Minnick: Let A.I.G. Go Bankrupt

“I opposed the TARP bill and I opposed the bailout for AIG. I’m a businessman, and when I bought businesses I took due diligence seriously. We taxpayers shouldn’t buy companies or socialize businesses. Having made the mistake with AIG we should not now throw good money after bad. Instead, we should now withdraw taxpayers’ support and let AIG go bankrupt, let a federal bankruptcy judge void these ill-advised bonus contracts, sort out the losses, and bring in new, qualified management to properly manage AIG free of one more nickel of taxpayer support. Thank you, Mr. Chairman” — Walt Minnick, at House subcommittee hearing on A.I.G. this morning. H/T: Kevin Richert, Idaho Statesman .

Question: What do you think of your congressman’s attitude toward A.I.G.?