Newly appointed AIG CEO, Edward Liddy, talks about the future of the company and confronts allegations of frivolous spending in the wake of the insurance company's taxpayer bailout. Liddy talks positively about the new direction of AIG, but the Believability Meter thinks he might just be putting up a brave front. Maybe that reading indicates an unrevealed plan to dismantle and liquidate its assets permanently.

Also worth noting is the Believability Meter's negative reaction when Liddy attempts to explain away AIG's recent front page spa fiasco, in which company execs were spending borrowed tax dollars on manicures, massages and golf. Liddy may be covering up for their reckless behavior, or genuinely uninformed, incompetent management does not bode well for the federal government's investment in AIG. Do you support taxpayer bailouts of failed companies? Tell us what you think.