Times: "US senator Charles Grassley suggests AIG executives commit suicide"
As politicians around the world compete to take the toughest stance against banking excesses, one Republican senator has surely taken an unassailable lead. Last night he suggested that AIG executives should take the “Japanese” approach to responsibility and kill themselves.
Charles Grassley, Senator for Iowa, was speaking after it emerged that AIG, the stricken insurance giant, had awarded its staff $165 million in bonuses despite accepting a multi-billion dollar government bailout.
In an interview with a local radio station, Mr Grassley said: “I would suggest the first thing that would make me feel a little bit better toward them is if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then either do one of two things: resign or go commit suicide.
“And in the case of the Japanese, they usually commit suicide before they make any apology.”