Cramer’s “Outrage of the Day” AIG
Cramer had harsh words for AIG (AIG) CEO ED Liddy. He said enough is enough and added the CEO to his “Wall Of Shame” list for the worst CEOs in America. Cramer explained that Liddy didn’t create AIG’s problems, he only inherited them, but he’s appalled that those at the company who were part of the original problems still have jobs, and are now being awarded with bonuses. Cramer’s biggest problem with Liddy is that AIG has yet to fully disclose its exposure to credit default swaps. AIG had put the figure at around $50 million, but now thinks the figure is much closer to $105 billion. “They just lied to us,” Cramer said. He questioned why nobody is being held accountable since the taxpayers are the true owners of the company. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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