Obama, Grassley lead charge against AIG

On an Iowa radio show, Sen. Charles Grassley suggested that AIG executives follow the "Japanese example" at AIG. Says "execs should resign or kill themselves..."


msnbc.com staff and news service reports
updated 14 minutes ago

WASHINGTON - From the White House to Capitol Hill, outrage continues to grow over insurance giant AIG's executives receiving $165 million in bonuses after taking billions in federal aid.

President Barack Obama called the company reckless and greedy, Senate Democratic Leader Harry Reid said he wants the money paid back, and a Republican lawmaker from Iowa even suggested that AIG leaders should take a Japanese approach toward accepting responsibility for the collapse by resigning or killing themselves.

"Obviously, maybe they ought to be removed," said Sen. Charles Grassley during an Iowa City radio interview on Monday. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."


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