final dubious purpose. Who knows how long it will be left to rot in the shadow bailout sun.

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