Last month, AIG CEO Robert Benmosche told the Wall Street Journal that the public anger over AIG's post-bailout bonus structure was akin to lynching "sort of what we did in the Deep South [decades ago]." "And I think it was just as bad and just as wrong," he told the Journal.
When we pointed out AIG CEO Benmosche's somewhat disconnected-from-reality comments comparing banker-treatment to lynchings of black people in the deep south, we suspected there would be fallout. Sure enough, none other than Rep. Elijah Cummings (among the leading investigators into the 2008 excesses that led to AIG's bailout) has called for Benmosche to "resign his position as CEO immediately." Cummings stated: