Posted on 03/18/2009 4:19:03 AM PDT by tobyhill
Democratic leaders scrambling to strip AIG executives of bonuses are having a hard time answering a key question: Why didn't Congress act to prevent the bonuses in the first place?
"There's always more we can do, and hindsight is 20/20," said Senate Majority Leader Harry Reid Tuesday.
But though some lawmakers did move to prevent bonuses in the stimulus bill last month, the final language actually makes an exception for pre-existing contracts, effectively exempting AIG.
Senate Banking Committee Chairman Chris Dodd, D-Connecticut, who originally proposed the executive compensation provision, said he did not include the exemption clause, which said new rules "shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009."
In an interview with CNN, Dodd denied inserting that exemption at the 11th hour, and insisted he doesn't know how it got there.
"When I wrote the language there was no such language like that," Dodd told CNN Tuesday.
(Excerpt) Read more at cnn.com ...
They’re looking for a fall guy.
Dodd is just one of the dems I’d personally drive the bus if they were lined up so I sould run them over.
Kennedy, Schumer, Peosi, Dodd, and so many more. Just line them up and have anyone run the lot ofver with a very large bus.
Maybe one they use to bus kids from one side of a large city to another side.
There’s blood in the water.
The republicans should turn loose the sharks!
Testiclese, the republican god of war, is AWOL.
Zero had the bill for four days
He promised he would read read line by line.
Someone ask the dope Gibbs did he?
This is getting good! More popcorn!
http://www.freerepublic.com/focus/f-news/2208929/posts
The dishonest “Blame Dodd” scheme from Treasury officials -(or Dems eating your own)
salon.com ^ | March 17 2009 | Glenn Greenwald
AIG bonuses = hysterical non-issue to stir up the humors of the hoi polloi when the real issue is $3 TRILLION in Socialist bailouts.
Do ya think they might take the time to read the next porkulus bill, and there will be one. The lemmings in Congress are getting their come-uppins!
Watched several interviews with McConnell yesterday about the AIG bonuses. In each he managed to give his chortel (pat. pend.) in the first couple of lines, but NEVER, EVER mentioned Dodd!!!
What a jerk!
The congress and the president should have never been involved in any of this mess in the first place. Period.
All of this crisis BS, bailouts, stimulus, ominbus has reached my level of patience. We’re talking, yelling, and protesting...there is no way to redress.
So, I go back to a very basic truth. Chapter 11 Backruptcy is how 99% of this should have been handled.
“The republicans should turn loose the sharks!”
What sharks?
Implausible deniability on the part of Dodd... certainly his aides are all hard at work shredding all incrementing documents
We’re just talking about 1/10 of 1% of the total Nationalization Package.
Sorry, the pubbies only have guppies. Spineless ones, at that!
Bush?
Six (6) separate FR threads on this hysterical non-issue in the last 1 hour!
Six out of 19 threads.
Which is about 1/3 or 33 percent.
Sleazy Harry Reid is the now the boss of America’s formerly largest insurance company.
A pittance in oontractual raises versus the new Socialist agenda! Bravo America! Priorities totally askew once again!
Yeah but you still voted for and Obummer signed it.
“When I wrote the language there was no such language like that,” Dodd told CNN Tuesday.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.