Grassley faces criticism over AIG comments - KWWL - Eastern Iowa Breaking News, Weather, Closings

Grassley faces criticism over AIG comments


WASHINGTON, DC (KWWL) -- Iowa's senior senator Chuck Grassley is taking some heat on Capitol Hill over expressing his outrage over AIG's plans to use government bailout money for executives' bonuses.

In a call in to WMT Radio on Monday, Chuck Grassley suggested AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.

"The first thing that would make me feel a little bit better about them is if they follow the Japanese's example and come before the American people and take that deep bow and say 'I'm sorry' and do either one of two things, resign or go commit suicide," Grassley said.

Grassley spokesman Casey Mills says the senator "doesn't want U.S. executives to do that," but says those who accept tax dollars and spend them on travel and bonuses do so irresponsibly.

Mills told the website Politico that Grassley was speaking rhetorically. She says Grassley's point was that there's no culture of shame in the U.S. and no acceptance of responsibility for driving a company into the dirt.

She said if you asked the senator whether he really wants AIG executives to commit suicide, he'd say of course not.

Online Producer: JJ Murray

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