BINGO!
My wife was watching all the Congressmen bloviate. When it came time for the AIG Exec to talk the Talking Heads on All Networks cut in and wouldn't shut up.
Paging Captain Obvious, please pick-up the white courtesy phone...
All phony outrage on the left. democrats shove through the porkulus bill then claim outrage at the kickbacks they give to AIG for donating to their campaigns.
I am not a corporate attorney by any means- but if you purchase a business, as the U.S. Government did in AIG, then the preexisting contracts stay in place. The new owner inherits the obligations including preexisting agreements.
So was Treasury that sloppy and incompetent or did they know all along? It has to be one or the other and also, If this was in a BILL why did none of the 535 members of Congress who approved the purchase basically, know what they were buying?
This is a prime example of what you get when government inteferes with the free market.
Congressman feigning outrage is equal to saying hey look everyone I’m a dumbass!
I wouldn’t call an orchestrated two minutes of hate against greedy capitalists a “distraction”.
I would call it Chavez playbook page 37.
“it was even written into the stimulus law by Sen. Chris Dodd”.....
Just another reason OBozo wanted to rush this thing through...now it’s biting him in the ass!
...Also not to mention that Obozo was the second top recipient of contribution (er..bonuses) from AIG while in Illinois. OBozo and his Chicago style corrupt politics comes home to roost!.....
Somehow I am much more concerned about the Hundreds of BILLIONS the congress is wasting on pork in the stimulus package, instead of the MILLIONS paid by AIG. I wish that Congress would clean up THEIR house first.
http://www.youtube.com/watch?v=rWbKKydgj_o
Glenn Beck on the AIG Government Scam
AIG Bonus Outrage is an Intentional Distraction Organized by Congress