AIG Execs Should Quit or Commit Suicide: GOP Senator

Grassley urges bosses to follow 'Japanese model' and fall on their swords
By Rob Quinn,  Newser Staff
Posted Mar 17, 2009 2:40 AM CDT
Sen. Charles Grassley, R-Iowa, ponders on Capitol Hill. Grassley suggested yesterday that AIG executives should take a Japanese approach toward accepting responsibility.   (AP Photo/J. Scott Applewhite, File)
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(Newser) – AIG's bigwigs should follow the "Japanese example" for shamed executives and fall on their swords, Iowa Sen. Charles Grassley believes. The Republican lawmaker told a local radio program that  the bosses responsible for running the business into the ground should bow before the American people and apologize, reports ABC. Then they should "do one of two things: resign or commit suicide," the senator concluded.