Posted on 03/19/2009 4:47:13 PM PDT by maggief
BURBANK, Calif. – President Barack Obama has told Jay Leno he was stunned when he learned of the bonuses that bailed-out insurance giant AIG was paying its employees.
Obama told "The Tonight Show" host the payments raise moral end ethical problems — and the administration's going to do everything it can to get them back.
But Obama added the bigger problem is the culture that allowed traders to claim them. He says that's got to change if the economy is to recover.
(Excerpt) Read more at news.yahoo.com ...
We be watchin’ the same show, abb. :)
And the frickin SOB didn’t mention the bonuses that HE HIMSELF RECEIVED AS A US SENATOR LAST YEAR??????
NYAG Cuomo warns nine banks about bonus payments
30 Oct 2008, 0412 hrs IST, REUTERS
Cuomo asked the banks to provide the information by November 5.
Earlier this month, AIG promised to recover executive payments and other compensation, cancel perks and institute reforms after Cuomo threatened legal action over its controversial spending.
“Cuomo demands detailed information regarding bonus pool allocations from the boards of directors of the nine banks,” his office said in a statement accompanying copies of the letters.
Cuomo objected to “extravagant” payments to AIG executives who ran the company into near-collapse, including a $5 million cash bonus and $15 million “golden parachute” to former CEO Martin Sullivan earlier this year.
A $34 million bonus was also designated for the former head of the AIG Financial Products Unit, Joseph Cassano, whose unit generated the bulk of the firm’s losses.
Of course he and Geithner knew about them. They DEMANDED the change in the measure to MAKE SURE AIG got their bonuses.
THIS is what is so frustrating!! His administration ORDERED them to be carried out and NOW he is outraged??
Give me a FLIPPIN BREAK!
Obama Dram
Wake me UP when Obama ENDS!
Say no to SOCIALSIM!!
http://www.opensecrets.org/orgs/toprecips.php?id=D000000123
Heavy Hitters
American International Group: Recipients
Select Cycle: 2008
Money to Congress: 2008 Cycle
Dems: Dems: $452,526 $452,526
Repubs: Repubs: $144,792 $144,792
Others: Independents: $0 $0
Incumbents: Total to Members: $563,914 $563,914
Non-Incumbents: Total to All Candidates: $33,404 $33,404
House # of Members Average Contribution Total Contributions
Democrats 36 $2,940 $105,850
Republicans 21 $1,223 $25,693
Independents 0 $0 $0
TOTAL 57 $2,307 $131,543
The US House of Representatives has 435 members.
Senate # of Members Average Contribution Total Contributions
Democrats 18 $18,229 $328,122
Republicans 17 $6,132 $104,249
Independents 0 $0 $0
TOTAL 35 $12,353 $432,371
The US Senate has 100 members.
Top Recipients
Senate Obama, Barack $104,332
Senate Dodd, Chris $103,900
Senate McCain, John $59,499
Senate Clinton, Hillary $37,965
Senate Baucus, Max $24,750
Presidential Romney, Mitt $20,850
Senate Biden, Joseph R Jr $19,975
House Larson, John B $19,750
Senate Sununu, John E $18,500
Presidential Giuliani, Rudolph W $13,200
House Kanjorski, Paul E $12,000
Senate Durbin, Dick $11,000
House Perlmutter, Edwin G $10,500
House Rangel, Charles B $9,000
Presidential Edwards, John $7,850
Senate Corker, Bob $7,400
House Smith, Chris $6,900
House Neal, Richard E $6,500
Senate Rockefeller, Jay $6,500
Senate Reed, Jack $6,000
http://www.opensecrets.org/orgs/recips.php?id=D000000123
Udall, Mark (D-CO) House $5,800
Maffei, Dan (D-NY) House $5,000
Nelson, Bill (D-FL) Senate $5,000
Warner, Mark (D-VA) Senate $5,000
Bean, Melissa (D-IL) House $4,750
Shelby, Richard C (R-AL) Senate $4,500
Mahoney, Tim (D-FL) House $4,000
Crowley, Joseph (D-NY) House $3,500
Fimian, Keith S (R-VA) House $3,300
Huckabee, Mike (R) Pres $3,300
Leavitt, David O (R-UT) House $3,000
Murphy, Chris (D-CT) House $2,800
Franken, Al (D-MN) Senate $2,700
Berman, Howard L (D-CA) House $2,500
Dole, Elizabeth (R-NC) Senate $2,500
Garrett, Scott (R-NJ) House $2,500
Cornyn, John (R-TX) Senate $2,300
Culberson, John (R-TX) House $2,300
Goode, Gregory Justin (R-IN) House $2,300
Landrieu, Mary L (D-LA) Senate $2,300
Lummis, Cynthia Marie (R-WY) House $2,300
Shays, Christopher (R-CT) House $2,200
Davis, Tom (R-VA) House $2,000
Hoyer, Steny H (D-MD) House $2,000
Inouye, Daniel K (D-HI) Senate $2,000
Pomeroy, Earl (D-ND) House $2,000
Visclosky, Pete (D-IN) House $2,000
Weiner, Anthony D (D-NY) House $2,000
King, Pete (R-NY) House $1,843
Gillibrand, Kirsten E (D-NY) House $1,500
Shaheen, Jeanne (D-NH) Senate $1,500
Grassley, Chuck (R-IA) Senate $1,250
Nelson, Ben (D-NE) Senate $1,200
Wicker, Roger (R-MS) Senate $1,100
Baker, Richard (R-LA) House $1,000
Barrasso, John A (R-WY) Senate $1,000
Bennett, Robert F (R-UT) Senate $1,000
Brady, Kevin (R-TX) House $1,000
Capps, Lois (D-CA) House $1,000
Coleman, Norm (R-MN) Senate $1,000
Collins, Susan M (R-ME) Senate $1,000
Cooper, Jim (D-TN) House $1,000
Donnelly, Joe (D-IN) House $1,000
Ellsworth, Brad (D-IN) House $1,000
Engel, Eliot L (D-NY) House $1,000
Enzi, Mike (R-WY) Senate $1,000
Gordon, Bart (D-TN) House $1,000
Graham, Lindsey (R-SC) Senate $1,000
Harkin, Tom (D-IA) Senate $1,000
Himes, Jim (D-CT) House $1,000
Jones, Stephanie Tubbs (D-OH) House $1,000
Kind, Ron (D-WI) House $1,000
Kirk, Mark (R-IL) House $1,000
Lautenberg, Frank R (D-NJ) Senate $1,000
Lowey, Nita M (D-NY) House $1,000
Maloney, Carolyn B (D-NY) House $1,000
McMahon, Michael E (D-NY) House $1,000
Olson, Pete (R-TX) House $1,000
Pryor, Mark (D-AR) Senate $1,000
Salazar, Ken (D-CO) Senate $1,000
Tiberi, Patrick J (R-OH) House $1,000
Towns, Edolphus (D-NY) House $1,000
Wilson, Charlie (D-OH) House $1,000
Mielke, Daniel Ernest (R-WI) House $900
Huelskamp, Timothy A (R-KS) House $750
Laesch, John (D-IL) House $750
Tinklenberg, Elwyn (D-MN) House $750
Vilsack, Thomas J (D) Pres $700
Harrison, Stephen A (D-NY) House $604
Brownback, Sam (R-KS) Senate $500
Courtney, Joe (D-CT) House $500
Crapo, Mike (R-ID) Senate $500
Davis, Geoff (R-KY) House $500
Fossella, Vito (R-NY) House $500
Gilchrest, Wayne T (R-MD) House $500
Hastings, Alcee L (D-FL) House $500
Musgrove, Ronnie (D-MS) Senate $500
Myers, Chris (R-NJ) House $500
Pelosi, Nancy (D-CA) House $500
Pierluisi, Pedro (3-PR) $500
Of course he and Geithner knew about them. They DEMANDED the change in the measure to MAKE SURE AIG got their bonuses.
THIS is what is so frustrating!! His administration ORDERED them to be carried out and NOW he is outraged??
Give me a FLIPPIN BREAK!
Obama Drama
Wake me UP when Obama ENDS!
Say no to SOCIALSIM!!
You SO beat me to that! Had it all ready to go but NOOOooooo.
Bravo Vaquero!
If there was ever any doubt, it should be clear Obama is interested in fanning the flames of class-warfare.
This is a general statement...applies to all markets (not just AIG) and marketmakers. Is it the White House's right to dictate how people are compensated.....NO!
This is a Manufactured Crisis...the objective is POWER!
This guy is an insufferable liar
Bump, and bump your post #16.
I’m ‘stunned’ the US Treasury is bailing out auto unions.
Geithner should cancel that condo offer in Chevy Chase.
http://finance.yahoo.com/news/Obama-to-Leno-Geithner-doing-apf-14696345.html
BURBANK, California (AP) — President Barack Obama says his embattled treasury chief, Timothy Geithner, is doing an “outstanding job.”
In a taped appearance on “The Tonight Show”, he told host Jay Leno on Thursday that Geithner is a smart guy who’s been handed an incredibly full plate. But he’s handling it all with grace and good humor.
LOL after Osama errr I mean Obama pushes for the crap errr I mean Tarp 2 to past.
And financed him.
This, "I was stunned" business isn't going to score him any points in the credibility or competency departments.
She post #36.
Obama to Leno: Geithner doing ‘outstanding’ job
OK who was the Freeper that had his Beeber on Stune?
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