Liddy AIG bailout News

AIG Ex-CEO Liddy Defends Closeness with Government During Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win concessions on the harsh terms of an $85 …

AIG Ex-CEO Liddy Testifies on Role in Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy testified he chose not to buck government overseers who selected him to run the bailed- out insurer. Developing trust with regulators was for the “benefit of AIG,” he told the …

AIG Bailout Trial Probes Role of Ex-CEO Liddy

Former American International Group Inc. Chief Executive Officer Edward Liddy will face a key question on the witness stand in a trial over claims shareholders were cheated of at least $25 billion in the insurer’s bailout: was he or the …