Skip to comments.Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In
Posted on 03/17/2009 8:25:23 AM PDT by scooby321
While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an exception for contractually obligated bonuses agreed on before Feb. 11, 2009, which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.
(Excerpt) Read more at foxbusiness.com ...
String em all up. The AIG BOD and Dodd.
Over and over at his Monday briefing, White House press secretary Robert Gibbs reminded reporters that it was the Bush administration that supported a bailout for American International Group without asking for limits on executive bonuses.
Q Two questions, one on AIG and one on CIA. AIG, is the administration confident that it knows what happened to the tens of billions of dollars previously given to AIG?
MR. GIBBS: Is it confident Im sorry?
Q That they know, that you guys know what happened to the previous billions before you hand over this next $30 billion.
MR. GIBBS: Yes, the I mean, I dont think its a well, obviously youve got a huge insurance company that is losing money not the least of which because of its sheer size and the sheer size and decrease in the growth in our economy. It experiences a far bigger drop largely because of its size. But again, the steps that that Treasury and others took were to ensure a larger systemic problem wasnt one that we had to deal with here today in letting something just die.
Q But in terms of specifically the I guess its like $150 billion before. You guys are confident that you know
MR. GIBBS: Yes.
Senator Dodd is without honor.
He is a man of poor values - like his father.
I hope this gets play on Connecticut radio. Death by a thousand cuts for the corrupt Dodd come voting time in 2010...
Behind the scenes, Mr. Geithner was the point person for weeks of sleep-deprived Bailout Weekends. It was Mr. Geithner, not Mr. Paulson, for example, who put together the original rescue plan for the American International Group.
Dodd as well as Frank, Pelosi, Reid and others should be hung out to dry. They are worthless.
Does this mean Grassley will call for Dodd to resign or commit suicide?!
Who is John Galt.
I’ve been staing this a few times today, but I think it is worth repeating again:
The Federal Government is the owner of AIG. As such, the new Board of Directors (the House and Senate Finance Committees and equivalants) as well as the new CEO (the president) and his deputies (the Chairman of the Federal Reserve & the Secretary of the Treasury) need to resign immediately or face charges for lack of due diligence in business oversight under Sarbannes / Oxley as well as RICO and other offenses.
They're really working up a sweat trying to whip up public outrage against AIG management & mentioning NOTHING about presidential & congressional culpability.
So clean, so transparent!
Dodd strikes again. Hope Rush blasts him today.
The acorn never falls far from the tree.
Interesting how he and his ilk, Teddy Kennedy and others, grew up in families with zero values and then become Dems trying to save the world. Definitely a guilt complex reaction or attempt to make up for perceived inadequacies.
Connecticut? Those dumb jackasses will vote him in again. No faith in the East Coast.
Don’t let the press drag you around by the nose. Most (if not all) of the people getting the bonuses aren’t even Americans.
Re#18 Perchance to dream...
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