American International Group President and CEO Robert Benmosche fired back at The New York Times in response to a Dec. 24 editorial the paper ran on whether the circumstances surrounding the 2008 bailout of the insurance giant could ever happen again.
The Times piece, "Could AIG Happen Again?" mainly addressed laws and regulations enacted in the wake of the financial crisis, and made a case that the global financial system remains vulnerable due to regulatory delays, opposition from the financial-services industry, and inaction from political leaders.
The thrust of the Times op/ed is summed up in its final sentence, "It is imperative that policymakers speed up the rules to help correct critical vulnerabilities in the financial system."
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