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.
http://www.politico.com/news/stories/0309/20095.html
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.
(snip)
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 — I’m 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 don’t think it’s a — well, obviously you’ve 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 wasn’t one that we had to deal with here today in letting something just die.
Q But in terms of specifically the — I guess it’s 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.
Pity.
Bookmark ping.
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...
Senate constructed the $787 billion stimulus ,Democrat translation pay backs.
AIG, too big to succeed?
ping
EVERY Republican candidate needs to mention it in his or her campaign, because even if their particular opponents didn't support it, the Democrat party DID, and they created the mess that we ALL have to live in!!
You are being to kind.
Dodd’s biggest fan in February were the big German banking firms, as his idiocy provided them with a huge new pool of financial experts to poach.
I would be banned if I used the words I wanted too. LOL
Okay...here’s the clues....follow them closely....
...Chuck Schumer
....Chris Dodd
....Barney Frank....
.....President Obama.
When you got these guys all punching one punching bag...know now that it’s all an attempt to pee upon your feet and tell you it’s raining.
For this orchestrated upheaval over these bonuses at AIG are all planned and a perfect example of thou protesting too much.
For whatever reason, the Dems needed to get money to foreign banks as AIG has done under the radar whilst they carry on like hyeneas over stupid bonuses. They know about sound bytes like Chuck Grassly, a fine stooge if ever there was one and a pathetic example of the futility of our so-called “opposition” party.
they needed to get money to Goldman Sachs, also done by AIG, under the radar again.
No wait....the CEO didn’t want his reputation sullied so he had his stooge , Obama, exempt him in something before this unknown by a President of the US.
We are all the fools, my fellow fools, as they launch into this joke, pee on our feet, assure us it is only yellow rain, and that they will take of those nasty fellows at AIG on our behalf.
HEH.
I guess he was for the bonus before he was against it.
More WashDC corruption from the party of Obama.
I saw Cavuto bring this up with an Administration apologist, and he acted like Cavuto was speaking Mandarin. He stammered, looked confused and then just started speaking blahblahblah boilerplate again.
Dod is responsible for the Mortagage Collapse as much if not more than any other senator in Congress. He should be in JAIL.
No mention of the fact they had a democrat legislature in control and didn't have to pass the bailout, regardless of which "administration" was in the WH. Bozo was also for the bailout if I recall correctly. These thugs are terrible.
I am glad the republican put the protection in the bailout, bonuses should be paid if they are a contractual obligation. The obvious solution if they didn't want executives to get bailouts with taxpayer dollars was to not give the dollars to them. Bankruptcy or make it on their own. Period.
We can lay all of this at the demwits feet but you have a**hats like Dodd trying to kiss tail with them and actually trying to do something illegal, like remove a provision from a bill that is already law without going through the legislative process and passing a new bill.
The republican so called leadership are nothing but a bunch of cowards.
Has a list of names and nationalities of bonus recipients been published somewhere?
There may be a list at the FOX Business site. Neil Cavuto was talking about them the other day.
I think you're confusing bonus pay outs with AIG giving TARP money to overseas BANKS.
Personally, I think AIG should tell Cuomo to pound sand.
He said the bonuses were from last years profits and most of the execs had already left the company and they had contracts and they were Brits, like him.
Plus the guy running AIG was the guy Spitzer had put in place after he harassed the original founder (Hank Greenburg) out of the company with phony indictments and legal pressure. I think that after Greenburg fought the charges they were all dismissed, I know Spitzer came out it embarrassed.
“I swear, by my life
and my love of it,
that I will never live
for the sake of another
man, nor ask another
man to live for mine.”
Corrupt Dem, CD, Chris Dodd is implementing a CYA Policy (Cover Your A**)
Hey, he’s a liberal, no surprise.
And CNN ran it!? I'm shocked!
Plus the guy running AIG was the guy Spitzer had put in place after he harassed the original founder (Hank Greenburg) out of the company with phony indictments and legal pressure. I think that after Greenburg fought the charges they were all dismissed, I know Spitzer came out it embarrassed.
From what I hear (my husband has a very good friend that works for AIG), none of this would be as bad as it is if Greenburg were still running the company.
Ya know, AIG may be the Pandora’s Box that dooms the dems...they may regret publicly denouncing them. There are a LOT of connections to what went on with AIG and the bailout money, Congress,, the WH, F&F (especially F&F!).
This could be the key. Unravel this and the dems’ entire narrative may fall apart.
PETER SCHIFF CONNECTICUT 2010!!!
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