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Souder Questions AIG Executives and Calls Actions “Disgusting”October 7, 2008 U.S. Rep. Mark Souder questioned top executives from AIG at a hearing in the Oversight and Government Reform Committee. The Committee held the hearing to examine the financial excesses that led to the government bailout of AIG. Included below are a few of Souder’s questions: “One of the big frustrations of anyone across America watching this right now is that you keep referencing a market driven, financial tsunami, as if you were not a part of it. The taxpayers have already put in 61 billion dollars (of the 80 billion available). Do you feel that you have any personal responsibility for the current state of our economy? “You took incredible risk without warning people and the evidence of that risk is that, by your own explanation, one accounting rule change put your company under and the taxpayers had to step in. How in the world does an executive leave their company so vulnerable, that when they leave, all the sudden the company goes broke? Especially when you claim you were making money before and you act astounded, like everything would have been fine if they had not changed this one accounting rule. The fact is you went belly-up and now you’re sticking it to everyone else in America” Following the hearing, Congressman Souder issued the following statement: “It is absolutely unbelievable that these executives refused to take responsibility for their role in the current financial situation. This unbridled greed and callous abuse of the trust of hard-working Americans’ savings is just so disgusting it is hard to put into words.”
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