Posted on 03/19/2009 4:35:22 AM PDT by tobyhill
Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis.
As pressure mounted on AIG employees to return the bonuses, new details emerged yesterday about what the Fed, the Treasury Department and the White House knew regarding the payments and when. AIG executives said the Fed was informed three months ago by the company that it would pay $165 million by March 15 to employees working at its most troubled division. The Treasury and White House said they learned of the payments from Fed officials only days before they were due.
Close coordination between the Fed and the administration is now more important than ever as they near the launch of two signature programs to rescue the financial system, which together could reach $2 trillion and are aimed at reviving consumer lending and purchasing soured assets and loans from ailing banks.
(Excerpt) Read more at msnbc.msn.com ...
See tag line for the next level.
No Republican in the House voted for this.
Societe Generale is a George Soros enterprise.
http://www.opensecrets.org/industries/contrib.php?cycle=2008&ind=F07
Securities & Investment: Top Contributors to Federal Candidates and Parties
Election cycle: 2008
Total contributions: $152,294,339
Bank Organization Amount Dems Repubs Source
Indivs
PACs
Soft $
1 Goldman Sachs $5,752,921 75% 25%
2 Morgan Stanley $3,532,477 58% 42%
3 UBS AG $2,968,425 55% 44%
4 Merrill Lynch $2,807,297 47% 53%
5 Credit Suisse Group $2,311,410 52% 48%
6 Lehman Brothers $2,229,711 66% 34%
7 Elliott Management $1,584,615 1% 99%
8 FMR Corp $1,393,802 50% 50%
9 Blackstone Group $1,373,892 48% 52%
10 Bear Stearns $1,250,338 57% 43%
11 Capital Group Companies $1,143,961 52% 48%
12 Bain Capital $1,122,870 69% 31%
13 Citigroup Inc $1,035,435 62% 38%
14 KKR & Co $976,150 24% 76%
15 CME Group $974,910 55% 45%
16 National Venture Capital Assn $969,636 51% 49%
17 DE Shaw & Co $916,491 96% 4%
18 Carlyle Group $909,857 59% 41%
19 Securities Industry & Financial Mkt Assn $868,610 50% 50%
20 Investment Co Institute $833,506 58% 42%
...............
http://www.opensecrets.org/industries/recips.php?cycle=2008&ind=F07
Securities & Investment: Top Recipients
Top 20 Recipients
Rank Candidate Office Amount
1 Obama, Barack (D) Senate $14,447,682
2 McCain, John (R) Senate $8,547,727
3 Clinton, Hillary (D-NY) Senate $6,776,654
4 Giuliani, Rudolph W (R) $5,099,595
5 Romney, Mitt (R) $4,981,989
6 Dodd, Chris (D-CT) Senate $2,907,182
7 McConnell, Mitch (R-KY) Senate $835,236
8 Coleman, Norm (R-MN) Senate $830,075
9 Richardson, Bill (D) $818,000
10 Edwards, John (D) $806,795
11 Warner, Mark (D-VA) $796,143
12 Sununu, John E (R-NH) Senate $785,250
13 Emanuel, Rahm (D-IL) House $660,400
14 Baucus, Max (D-MT) Senate $611,900
15 Himes, Jim (D-CT) $563,804
16 Durbin, Dick (D-IL) Senate $538,162
17 Thompson, Fred (R) $500,905
18 Lautenberg, Frank R (D-NJ) Senate $485,183
19 Shays, Christopher (R-CT) House $455,945
20 Biden, Joseph R Jr (D-DE) Senate $442,325
.............
Also see:
Securities & Investment: Long-Term Contribution Trends
http://www.opensecrets.org/industries/indus.php?cycle=2008&ind=F07
Keep it up presstitutes. Many people know you are lying for the 0ne. The rest accept the lie but sense incompetence. Either way, the TOTUS is being revealed for what he is, or isn’t. Ha Ha!
Dang... talk about dead on target!
LLS
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