AIG has a current board of 11 directors. Of those, seven have been on the board since at least 2006 and five have been there since 2005 or before. Two directors have been around since the 1990s. One of them is Martin Feldstein, who has been in that position since 1987. He is also a member of President Obama’s Economic Recovery Advisory Board. If anyone can explain that unique convergence of events, maybe they can tell us when the Dow will be back up to 14000.
Question to Treasury Secretary Timothy F. Geithner: Why are these directors, who were presiding (or was it slumbering?) over the company when the seeds of its record disaster and taxpayer calamity were being sewn, still allowed anywhere within a five block radius of AIG’s boardroom?