Poor Ed Liddy... apparently by criticizing his statements, we little people hurt his feelings. Douglas A. McIntyre chastises us,
Liddy had committed one unpardonable sin, or at least that was the story that several members of Congress wanted to believe. He had agreed to previously planned bonuses for AIG employees who worked in the part of the company that had created many of the insurance firm's losses. Liddy was clear in making the point that AIG had a legal obligation to make the payments. He would have been better off to hold his tongue. The minute he gave an explanation for his actions, no matter how rational it was, his interrogators seized on it as another act of either bad faith or stupidity on his part.Well, gosh... there you have it. So what can I really say, but this: "Mr. Liddy, I'm so sorry that when you, an insurance company executive and former CEO of Allstate, started lecturing the country on the sanctity and inviolability of contracts, I didn't thank you for telling me that it was raining."
Update: Jane Hamsher takes on the various "factual" assertions in McIntyre's editorial.