Senator Suggests AIG execs Commit ‘Hari Kari’ to Restore Their Honor

March 17, 2009

(ChattahBox) — Outrage over the disclosure that AIG intends to pay its executives $165 million boiled over into a harsh call by Iowa Sen. Charles Grassley who suggested on Monday that AIG executives should take the ancient Japanese samurai hari kari approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.

The Republican made his harsh remarks during an interview with Cedar Rapids, Iowa, radio station WMT saying:

“I suggest, you know, obviously, maybe they ought to be removed,” Grassley said. “But I would suggest the first thing that would make me feel a little bit better toward them 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.”

Casey Mills who is Grassley’s probably very over-worked spokesman later tried to backtrack for the senator saying he doesn’t want them to kill themselves, but wants apologies. In truth congress and government leaders need to take some responsibility themselves. A push for greater derivatives regulation of the Commodity Futures Trading Commission, led by a former Wall Street attorney named Brooksley Born, was blocked in 1999 by strong opposition from then-Fed Chairman Alan Greenspan and senior Clinton administration officials. Going way back to 1993, Congress limited the tax deduction companies could take for cash payments to $1 million. The result was that lawyers went to work on pay packages with creative legal strategies that now make the AIG bonuses difficult to rescind.


4 Responses to “Senator Suggests AIG execs Commit ‘Hari Kari’ to Restore Their Honor”

  1. B.J. Baker on March 17th, 2009 7:28 am

    How sad that an elected official has such little regard for human life that he finds it acceptable to advise someone to commit suicide. I find Senator Grassley’s remarks to be ignorant and racist. I hope the people of Iowa take a good look at the man they elected to office.

  2. maffeo1492 on March 17th, 2009 1:37 pm

    do the senators have their retirement with aig

  3. Eric on October 3rd, 2010 5:20 pm

    This is assuming that those AIG people had honor in the first place…

  4. Harikari honor | Topimage on March 31st, 2012 11:28 am

    […] Senator Suggests AIG execs Commit 'Hari Kari' to Restore Their Honor Comments Off […]

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