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Dodd: Administration pushed for language protecting bonuses (Dodd Throws Obama under The Bus)
CNN ^ | 3-18-09 | Ed Hornick Kristi Keck

Posted on 03/18/2009 5:56:04 PM PDT by icwhatudo

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.

---snip--

"I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; US: Connecticut
KEYWORDS: 111th; aig; bho2009; bho44; christopherdodd; circus; connecticut; dodd; doddfrank; glasssteagall; obama; obamabusbozo
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To: Volunteer

Yeah this Admin and Dem controlled House are not stupid. They are spending all the money now because they know that by 2010 they are going to be losing seats and majority.


141 posted on 03/19/2009 1:34:51 PM PDT by iThinkBig
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To: Brytani

It will be one of Chris Dodd’s staffers that ‘changed the ammendment’. She or He will be fired and given lifelong salary and benefits for keeping there mouth shut.


142 posted on 03/19/2009 1:42:48 PM PDT by iThinkBig
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To: wolf24; aShepard
Bailing out a giant insurer is about as politically popular as putting a tax on ice cream.

That two Administrations as different as the Bush Administration and the Obama Administration did this nonetheless, catching hell for it, indicates a purpose other than some secret arrangement like "money-laundering" as you charge them with.

I believe the underlying reason is that aside from all the securitized debt crap they guaranteed, AIG is also one of the largest guarantors of municipal debt in the U.S., which is traditionally held by and for mom and pop investors looking for safety.

Your preferred solution of Chapter 11, by the way, wouldn't accomplish your aim of punishing foreign holders of U.S. obligations, U.S. bankruptcy code doesn't distinguish creditors by nationality.


143 posted on 03/19/2009 3:11:10 PM PDT by kenavi (Want a real stimulus? Drill!)
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Comment #144 Removed by Moderator

To: wolf24
Out of curiosity, do you support the government intervention that has taken place?

When it was done, I was against it, because the announced purpose was to buy "toxic" assets, which I didn't see how the government could do without subverting the free economy.

I am in favor of what the government ended up doing, injecting capital into the banks, which would have to happen anyway because of existing commitments through Fannie Mae, Freddie Mac, and Sallie Mae.

I believe in honoring one's financial commitments. Apparently in your case "it depends".
145 posted on 03/19/2009 6:00:23 PM PDT by kenavi (Want a real stimulus? Drill!)
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Comment #146 Removed by Moderator

To: iThinkBig

Dems will huff and puff until this blows over or another scandal takes its place.

There will be absolutely NO change in DC unless conservatives can take back the GOP and run out the rats.

Dodd can take responsibility, he’s like Byrd and Kennedy, been in his seat so long the voters automatically hit the button for him.


147 posted on 03/19/2009 8:04:57 PM PDT by Brytani (Obama's Hope and Change - Hope for terrorists and Change left in our wallets)
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To: Brytani

I’ll wager $100 this is Dodd’s last term. I do agree with your assessment, but the GOP is in shambles. Whom will lead it out? That remains to be seen.


148 posted on 03/20/2009 12:37:45 PM PDT by iThinkBig
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To: shankbear
That bus must be jacked up on extra large tires to hold everybody that has been thrown under it.


149 posted on 03/20/2009 5:35:07 PM PDT by UCANSEE2 (The Last Boy Scout)
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To: SunkenCiv; LucyT; Calpernia; Fred Nerks; MHGinTN; Candor7; null and void; little jeremiah
LOL!

Hey, maybe we can come out with a board game, like MONOPOLY!,

only, let s call it,

FORECLOSURE!,

with such choice properties as...

MADOFF GARDENS,

SUBPRIME PARK,

AVENUE AIG,

BAILOUT BOARDWALK,

STIMULUS SHORES,

REID RAILROAD,
and

PELOSI PLACE.

Coming to a Jerks R Us store near you.

150 posted on 03/20/2009 9:32:43 PM PDT by Polarik (I'm a birther, he's a birther, she's a birther, wouldn't you like to be a birther too?)
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To: Polarik

In addition to Jail could there be a Guillotine, though?


151 posted on 03/20/2009 10:52:34 PM PDT by little jeremiah (Asato Ma Sad Gama Tamasi Ma Jyotir Gama)
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To: little jeremiah
Chris Dodd should be sentenced to being strapped to a revolving 'Countrywide Home Loans' sign for at least three, but not more than five years. ;o)




152 posted on 03/20/2009 11:00:55 PM PDT by Liberty Valance (Keep a simple manner for a happy life)
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To: Polarik; Calpernia; LucyT
What a wonderful idea. OBAMANOPOLY. I get to play with the teleprompter piece!<,p> You can have the Bowling Ball piece.

And if we need more money, the game comes with a miniature printing press option, after you buy Pelosi Place

Whoever prints the most money wins. The rules need to be changed from Monopoly, to reflect community values, where the players who get bonuses are taxed at 100%.

You may not think I am serious Polarik, but you may have just discovered the way to become a millionaire through game design.

And YOU CAN DO IT!You have the mind for it.

OBAMANOPOLY!

Preorder yours from Polarik today!

Draw up the rules, design the board ( Avoid landing on the " Reveal COLB " square.), and the player pieces, make sure the house pieces are devided between rich and poh (shacks and mansions), Have Freddie Mac. Fannie Mae cards, AIG place, Bail out cards.

153 posted on 03/20/2009 11:34:57 PM PDT by Candor7 (The weapons of choice against fascism are ridicule, and derision. (member NRA)
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To: Candor7

Teleprompter stays...but don’t forget all of the gayness that Obama and Reggie bring to the table. Some gay guys are so undercover, read down low, that ya gotta skirt around the issue of their true current desire.

“Gay Monopoly - A celebration of gay life”.

Tongue in cheek version of the classic Monopoly. Player tokens are altered - now you can choose from a jeep, teddy bear, blow drier, leather cap, handcuffs or a stiletto heel. Properties have been changed to a ‘gay’ theme as well - e.g. Fire Island and Castro Street. Instead of buying houses and hotels, you can buy bars and bathhouses.

The one departure from the original Monopoly is the inclusion of Family Pride cards. When landing on the appropriate space, the description of a famous gay man is read aloud, and the player that can correctly identify the person can move ahead to any space on the board. (Hint: Obama years down the road, a la Rock Hudson)

Also different is the addition of Camp Cards. When these are drawn, you must perform the indicated action (ie. ‘say: ‘faaabulous!’ six different ways and receive $3).

Rumor has it that there were only a very limited number of copies of this game, as it was produced by The Parker Sisters, a division of Fire Island games, and were sued for copyright infringement by Parker Brothers.


154 posted on 03/20/2009 11:44:33 PM PDT by chrt30
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To: chrt30
Did they have a BJ and A Fudge packin Card?

Obamopoly would not be a copyright infringement, because the gane is intrinsically non capitalist. Obamanopoly. Make sure you get theirs ( not yours) today!

155 posted on 03/20/2009 11:49:34 PM PDT by Candor7 (The weapons of choice against fascism are ridicule, and derision. (member NRA)
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To: Candor7

2 BJ’s in one weekend.

BI-Obamopoly. He prefers to hang out with guys over Michelle any day of the week - he’s more gay than bi - he’s just currently in the closet. Not that it’s a huge secret to those outside of the US - the us media will probably eventually get out-scooped about obama’s homosexuality, as no one will go there. Even drudge will get out-scooped on this one. Axelrod and emanual have been so hard core to all media outlets about barack obama’s homosexuality, that even drudge is scared. drudge broke the blue dress, but he refuses to interview the Young family or sinclair. lol


156 posted on 03/21/2009 1:42:55 AM PDT by chrt30
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To: Candor7; null and void; LucyT
Somebody at the satire website, WineandExcrement.Com, came up with the "idea" first:

Toy Giant to Release Obamanopoly Board Game

PAWTUCKET, R.I. – Yes they did. Toy and game behemoth Hasbro announced today that it will be releasing an exclusive version of its all-time family favorite board game Monopoly in light of President Obama’s recent economic efforts.

The game, dubbed ‘Obamanopoly’, will feature many of the original’s longstanding elements like property spaces, board layout and a bank but with major rule changes celebrating the President’s newly launched policies.

Now kids can redistribute wealth, just like the President

One major twist: instead of buying properties, houses and hotels from the bank, players will now be able to finance them through a Mortgage Lender (an offshoot of the game’s Federal Bank), paying off each purchase in small installments stretched across 30 game ‘turns’.

“Instead of just a couple of hours, families can now enjoy literally months, years – heck, even unlimited playtime. It’s the game that keeps on giving!” exclaims Shrilly Bettercakes, Vice President of Fun! at Hasbro subsidiary Parker Brothers, makers of Monopoly.

Other changes from the original game include:

Foreclosures – Instead of mortgaging properties, players can simply stop paying on loans, while still earning full rent values.

GO – Changed to HOPE. When a player lands on or passes this space, they will collect a $2,000 ‘tax break’ and get two to twelve extra turns, depending on the dice roll.

Jail/Go to Jail – Jail is renamed ‘Gitmo’ and is therefore closed, effectively a free space. The ‘Go to Jail’ space is now a ‘Yes We Can’ space that instructs players to print between two and twelve $1,000 bills using the game’s added rubber stamp U.S. Treasury Printing Press and stack of blank bills, depending on the dice roll.

“You’ll never go bankrupt again!” Bettercakes replied to questions as to purpose of the added game pieces.

Free Parking – Changed to ‘Free Housing’, granting anyone lucky enough to land on the space freedom from all debts to the Federal Bank.

Chance and Community Chest Cards – Now Called ‘Change’ and ‘Entitlement’ cards respectively.

Examples include a Change card that forces the player with the most money to pay a $10,000 tax break to all other players and an Entitlement card that grants the player with the least amount of property their choice of half of the properties owned by the richest player.

For now, both Hasbro and Parker Brothers are remaining mum as to the shapes of the player pieces as well as property names, including the Railroad spaces, Water Works and Electric Company spaces.

As for the Income Tax and Luxury Tax spaces, Ms. Bettercakes tells us that “the player with the most money who lands on these spaces must pay fifty percent of their assets to the Federal Bank.”

157 posted on 03/21/2009 6:45:39 AM PDT by Polarik (I'm a birther, he's a birther, she's a birther, wouldn't you like to be a birther too?)
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To: iThinkBig

If the GOP doesn’t clean up its act, it may also be their last term. Conservative and moderate Republicans will refuse to support a party that does not listen to their constituents, continues to vote/act like Democrats and continue to lose elections.

The GOP has two options right now, start promoting conservative Republicans to the national level fresh faces with stellar backgrounds who will stand up and call out the corruption in the administration and the Dems.

Next is to get rid of those who’ve voted against the GOP on every major piece of legislation coming down the pike in effect giving the dems more power, specifically Snowe, collins, Spector, McCain.

Let these RINO’s move across the aisle permanently.


158 posted on 03/21/2009 8:54:35 AM PDT by Brytani (Obama's Hope and Change - Hope for terrorists and Change left in our wallets)
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To: little jeremiah
In addition to Jail could there be a Guillotine, though?

**Baby,baby, the first cut's always the deepest...***

159 posted on 03/21/2009 10:31:38 AM PDT by Polarik (I'm a birther, he's a birther, she's a birther, wouldn't you like to be a birther too?)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Note: this topic is from 3/18/2009. Thanks icwhatudo.

160 posted on 06/29/2015 5:27:03 AM PDT by SunkenCiv (What do we want? REGIME CHANGE! When do we want it? NOW)
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