Seeking Alpha

k9s-4-k8 » Comments » Single Comment |

  • AIG Bonuses Are Just the Tip of the Iceberg [View article]
    The Dems call to return the money is a sham. Not that they might not attempt to get it back but that they weren't behind the bonuses going forward in the first place.
    When the original stimulus bill was being drafted Senators Snow (R) and Wyden (D) proposed an amendment that would have blocked just this type of bonus payout. Chris Dodd (D) the chairman of the Senate finance committee together with backing of the Obama administration dropped it from the stimulus bill. Now its been revealed that Congress and the administration knew for more than a month that AIG was going to do this bonus plan. Within the last month the treasury sent another 30 billion to AIG. The outrage from Dems is ridiculous! They knew about this all along and in fact dropped legislation that would have made these bonuses impossible to do. Now they're outraged and protesting to Libby?
    Mar 18 11:57 am |Rating: +4 -2
All Comments by k9s-4-k8 »
k9s-4-k8's
Comments Stats
149 comments
Rating: 151 (222 - 71 )