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AIG Hired To Regulate AIG
town hall ^ | 7/15/10 | Jillian Bandes

Posted on 07/15/2010 10:33:57 AM PDT by Nachum

Sometimes, the revolving door spins a little too quickly.

James Cole, Obama’s recent nominee for Deputy Attorney General, has worked as an independent consultant at AIG for the past five years – the company at the center of Department of Justice investigations as recently as two months ago. His firm was paid $20 million to assist with AIG’s legal compliances in that investigation.

If confirmed, Cole could potentially be responsible for deciding if and how future cases of fraud would be pressed against AIG. Just as alarming was the way he handled the now-closed case when he was working for AIG. According to one Republican advisor, “It's like hiring the security firm to guard your bank after it failed to detect the last major bank heist in town."

(Excerpt) Read more at townhall.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: aig; hired; regulate
Yeah, that's the ticket.
1 posted on 07/15/2010 10:33:59 AM PDT by Nachum
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To: Nachum
These folks can never be trusted.

But what to do about it?

Prime example comes to mind, in WW II they disclosed shipping manifests(required by insurance, get it?) to Nazi's so U-boats could pick & choose, etc..

2 posted on 07/15/2010 10:41:23 AM PDT by norraad ("What light!">Blues Brothers)
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To: Nachum

I must see the offending ad so I may know how offended I need to be.


3 posted on 07/15/2010 10:48:13 AM PDT by lovecraft (Specialization is for insects.)
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To: lovecraft

Okey that was weird...please disregard the above post. It was supposed to go on a Pamela Anderson thread. :)


4 posted on 07/15/2010 10:49:46 AM PDT by lovecraft (Specialization is for insects.)
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To: Nachum

Fox, meet hen-house.


5 posted on 07/15/2010 10:53:19 AM PDT by dfwgator
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