Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Congressman Brian Bilbray (R-Calif.) asked Liddy how long it would take to pay back taxpayer money.
Bilbray asked, “Are you hoping to be able to pay back the taxpayer before the ceiling falls in….How long will it take to pay the taxpayers back?”
Liddy replied, “Somewhere between three and five years. What makes the answer so difficult is how strong will the economy be worldwide and how strong will the financial markets be worldwide.” Listen
AIG Will Aims To Pay Back Taxpayers In 3-5 Years
Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Congressman Brian Bilbray (R-Calif.) asked Liddy how long it would take to pay back taxpayer money.
Bilbray asked, “Are you hoping to be able to pay back the taxpayer before the ceiling falls in….How long will it take to pay the taxpayers back?”
Liddy replied, “Somewhere between three and five years. What makes the answer so difficult is how strong will the economy be worldwide and how strong will the financial markets be worldwide.”
Listen