Given the complexity of the problem Mr. Liddy is tasked with resolving, I feel like all other things being equal he is doing a good job.  He's kept the company out of Bankruptcy, avoided massive lay off's and a further meltdown. 

Evidently Wall Street feels that he's doing a good job as well. After his testimony yesterday the stock was up 42%.  In pre-market trading this morning it is up another 1/2, or 38%.

Here is what I feel like Congress and the media doesn't understand or has otherwise chosen to overlook for the benefit of sensational media bites.

AIG has 116,000 employees.  Congress seems to want him to gut the company down to a skeleton crew.  While this would be a great PR move, many of these people are mission critical to the daily operation and long term success of AIG.

Congress does not seem to understand the complexity of "winding down" AIG FP.  What they seem to appear to want Mr. Libby to do is gut the operation thereby leaving 1.6 trillion dollars worth of derivative securities to unwind and manage themselves.  Ha!

Barney Frank wants the names of everyone that received a bonus?  For what purpose?  Is he going to personally go after everyone on the list and tell them to repay the bonus money?  Is he or the Committee going to sue these people?  I appreciate Mr. Liddys concern for his employees welfare, his concern alone on this issue tells me he's a stand up guy.

Since we're on the bonus band wagon, I agree that to some people the bonus they received was excessive.  To others they probably weren't.  What I don't think is coming to light are the bonus's to the troops.  What about the customer service person that got a bonus, the Executive Assistant that got a bonus, or the Actuary that got a bonus?  Of the $165 million, how much of that went to non "C" level Exec's?

Congress seems to want Mr. Liddy to do what "looks good" as opposed to making smart business decisions.

The other thing that Congress seems to want to over look is the correct amount of "tax payer money" that has been injected into AIG.  My understanding is that they have loans from the Fed in the amount of $78 billion.  Isn't the Federal Reserve a Bank essentially?  If they are lending their money, at what point do we as taxpayers get to say that a loan they made is our money?

The other thing that I think is completely outrageous is that Congress is making such an issue out of the fact they weren't informed in advance, ahead of the other shareholders, of the impending bonus.  While I agree that making public the bonus on Saturday afternoon is a BAD PR move, I don't see how Congress in entitled to receive notice of substantial Corporate events than normal share holders.

 My suggestion to AIG would be, should they want Congress to be more involved in the process is to add one of their members to the Board of Directors and burden them with keeping Congress involved.  Making the Fed the messenger to all other Government Agencies I don't see as being their job.  They're the bank right?

The Fed/Treasury have purchased $100 million in derivative securities at 30-40 cents on the dollar. Thereby making the "Par value" of these securities $300-$400 billion.  That could be quite a windfall for the US government should they pay off not to mention the interest earned on the securities.

Give Mr. Liddy some time and credit for walking into what he probably knew in advance was going to be a hornets nest. The man probably doesn't need the drama or aggravation of this mess not to mention the personal threats that have been made to him and his family.  Give him some credit for avoiding a complete implosion of this company.  And last but not least, give him some credit for having a sincere concern for the people that run AIG on a daily basis.

 Anyone else think he deserves some credit?