Quote of the day - Senator Grassley discussing AIG Execs

A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their actions.

Senator Charles Grassley, the top Republican on the Senate Finance Committee, made his comments on the Cedar Rapids, Iowa, radio station WMT on Monday.

"The first thing that would make me feel a little bit better toward them (is) if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide," Grassley said.

"And in the case of the Japanese," he added, "they usually commit suicide before they make any apology."

http://www.reuters.com/article/ousiv/idUSTRE52G3BQ20090317