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Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In
Fox Business ^ | 3-17-09 | Rich Edson

Posted on 03/17/2009 8:25:23 AM PDT by scooby321

While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009,” which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Breaking News; Business/Economy; Extended News; Front Page News; Government; News/Current Events; US: Connecticut
KEYWORDS: 111th; aig; animalfarm; bho44; bigfatliars; chrisdodd; congress; countrywide; cultureofcorruption; cyapolicy; democratcongress; democrats; democratscandals; dodd; economy; first100days; obamabreakspromises; obamaflipflops; obamalies; orwelliannightmare; porkulus; pravdamedia; senatordodd; smokeandmirrors; stalinisttactics; stimulus; worst100days
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Also, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.
1 posted on 03/17/2009 8:25:23 AM PDT by scooby321
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To: scooby321

String em all up. The AIG BOD and Dodd.


2 posted on 03/17/2009 8:26:55 AM PDT by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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To: scooby321

http://www.politico.com/news/stories/0309/20095.html

Over and over at his Monday briefing, White House press secretary Robert Gibbs reminded reporters that it was the Bush administration that supported a bailout for American International Group without asking for limits on executive bonuses.

(snip)

http://www.whitehouse.gov/the_press_office/Briefing-by-White-House-Press-Secretary-Robert-Gibbs-3/2/09/

Q Two questions, one on AIG and one on CIA. AIG, is the administration confident that it knows what happened to the tens of billions of dollars previously given to AIG?

MR. GIBBS: Is it confident — I’m sorry?

Q That they know, that you guys know what happened to the previous billions before you hand over this next $30 billion.

MR. GIBBS: Yes, the — I mean, I don’t think it’s a — well, obviously you’ve got a huge insurance company that is losing money not the least of which because of its sheer size and the sheer size and decrease in the growth in our economy. It experiences a far bigger drop largely because of its size. But again, the steps that — that Treasury and others took were to ensure a larger systemic problem wasn’t one that we had to deal with here today in letting something just die.

Q But in terms of specifically the — I guess it’s like $150 billion before. You guys are confident that you know —

MR. GIBBS: Yes.


3 posted on 03/17/2009 8:27:13 AM PDT by maggief
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To: scooby321

Senator Dodd is without honor.

He is a man of poor values - like his father.

Pity.


4 posted on 03/17/2009 8:27:26 AM PDT by RexBeach ("Do your duty in all things." Robert E. Lee)
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To: scooby321

Bookmark ping.


5 posted on 03/17/2009 8:28:28 AM PDT by Antoninus (So now "change" is defined as "more of the same, but worse"?)
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To: scooby321

I hope this gets play on Connecticut radio. Death by a thousand cuts for the corrupt Dodd come voting time in 2010...


6 posted on 03/17/2009 8:31:37 AM PDT by eureka! (Elections have consequences, boy howdy. *sigh*)
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To: RexBeach
Call the pathetic Republican “leader” McConnell's
office and tell him to stop letting the dem’s
get away with this stuff.
7 posted on 03/17/2009 8:31:58 AM PDT by Bainbridge
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To: Antoninus

Behind the scenes, Mr. Geithner was the point person for weeks of sleep-deprived Bailout Weekends. It was Mr. Geithner, not Mr. Paulson, for example, who put together the original rescue plan for the American International Group.


8 posted on 03/17/2009 8:32:11 AM PDT by scooby321
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To: scooby321

Dodd as well as Frank, Pelosi, Reid and others should be hung out to dry. They are worthless.


9 posted on 03/17/2009 8:32:47 AM PDT by freekitty (Give me back my conservative vote.)
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To: scooby321

Does this mean Grassley will call for Dodd to resign or commit suicide?!


10 posted on 03/17/2009 8:33:31 AM PDT by maggief
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To: scooby321

Who is John Galt.


11 posted on 03/17/2009 8:40:01 AM PDT by Loyal Buckeye
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To: scooby321

I’ve been staing this a few times today, but I think it is worth repeating again:

The Federal Government is the owner of AIG. As such, the new Board of Directors (the House and Senate Finance Committees and equivalants) as well as the new CEO (the president) and his deputies (the Chairman of the Federal Reserve & the Secretary of the Treasury) need to resign immediately or face charges for lack of due diligence in business oversight under Sarbannes / Oxley as well as RICO and other offenses.


12 posted on 03/17/2009 8:41:34 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
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To: scooby321
Dodd must be praying the MSM is successful in running interference while he covers his tracks.

They're really working up a sweat trying to whip up public outrage against AIG management & mentioning NOTHING about presidential & congressional culpability.

13 posted on 03/17/2009 8:43:24 AM PDT by skeeter
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To: scooby321

So clean, so transparent!


14 posted on 03/17/2009 8:46:11 AM PDT by AmericanVictory
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To: scooby321

Dodd strikes again. Hope Rush blasts him today.


15 posted on 03/17/2009 8:52:25 AM PDT by Darwin Fish (God invented evolution. Man invented religeon.)
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To: RexBeach
Senator Dodd is without honor. He is a man of poor values - like his father.

The acorn never falls far from the tree.

16 posted on 03/17/2009 8:53:11 AM PDT by mort56 (He who would sacrifice freedom for security deserves neither. - Ben Franklin)
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To: RexBeach
“Senator Dodd is without honor.
He is a man of poor values - like his father.”

Interesting how he and his ilk, Teddy Kennedy and others, grew up in families with zero values and then become Dems trying to save the world. Definitely a guilt complex reaction or attempt to make up for perceived inadequacies.

17 posted on 03/17/2009 8:53:12 AM PDT by Melinda
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To: eureka!
I hope this gets play on Connecticut radio. Death by a thousand cuts for the corrupt Dodd come voting time in 2010...

Connecticut? Those dumb jackasses will vote him in again. No faith in the East Coast.

18 posted on 03/17/2009 9:08:46 AM PDT by Logical me (Oh, well!!!)
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To: Red in Blue PA

Don’t let the press drag you around by the nose. Most (if not all) of the people getting the bonuses aren’t even Americans.


19 posted on 03/17/2009 9:10:30 AM PDT by Deb (Beat him, strip him and bring him to my tent!)
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To: Logical me

Re#18 Perchance to dream...


20 posted on 03/17/2009 9:18:12 AM PDT by eureka! (Elections have consequences, boy howdy. *sigh*)
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