Monday
Feb022009
Stuart W. Bowen speaks at commission hearing on contracting in Iraq
Stuart W. Bowen is put in the hot seat at the wartime contracting hearing. He says that we need to have better quality assurance to keep track of how money is being spent and that a good quality assurance program (the government) is key to assure good contracting programs.
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AIG Chairman Makes Assurances But No Certainties
Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Chairman of the Committee Edolphus Towns (D-N.Y.) asked Liddy whether he "could assure that AIG would not need any additional Federal money," and whether he "could assure that taxpayers would get their money back?" Liddy made "assurances" that efforts were being made, but no certainties that this would be the case.
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