Posted on 10/14/2009 4:16:54 PM PDT by kcvl
Per: Peter Barnes of Fox News!
“It was a failure of oversight by Treasury” that led to the spring’s bonus fiasco, watchdog Neil Barofsky told the House Oversight and Government Reform Committee this morning, a failure for which he said Treasury Secretary Tim Geithner was ultimately responsible.
Treasury essentially abdicated its oversight duties of AIG’s compensation structures to the Federal Reserve Bank of New York, which was “a recipe for disastrous consequences,” said Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program.
http://abcnews.go.com/Politics/barofsky-blames-treasury-aig-bonus-fiasco/story?id=8827977
Gotta wonder what Geitner got out of this
So does this mean ACORN will be bussing people in to protest outside the white house like they did with AIG execs?
Hmmmmm, where is AIG located?
Instead of looking for guilty party, one should be questioning why bonuses were a fiasco. They were not; they were declared such only by the socialist government that focused on bonuses to entice class envy.
AIG needs to be taken out back and shot.
Who the heck is Peter Barnes?
Deferred compensation.
The only innocents in this one are the taxpayers who got stuck with the bill for the whole mess.
Fox Business reporter.
BS, they should have been forced to collect those bonus’s from the bankruptcy judge and we would still have something of a free market.
Justifying a wrong by another wrong? With this level of logic, you should seriously refrain from calling anyting BS.
Yikes!
Wrong, BS, the A88holes were and are complete failures you don’t pay bonus out my money to complete failures. If you want to give the as*wipes your money have at it.
Now that is a cool spin.
I am of the Goldwater/Reagan lost tribe. I felt that a bogus and insolvent group of snake oil salesmen giving themselves bonuses with tax money was, well nauseating.
If Lenin himself came back just to agree with me, I would be OK with that.
The absense of thought in this post is remarkable. It is now clear why you are ill-informed: one speaking in declarations and dogma never learns.
Have a good vitriol... I mean, night.
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