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Wednesday, March 18, 2009
News He said it
Posted By Rhiannon Fionn-Bowman on Wed, Mar 18, 2009 at 11:10 AM
I'm good with Japanese style. You? But, before we get hasty, let's make sure their wills direct their estate to empty itself into the public coffer.
Sen. Charles Grassley wants AIG executives to apologize for the collapse of the insurance giant - but said Tuesday that "obviously" he didn't really mean that they should kill themselves.The Iowa Republican raised eyebrows with his comments Monday that the executives - under fire for passing out big bonuses even as they were taking a taxpayer bailout - perhaps should "resign or go commit suicide."
But he backtracked Tuesday morning in a conference call with reporters. He said he would like executives of failed businesses to make a more formal public apology, as business leaders have done in Japan.
"What I'm expressing here obviously is not that I want people to commit suicide. That's not my notion," Grassley said Tuesday. "But I do feel very strongly that we have not had statements of apology, statements of remorse, statements of contrition on the part of CEOs of manufacturing companies or banks or financial services or insurance companies that are asking for bailouts."
Read the rest of this Charlotte Observer article here.
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