AIG and Liddy: Questions for Congress

Oh my, the spinmeisters are out this morning:

Liddy, who was only being paid $1 a year, will not receive a severance package. "One reason I did this for $1 a year was because it was not a permanent position," he added.

Uh huh.

Liddy took over in September and is leaving "now" (or something close to now.) AIG has funnelled more than $10 billion of taxpayer funds to Goldman Sachs (GS).

Here is a chart of Goldman's stock price from September to today:

Two questions:

1. How many shares of Goldman Sachs does Liddy own?
2. What would Goldman's stock price be today if Liddy had not "guided" AIG through being used as a conduit to funnel $10 billion dollars of taxpayer money to Goldman Sachs?

He took a $1 salary and will take no severance as a "public service" eh?

My, aren't you gullible America - and Congress.

Disclosure: No position in Goldman or AIG.

Comments

[MetalHammer339:]

L E M M Y

May 22 03:33 PM

[dcb:]

Note, this gets him out of the next round of congressional hearings. the same way kaskari (sp) did. what a surprise, how about the trial and conviction. When the public and congress shut off the ability of Liddy to get money to Goldman had no job. I have said and always said the dollar/year is a sham the guy will be well paid by someone for his service.

May 22 05:27 PM

[Adam Sharp:]

The sheer ballsiness of the whole operation is mind-boggling. If you want a good laugh, check out this Fox News piece from 2006:

"Goldman Sachs Executives Gifted with Public Purpose":
www.foxnews.com/story/...

Keep working to expose it Karl, maybe one day we'll get some reform/justice/change.

May 23 03:52 AM

[pocono:]

im glad someone gets it!

May 23 10:24 PM

[pocono:]

GS has its hands on everything

May 23 10:26 PM