Skip to comments.AIG director named to Obama tax task force
Posted on 03/28/2009 1:08:11 AM PDT by cdchik123
WASHINGTON (CNN) -- One of the people named this week to President Obama's new Task Force on Tax Reform is a member of the AIG board of directors.
Martin Feldstein, a professor of economics at Harvard University, has been on the board of American International Group since 1988. He also was a prominent economic adviser to Presidents Ronald Reagan and George W. Bush.
Asked about the AIG connection, a senior administration official said Friday that the White House declined to comment on the story.
Like the others named to the tax reform task force, Feldstein also serves on Obama's Economic Recovery Advisory Board, which is headed by former Federal Reserve Chairman Paul Volcker.
(Excerpt) Read more at cnn.com ...
Asked about the AIG connection, a senior administration official said,”Leave us alone, we’re running short of crooked people to appoint.”
Task Force, Mask Force.
I notice that The Obammunist transparent andinistration's Economic Recovery Advisory Board, led by Paul Volkers, has not even held a meeting.
After two months the Economic Recovery Advisory Board hasn't met yet. There won't be any rush on this tax reform board. Economic recovery is not a priority for Obama and his new tax code is already written. He doesn't want Volcker's advice or Feldstein’s. Those guys are window dressing. Obama is following a set agenda, oblivious to the damage he's doing to the economy, the Democrats or the citizens.
Barry Soetoro aka Barry Durham aka Barack Hussain Obama never saw a criminal he did not relate to and would not like to have as a partner in crime.
Barry, justice is around the corner, God is watching you.
Looks like it will be God addressing him because no one wearing pants has the balls to stop this rape and plunder of what was the greatest Country on earth.
Scrappleface and The Onion are going to have to find new gigs because Obama is making the news more ridiculous than they ever could.
I DON’T EFFING BELIEVE THIS! Are they THAT stupid?
Yeah. It just ‘writes itself, doesn’t it?
No, they are brilliant. Each one of the appointments represents a canary in a coal mine.
AIG Scandal Could Hurt Official’s Chance To Lead Fed
Washington Post, The (DC) - Tuesday, April 12, 2005
Author: Nell Henderson, Washington Post Staff Writer
The scandal roiling insurance giant American International Group Inc. could weaken the chances of one of the company’s prominent directors to succeed Alan Greenspan as Federal Reserve chairman, several economists and political observers have said in recent days.
AIG director Martin S. Feldstein , 65, president of the National Bureau of Economic Research and once the chief economic adviser to President Ronald Reagan, has been considered among the top three candidates for the Fed job, according to economists and political operatives on Wall Street and in Washington.
But AIG recently reported that it may have overstated its net worth by about $1.7 billion through a variety of questionable transactions. Its longtime chairman and chief executive, Maurice R. “Hank” Greenberg, was forced to give up those titles and is scheduled to give a deposition to investigators today.
Feldstein , an AIG director since 1988, serves on the board’s finance committee but is not a member of the audit or compensation committees. He was among several of the company’s outside directors whose institutions received donations from the Starr Foundation, a nonprofit organization controlled by Greenberg, The New York Times reported Sunday.
The NBER, which publishes working papers on economic topics, received more than $2.6 million during 2001 and 2002, according to AIG ‘s latest proxy statement, filed nearly a year ago. The document said NBER did not intend to seek more money from the Starr Foundation.
But Feldstein also has detractors among some White House allies who haven’t forgiven him for criticizing the federal budget deficits that resulted in part from tax cuts during the Reagan administration.
“I just don’t trust Marty Feldstein , and I think that’s the view of most supply-siders like myself,” said Steve Moore, president of the Free Enterprise Fund, a group that is lobbying for private Social Security accounts, Bush’s top political priority this year.
Obama. Stick. Eye. Taxpayers.
(Then he laughs. Again.)
uuuhhh Umm... uh..conflict of interest...ah...nope..
They’re in cahoots together!
WTH???? We live in an upside down world.