Edward Liddy Is Not the Devil

Without question, Liddy is not the personification of greed, as the weak-minded would have you believe. Rather, he is the perfect symbol of the unintended consequences of government “assistance.”

When the government forked over $165 billion of taxpayer money to AIG last year, it figured, correctly, that it now owned the company. The problem, however, is that the people we’ve elected to run the government can barely manage the books of their own over-leveraged and under-performing organization.

Politicians have a flair for flare, but not for finance. So their first managerial instinct is to lock Liddy’s head and wrists in a revolutionary-era stockade and lash his backside for bonuses he didn’t initiate.

via Edward Liddy Is Not the Devil by Melissa Francis on NRO Financial.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: