AIG may be a corporate behemoth that needed billions of taxpayer dollars to pay off its toxic debts (and to sponsor an English soccer team and pay huge executive bonuses), but darn it, it's a polite corporate behemoth that just needed a little help from its friends.
And when it finds a few million dollars lying around, AIG spends those dollars on a thank you note to the American people:
Note that gratitude was not always the attitude of AIG's CEO Bob Benmosche…
"Everybody said it's just not going to happen, they'll never pay [the bailout] off," he goes on. "SIGTARP, Elizabeth Warren, Gretchen Whatshername in the New York Times. The fact is we now have succeeded in getting the Fed back all of their money, and we're just close to getting the Treasury paid back. And do you know," he adds, an indignant note creeping into his voice, "neither of them have ever said 'Thank you'?
Indeed, AIG did pay Treasury its money back and gave us this nice PR stunt to boot, so I'm sure Tim Geithner is putting the finishing touches on Benmosche's fruit basket right now.
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Tags: AIG, Economy, Money, Treasury Department