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Dodd: Administration pushed for language protecting bonuses (Dodd Throws Obama under The Bus)
CNN ^ | 3-18-09 | Ed Hornick Kristi Keck

Posted on 03/18/2009 5:56:04 PM PDT by icwhatudo

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.

---snip--

"I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 111th; aig; bho2009; bho44; circus; dodd; obama; obamabusbozo
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To: XenaLee

Sure. Sounds great!... How...


101 posted on 03/18/2009 8:27:21 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: wolf24
How about the billions of taxpayer money that went to English, German, and French banks?

Have any idea what the initials AIG mean?

102 posted on 03/18/2009 8:27:53 PM PDT by Libloather (What did one polar bear say to another polar bear? "Dang, its cold out here...")
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To: Libloather

Exactly.


103 posted on 03/18/2009 8:30:14 PM PDT by wolf24 ("The ultimate result of shielding men from the effects of folly is to fill the world with fools")
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To: eaglestar

Dont fly on ANY planes Chris...

Or go to the park...


104 posted on 03/18/2009 8:32:50 PM PDT by Illuminatas (Being conservative means never having to say; "Don't you dare question my patriotism")
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To: Rob the Ugly Dude

“Well, let’s see...higher tax rates, universal health care, more unionization and the Fed is creating trillions of dollars out of thin air. What could go wrong?”

Let’s not forget comprehensive immigration reform, aka amnesty for criminals.


105 posted on 03/18/2009 8:33:25 PM PDT by TxAnn56
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To: April Lexington

By ressurrecting that sleeping giant that Japan’s attack on Pearl Harbor awoke in our parents and their generation.

We have their dna, their genes and the OUR smarts. And most of us have the will, now...finally.

We just need to REALIZE our abilities and act on that knowledge.


106 posted on 03/18/2009 8:40:02 PM PDT by XenaLee
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To: Rob the Ugly Dude

I would say yes. Everything that comes out of his mouth is a lie. I feel sorry for his daughters.


107 posted on 03/18/2009 8:43:51 PM PDT by madinmadtown (It is good to be right.)
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To: madameguinot

I don’t have any “lib” friends now. Not an accidental situation, btw.


108 posted on 03/18/2009 8:44:06 PM PDT by XenaLee
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To: Rome2000

Caption to #7:

“Lassen Sie sie zu Fort Marcy Park kommen!”


109 posted on 03/18/2009 8:46:10 PM PDT by MindBender26 (The Hellfire Missile is one of the wonderful ways God shows us he loves American Soldiers & Marines)
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To: icwhatudo

Its like watching the movie deathrace 2000, only its dems like Obama, Pelosi, and Dodd driving buses and trying roll over each other.


110 posted on 03/18/2009 8:54:28 PM PDT by Proud_USA_Republican (Trust unto God and He shall direct your path)
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To: icwhatudo

“I agreed reluctantly,” Dodd said. “I was changing the amendment because others were insistent.”

As Geraldine would put it “the devil made me do it”...


111 posted on 03/18/2009 9:25:17 PM PDT by Wisconsinlady
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To: Volunteer

Have hope there’s always a silver lining. It’s not as clear yet but it’s there.


112 posted on 03/18/2009 9:48:48 PM PDT by swheats (Time is still the best equalizer.)
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To: God luvs America

“let’s hope the GOP get the most mileage out of this....”

If only we could harness Hanity a little bit. I love him but by the time he finishes the bone he has folks are feeling sorry for the democrats.


113 posted on 03/18/2009 10:25:10 PM PDT by swheats (Time is still the best equalizer.)
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To: Mad_Tom_Rackham

LOL


114 posted on 03/18/2009 10:33:23 PM PDT by swheats (Time is still the best equalizer.)
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To: icwhatudo
I just want to enter my thought, in that Dodd knew, and ignored doing the right thing.

I was watching Fwank on FOX, and I saw that Bawney knew he was lying
during the interrogation.

The American public are watching, and I pray with all that my knees can handle,
that Americans will put things right in 2010. "BUT" Caveat, If Obama gets a line item veto, we're really fubared.

115 posted on 03/18/2009 10:40:49 PM PDT by MaxMax (RINO=RAT!)
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To: Brytani

I second your analysis.


116 posted on 03/18/2009 10:48:08 PM PDT by I_like_good_things_too (Check the "Yes" box next to survival)
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To: Brytani
"Once the scapegoat is decided I fully expect complete and utter destruction on that person by the media."

Make that a twofer...Dodd and Frank. If those two get it, I'll take my cotton candy home from the big shoe and dream sweet dreams for days.

117 posted on 03/18/2009 10:53:21 PM PDT by Earthdweller (Socialism makes you feel better about oppressing people.....)
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To: rcrngroup
Therefore the liberal in-the-tank media will declare the issue to be over & done with, and now (again) we need to move onto the "important business at hand".

Fox covered the bonuses, but I didn't hear much about the US taxpayer bailout money AIG gave to foreign entities. CNN showed Obama's town hall meeting (all friendly questions) and cancelled Lou Dobbs today.

But I am enjoying the popcorn in the meantime.


118 posted on 03/18/2009 10:54:43 PM PDT by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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To: cricket
In a 'right-side-up' world; for sure, some heads would roll. . .

Right now things seem to be developing in a very interesting way. Link: Even Elliot Spitzer wants to investigate AIG's counterpaties

119 posted on 03/18/2009 11:15:33 PM PDT by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
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To: Mad_Tom_Rackham

120 posted on 03/18/2009 11:47:14 PM PDT by americanophile
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To: Mad_Tom_Rackham
Sorry, there is no more room under the bus.


121 posted on 03/18/2009 11:48:06 PM PDT by Islander7 (If you want to anger conservatives, lie to them. If you want to anger liberals, tell them the truth.)
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To: maggief
"So much for the promises of transparency and accountability."

Anyone taking Obama's promise or position seriously on any matter of importance to them -- deserves to be abused as a sucker.

122 posted on 03/19/2009 12:16:31 AM PDT by river rat (Semper Fi - You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
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To: Volunteer
"This is going to end very badly for us poor tax payers, isn’t it?"

Bad for us, for sure -- but horrible and crippling for our grandchildren....

It is they who will curse us for allowing this to happen...

123 posted on 03/19/2009 12:18:26 AM PDT by river rat (Semper Fi - You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
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To: icwhatudo; All

This seems like HUGE news. I wonder how long they’ll play this for...?


124 posted on 03/19/2009 12:30:23 AM PDT by Rick_Michael (Have no fear "President Government" is here)
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To: devane617
"I believe Dodd is in a world of hurt. I think heads will fall in the next few days."

Yes, a lot of heads will roll in Obama's dumbass attempt to protect his boy Geithner, even proposing to creat a whole new government agency with a "bailout czar" (and scapegoat) heading it.

After the initial political massacre, Geithner will probably go under the bus and Obama will read a stirring and healing speech off his teleprompter.

125 posted on 03/19/2009 4:20:01 AM PDT by cake_crumb (Obama is so far out of his depth that he's in unstable orbit.)
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To: Shermy
"Law suits. That’s it! They’re scared of law suits by guys from AIG who will go to juries and tell them how innocent they are, please give us millions."

I have a slightly different take on that: Obama's handlers pushed for the language as bait to hook companies into giving bonuses, which would then be used as an argument to expand government even more exponentially and nationalize the banks.

126 posted on 03/19/2009 4:28:26 AM PDT by cake_crumb (Obama is so far out of his depth that he's in unstable orbit.)
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To: romanesq
"Only anything related to politics/policy, smoking, his Blackberry, his teleprompter, his career as "a professor of Constitutional law", his voting record, birth certificate and political experience. On everything else his 100% honest."

Fixed it for ya.

127 posted on 03/19/2009 4:32:57 AM PDT by cake_crumb (Obama is so far out of his depth that he's in unstable orbit.)
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To: Volunteer
"This is going to end very badly for us poor tax payers, isn’t it?"

Who says this nightmare is going to end? Dear Leader wants to set up a whole new government agency just to take care of bailouts. That has a very ominous and very permanent ring to it.

128 posted on 03/19/2009 4:47:03 AM PDT by cake_crumb (Obama is so far out of his depth that he's in unstable orbit.)
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BREAKING: I was responsible for bonus loophole, says Dodd
(Dodd thrown under bus by obama)
CNN Political Ticker | 3-18-09
Posted on 03/18/2009 3:35:37 PM PDT by utahson
http://www.freerepublic.com/focus/f-news/2209473/posts


129 posted on 03/19/2009 5:34:37 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: Polarik
Image and video hosting by TinyPic

130 posted on 03/19/2009 5:41:09 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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The dishonest “Blame Dodd” scheme from Treasury officials
-(or Dems eating your own)
salon.com | March 17 2009 | Glenn Greenwald
Posted on 03/18/2009 4:11:02 AM PDT by blueyon
http://www.freerepublic.com/focus/f-news/2208929/posts

Bonuses allowed by stimulus bill
(CNN outs Senate Banking Committee Chairman Chris Dodd)
cnn | 3/18/2009 | Dana Bash and Ted Barrett
Posted on 03/18/2009 4:19:03 AM PDT by tobyhill
http://www.freerepublic.com/focus/f-news/2208932/posts


131 posted on 03/19/2009 5:42:53 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: VOR78

IMHO, ever red-blooded patriotic American who votes should write their Congressmen and Senators, at state level too, and demand that any elected official or candidate that received one penny in 2008 from any corporation that received bailout money from the US Treasury (which is totally unConstitutional) hand it back to the government to be put back into the central bank or general fund worse case.


132 posted on 03/19/2009 5:49:32 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: MHGinTN

You must understand that The Marxist Onada believes—or any leftist—anything he says at the time he says it. Expediancy is what’s important—not facts, truth or common sense.

Of course, this BS would not fly if the MSM did its traditional job. But, alas, that is such a quaint notion these days.


133 posted on 03/19/2009 6:31:54 AM PDT by dools007
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To: Shermy

I thought it was near impossible to sue the government. Aren’t they the Untouchables?


134 posted on 03/19/2009 6:58:18 AM PDT by 3catsanadog (I plan to give the new President the same respect and dignity the other side gave Bush.)
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To: MaxMax

I don’t see how he’s going to get a line-item veto, what with it being unConstitutional and all. Oh...wait...


135 posted on 03/19/2009 7:21:42 AM PDT by cauzneffct
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To: Bronzewound
“And these people want to manage my health care?!”

Yes, instills you with confidence, no?

Considering 0bama’s record of appointments, his head of socialized medicine will probably be a guy caught for blatant malpractice. Why not, we got a tax cheat in charge of the treasury?

136 posted on 03/19/2009 7:25:45 AM PDT by allmendream ("Wealth is EARNED not distributed, so how could it be redistributed?")
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To: Shermy
Someone sent me email last week AIG is where Congress $$$$$ are invested? And Rush said something about it also. But I have seen no prove of it and not many talking about it.
137 posted on 03/19/2009 8:17:40 AM PDT by ducks1944 (GOD Bless the USA .)
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To: dools007
Of course, this BS would not fly if the MSM did its traditional job. But, alas, that is such a quaint notion these days.

I think the MSM is going to skip reporting on the screw-ups until they get to the point that they realize that everything is turning into a screw-up!

138 posted on 03/19/2009 8:32:52 AM PDT by Repealthe17thAmendment (Is this field required?)
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To: wolf24
I see what you are saying, but if AIG had been forced to file for Chapter 11 we wouldn’t have to discuss it.

The government prevented Chapter 11 and facilitated this money laundering scheme.


The Bush Administration made this decision.
139 posted on 03/19/2009 12:21:05 PM PDT by kenavi (Want a real stimulus? Drill!)
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To: kenavi
The Bush Administration made this decision.

Ok.....and?

140 posted on 03/19/2009 12:49:38 PM PDT by wolf24 ("The ultimate result of shielding men from the effects of folly is to fill the world with fools")
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To: Volunteer

Yeah this Admin and Dem controlled House are not stupid. They are spending all the money now because they know that by 2010 they are going to be losing seats and majority.


141 posted on 03/19/2009 1:34:51 PM PDT by iThinkBig
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To: Brytani

It will be one of Chris Dodd’s staffers that ‘changed the ammendment’. She or He will be fired and given lifelong salary and benefits for keeping there mouth shut.


142 posted on 03/19/2009 1:42:48 PM PDT by iThinkBig
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To: wolf24; aShepard
Bailing out a giant insurer is about as politically popular as putting a tax on ice cream.

That two Administrations as different as the Bush Administration and the Obama Administration did this nonetheless, catching hell for it, indicates a purpose other than some secret arrangement like "money-laundering" as you charge them with.

I believe the underlying reason is that aside from all the securitized debt crap they guaranteed, AIG is also one of the largest guarantors of municipal debt in the U.S., which is traditionally held by and for mom and pop investors looking for safety.

Your preferred solution of Chapter 11, by the way, wouldn't accomplish your aim of punishing foreign holders of U.S. obligations, U.S. bankruptcy code doesn't distinguish creditors by nationality.


143 posted on 03/19/2009 3:11:10 PM PDT by kenavi (Want a real stimulus? Drill!)
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To: kenavi
I don't care about punishing foreign banks. That was your word, not mine.

I am disgusted by the fact that billions in taxpayer money was sent to foreign entities, however.

I also don't give a damn if someone has an R or a D after their name as in Bush or Obama. If this "purpose" you are talking about is to try to "save the economy from collapsing" I could have told back then it would not work. And I'm just some hick who doesn't know squat. There were plenty of people back in Sept. 08 who said this thing was collapsing regardless of bailouts. So "purposes" aside, it was not only a stupid thing to do, but look where it has gotten us now.

Out of curiosity, do you support the government intervention that has taken place?

144 posted on 03/19/2009 5:36:39 PM PDT by wolf24 ("The ultimate result of shielding men from the effects of folly is to fill the world with fools")
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To: wolf24
Out of curiosity, do you support the government intervention that has taken place?

When it was done, I was against it, because the announced purpose was to buy "toxic" assets, which I didn't see how the government could do without subverting the free economy.

I am in favor of what the government ended up doing, injecting capital into the banks, which would have to happen anyway because of existing commitments through Fannie Mae, Freddie Mac, and Sallie Mae.

I believe in honoring one's financial commitments. Apparently in your case "it depends".
145 posted on 03/19/2009 6:00:23 PM PDT by kenavi (Want a real stimulus? Drill!)
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To: kenavi
I am in favor of what the government ended up doing

Thanks for your honesty. Nothing more needs to be added to our conversation. The last word is yours.

146 posted on 03/19/2009 6:13:27 PM PDT by wolf24 ("The ultimate result of shielding men from the effects of folly is to fill the world with fools")
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To: iThinkBig

Dems will huff and puff until this blows over or another scandal takes its place.

There will be absolutely NO change in DC unless conservatives can take back the GOP and run out the rats.

Dodd can take responsibility, he’s like Byrd and Kennedy, been in his seat so long the voters automatically hit the button for him.


147 posted on 03/19/2009 8:04:57 PM PDT by Brytani (Obama's Hope and Change - Hope for terrorists and Change left in our wallets)
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To: Brytani

I’ll wager $100 this is Dodd’s last term. I do agree with your assessment, but the GOP is in shambles. Whom will lead it out? That remains to be seen.


148 posted on 03/20/2009 12:37:45 PM PDT by iThinkBig
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To: shankbear
That bus must be jacked up on extra large tires to hold everybody that has been thrown under it.


149 posted on 03/20/2009 5:35:07 PM PDT by UCANSEE2 (The Last Boy Scout)
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To: SunkenCiv; LucyT; Calpernia; Fred Nerks; MHGinTN; Candor7; null and void; little jeremiah
LOL!

Hey, maybe we can come out with a board game, like MONOPOLY!,

only, let s call it,

FORECLOSURE!,

with such choice properties as...

MADOFF GARDENS,

SUBPRIME PARK,

AVENUE AIG,

BAILOUT BOARDWALK,

STIMULUS SHORES,

REID RAILROAD,
and

PELOSI PLACE.

Coming to a Jerks R Us store near you.

150 posted on 03/20/2009 9:32:43 PM PDT by Polarik (I'm a birther, he's a birther, she's a birther, wouldn't you like to be a birther too?)
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