Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Gibbs Stonewalls On Prior Knowledge Of AIG Bonuses
FinkelBlog ^ | Mark Finkelstein

Posted on 03/16/2009 3:51:36 PM PDT by governsleastgovernsbest

Somewhere Ron Ziegler is laughing . . .

Pres. Nixon’s feisty late press secretary would have to tip his hat to Robert Gibbs for the brazen stonewall he put up today to Jake Tapper’s line of questioning on what the Obama administration knew about the AIG bonuses and when they knew it. Tapper’s basic point was this: instead of trying to stop the bonuses now, when the administration is in a relatively weak bargaining position, why didn’t the administration demand that the bonuses be killed as a condition for the granting of the latest billions in bailout money given to AIG only a couple weeks ago?

As you’ll see from the ABC transcript, Tapper ventured no fewer than 11 questions going to the point. But Gibbs had the smoke-and-dust machine turned to ‘high,’ and never gave a straight answer. The strong of stomach can view the video for the full exchange. Credit Tapper for his persistence. With a recalcitrant press secretary before him and a roomful of impatient reporters behind him, it took chutzpah to hang in there. CNN’s Ed Henry gets a major assist: after Jake eventually had to yield the floor, Henry asked a follow-up on the same subject, and eventually Gibbs had to give some ground, saying he’d “ask the Treasury” why Geithner didn’t review the bonus-granting contracts before cutting the latest check to AIG.

View video here.

(Excerpt) Read more at finkelblog.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: aig; bhopress; jaketapper; robertgibbs; timgeithner

1 posted on 03/16/2009 3:51:36 PM PDT by governsleastgovernsbest
[ Post Reply | Private Reply | View Replies]

To: Behind Liberal Lines; Miss Marple; an amused spectator; netmilsmom; Diogenesis; MEG33; PGalt; ...

‘Stonewall’ Robert Gibbs ping to Today show list.


2 posted on 03/16/2009 3:52:36 PM PDT by governsleastgovernsbest (Conservative criticism of the liberal media: www.finkelblog.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

I wish I had contractually provided bonuses at my job. I don’t even have base pay reduction protection. :(


3 posted on 03/16/2009 3:55:43 PM PDT by DonaldC
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

I got “video not found”.


4 posted on 03/16/2009 3:56:39 PM PDT by Krodg
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

Glad to see Tapper’s still going after ‘em.

Hadn’t heard anything from him for awhile. (Not that I’m exactly glued to press conferences starring Bambi’s buttboy Gibbs.)

Good luck getting anything out of the Zero Team, though, Jake.

What do you want to bet that every single one of the execs that got a bonus is a heavy contributor to the ‘Rats.


5 posted on 03/16/2009 3:57:46 PM PDT by Nervous Tick (Party? I don't have one anymore.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Krodg

I just tried it and it worked fine. Please try again and let me know if you have a problem:

http://finkelblog.com/index.php/2009/03/16/gibbs-stonewalls-on-prior-knowledge-of-aig-bonuses/


6 posted on 03/16/2009 3:59:13 PM PDT by governsleastgovernsbest (Conservative criticism of the liberal media: www.finkelblog.com)
[ Post Reply | Private Reply | To 4 | View Replies]

To: DonaldC

>> contractually provided bonuses

Isn’t that an oxymoron?

Well, it could be a contractual bonus based on, say, profitability or something. That would make sense.

...oh, wait...


7 posted on 03/16/2009 3:59:19 PM PDT by Nervous Tick (Party? I don't have one anymore.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Nervous Tick

Jake Tapper is turning out to be one of the good guys. Go get ‘em Jake!


8 posted on 03/16/2009 4:00:05 PM PDT by Free America52 (I just want it to be the way it always has been.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: governsleastgovernsbest

Gibbs should have told the truth—if we had done that, we wouldn’t have been able to demagogue the issue, duh!!!


9 posted on 03/16/2009 4:00:05 PM PDT by GatorGirl (Proud Citizen of the Gator Nation!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest
Gotta give Tapper props here.....he is the only member of the WH press corps not swallowing all of the the slop Gibbs dishes out.

Most.ImmatureAmateur.Presidential.Administration.Ever. (After Clinton Inc, that's really saying something).

10 posted on 03/16/2009 4:03:49 PM PDT by MamaLucci (It's Mourning In America........)
[ Post Reply | Private Reply | To 2 | View Replies]

To: governsleastgovernsbest

Everyone knows this bailout bs is all about political paybacks both here and abroad.


11 posted on 03/16/2009 4:05:49 PM PDT by freekitty (Give me back my conservative vote.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest; GatorGirl
Gibbs. Truth. That's funny.


12 posted on 03/16/2009 4:06:00 PM PDT by Diogenesis
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest
The strong of stomach can view the video for the full exchange.

Just seeing a still photo of Gibbs is enough to turn my stomach.

13 posted on 03/16/2009 4:10:18 PM PDT by silent_jonny ("When Christ shall come, And take me home, What joy shall fill my heart")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free America52

>> Jake Tapper is turning out to be one of the good guys. Go get ‘em Jake!

Jake Tapper is just being a JOURNALIST. Cynical and adversarial towards EVERYONE.

Real journalists like Jake were what the Founding Fathers had in mind when they wrote freedom of the press into the Bill of Rights — not the biased, agenda driven pseudo-journalist infotainment losers we’re overrun with now.


14 posted on 03/16/2009 4:11:32 PM PDT by Nervous Tick (Party? I don't have one anymore.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: silent_jonny

>> Just seeing a still photo of Gibbs is enough to turn my stomach.

There’s something about his chinless little junior-high-school dweeb face that just makes me want to smack it as hard as I can with a dodgeball.

I’d gladly run a few extra laps for that privilege.


15 posted on 03/16/2009 4:15:43 PM PDT by Nervous Tick (Party? I don't have one anymore.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: governsleastgovernsbest

and 0bama takes another one in the.................................HA ha!!!

16 posted on 03/16/2009 4:22:03 PM PDT by Chode (American Hedonist - Obama is basically Jim Jones with a teleprompter)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

ya know. whats more outrageous employees that are given ‘bonus’ money in lieu of actual salary which is very common or laid off auto workers who stay home and still make $75 an hour of tax payer money. My vote is the unionized auto worker.


17 posted on 03/16/2009 4:33:51 PM PDT by genxer
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest
If the Federal Govt owns 80% of AIG, how could the Board of Directors vote for bonuses without the owners knowing??

They had to know and are just pulling the wool over America's eyes - which is their modus operandi!

18 posted on 03/16/2009 5:01:54 PM PDT by elpadre (nation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

AIG should have realized this was going to be a PR disaster when they offered bonuses for people to stay on.


19 posted on 03/16/2009 5:43:14 PM PDT by Aglooka (Posting from New Hampshachusetts (Formerly New Hampshire))
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

Wonder if Obama’s teleprompter will ever have to answer this question in a press conference?


20 posted on 03/16/2009 6:29:52 PM PDT by an amused spectator (Obama: The Kenyan Anthony Fremont)
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest
I live in East Texas, a town population about 30,000. I have a computer. The White House lies again.

AIG is the Governments' lynchpin for distributing money to foreign banks. They (FED or Treasurey) give the money to AIG, to funnel it to China, European and Australian BAnks. They do this to keep these banks from imploding because these banks were levereged more than Bear-Stearns, Goldman, and Morgan Stanley combined. These foeign banks bought "securities" in the form of derivitives to securitize the 100:1 levereged purchaces of stocks, bonds, etc. The contract between those agents and AIG were to trigger performance and payment of those securtized purchaces if their purchaces became actual loses. As long as there was no downturn in those equities, the security was nominal. Once triggered it had to be payed by contractural obligation. But once a claim was made for specific performance, AIG said, "We ain't got the money!" This meant it put all of the European and Chinese banks at risk for immediate (IMMEDIATE) insolvency. Not 24 hours later. RIght then and there! That is what happened on September 16,2009, a date which will live in enfamy.

The people of the United STAtes of AMerica own 80% of AIG. Treasury and the FED will never, never allow AIG to move to insolvency because it will mean the destruction, in a very immediate sense of the entire global economies.

So, all you are hearing from Barney Fag, Obama, and the rest, is simply posturing and mugging for the camera. It is a disgusting display of politics at its most cynical.

Folks, we are screwed, blued, and tatooed. There in no way out of this ditch. Bernanke trying to let the derivitive bubble burst in slowmotion is fantasy land. There are more than 1.4 quadrillion dollars of derivitives out there waiting to be triggered. And if, if, the derivitives don't take us down, the ensuing lawsuits for nonperformance surely will.

Get out of debt, protect you and your families to best of you ability and pray. Ruination is just around the corner. This administration looks like the Marxs Brothers and keystone cops all rolled into one.

21 posted on 03/16/2009 7:24:24 PM PDT by Texas Songwriter
[ Post Reply | Private Reply | To 1 | View Replies]

To: governsleastgovernsbest

You mean you don't trust these guys on the economy?

They look so experienced and confidence inspiring.

22 posted on 03/16/2009 7:26:46 PM PDT by Rome2000 (Peace is not an option)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nervous Tick

Amen


23 posted on 03/16/2009 7:27:47 PM PDT by Rome2000 (Peace is not an option)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Nervous Tick
Real journalists like Jake were what the Founding Fathers had in mind when they wrote freedom of the press into the Bill of Rights — not the biased, agenda driven pseudo-journalist infotainment losers we’re overrun with now.

In the ideal sense, maybe. But in practice, wasn't it Jefferson who had journalists on his payroll digging up dirt and muckraking his political foes?

24 posted on 03/17/2009 4:12:02 AM PDT by Huck ("He that lives on hope will die fasting"- Ben Franklin, Poor Richard's Almanac)
[ Post Reply | Private Reply | To 14 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson