Former AIG CEOs back credit default swap regulation
Tue Oct 7, 2008 1:33pm EDT

WASHINGTON, Oct 7 (Reuters) - Two former chief executives of American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) said they would back regulation of the credit default swaps market in testimony at the U.S. House Oversight and Government Reform hearing on Tuesday.

* Robert Willumstad, CEO from June through mid-September 2008, said that if the right regulation was put in place he would support it.

* Martin Sullivan, who stepped down as CEO after 3 years in June 2008, also said he backed regulation.

* Investments in this market contributed to the company's cash crisis and eventual rescue by the government.
maladroit Reviewed by maladroit on . shell oil corporation president: please regulate us! Shell Canada president wants better co-ordination on climate change Last Updated: Friday, November 7, 2008 | 1:23 PM ET John Weidlich, CBC News Governments across the country need to get their act together on policies to address climate change, the president of one of Canada's major oil companies says. Brian Straub, president of Shell Canada, said Thursday that voluntary efforts to reduce greenhouse gas emission should be replaced by coherent and consistent government-mandated rules. Rating: 5