Watch AFSCME on “60 Minutes” for Sounding Alarm Early on AIG (join our campaign)

[Omaha Steve]

http://www.afscmeblog.org/2009/05/15/watch-afscme-on-%E2%80%9C60-minutes%E2%80%9D-for-sounding-alarm-early-on-aig/?__utma=1.2346843193277722000.1237762290.1242172572.1242483146.31&__utmb=1.4.10.1242483146&__utmc=1&__utmx=-&__utmz=1.1241204856.26.11.utmcsr=google|utmccn=(organic)|utmcmd=organic|utmctr=make%20america%20happen&__utmv=-&__utmk=224446746

May 15th, 2009



This Sunday night, the CBS News program “60 Minutes” will feature a story on American International Group (AIG), the failed insurance giant bailed out by taxpayers with more than $180 billion. AFSCME has been a long-time critic of AIG and its top management. In the years before the company imploded, AFSCME repeatedly warned that AIG’s board and management were acting in ways that threatened the interests of shareholders, including the pension funds of AFSCME members and other working Americans. In early 2005, for example, AFSCME International President Gerald W. McEntee stated “AIG’s business practices put shareholders at risk for significant losses.”

Richard Ferlauto, director of corporate governance and pension investment at AFSCME, was interviewed for the “60 Minutes” story and is expected to be included in their report.

Tune in to “60 Minutes” this Sunday (May 17) at 7 p.m. ET on CBS.

And join our campaign against AIG at: www.afscme.org/greed

[Wapsie B]

1. Oh but they're just one of those evil unions.

:sarcasm:

Amazing how many people still believe that the unions are the cause of so many problems in this country and continue to worship the banks and the 1%ers.