From The Huffington Post, a potentially explosive investigative piece from Thomas Edsall and Robert Dowling looking into whether New York Attorney General Andrew Cuomo’s huffing and puffing about AIG might have been reactive and a changed position from an earlier statement, made jointly with AIG’s then new-CEO Edward Liddy on October 16, 2008. The sentence from the joint release at the heart of the HuffPo piece:
Attorney General Cuomo added, ‘These actions are not intended to jeopardize the hard-earned compensation of the vast majority of AIG’s employees, including retention and severance arrangements, who are essential to rebuilding AIG and the economy of New York’.
The authors go on to meticulously detail squirming in March and April from Cuomo in response to reporters’ attempts to look into this. Read it.
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What do you think about AGs’ using the subpoena power when they don’t seem to have any crime in mind as having possibly been committed?
I’m not ignoring this comment. This is a really important question, and I actually have several tabs open resulting from this. It’ll likely end up as it’s own post tonight or tomorrow.
I look forward to seeing your thoughts!