Skip to comments.Obama's Stimulus Bill Explicitly Grants AIG the Legal Right to Give Unlimited Bonuses
Posted on 03/17/2009 10:44:34 AM PDT by wrrock
From page H1412 of the Final Stimulus Bill, ``SEC. 111. EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE:
Sen. Dodd was AIGs largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org According to the Wall Street Journal, Sen. Dodd placed this section into the final stimulus bill, making him responsible, along with Obama, for AIG receiving these bonuses.
(Excerpt) Read more at butasforme.com ...
Put this out everywhere.
It is becoming more obvious by the day that 0bama doesn’t know how to CYA very well.
The stimulus bill has nothing to do with this...the fed gave AIG the money. Thus we can stop the bonuses or make AIG get them back.
Talk about government running open loop!
It’s congress’ fault!
Say it loud, say it PROUD:
Alert Bill O’Reilly, Sean Hannity, Glen Beck et al to give this information the widest play. The msm is still blasting BO’s propaganda that the AIG bonuses were a “surprise” and all the Dems are “shocked” to find that AIG was giving bonuses. Liars.
Exactly what I was saying earlier. If the bonuses were legal, they can’t do a thing about it. Other than make a lot of noise. I have also said before, there is more to this than meets the eye. It’s basically politicians taking care of money people and then playing dumb.
You do not understand the law.
You do not understand economics.
You display very little common sense!
I believe, for starters, that the bail out money was in the form of preferred stock, not voting stock, for the most part.
Furthermore, even if you own 100% of a company, outright, it does NOT give you the right to ignore valid contracts.
You are a mindless populist, not a conservative.
Your kind of thinking is dangerous.
Did someone send to Rush & Hannity? We are all being played for fools by both 0bama and the MSM with all of the blowhard reacting to the bonuses. I suppose no one had time to read that part of the bill before it went through. AIG is laughing all the way to the bank, pun intended.
The stimulus bill SHOULD have nothing to do with this. However, woven within the stimulus bill are laws dealing with executive bonuses. Just like health care laws were in the stimulus bill.
You are so wrong.
Read the bill’s section posted here.
Expect the MSM to continue to permit The One to do one thing one day, then criticize it the next, without ever pointing out the hypocrisy. Remember: to the MSM, The One is NEVER wrong and will NEVER be criticized. In the words of one tv personality, “He’s perfect.”
Obviously nobody read the damn bill!
Rush came out earlier today and said they knew about the bonuses a long time ago.
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