Democrats Protected AIG Bonuses

[quote=Sinatra;1099771]I have emailed him demanding to know why/if he did that.

Now Fanny & Freddy, I don't buy that one because if the economy didn't crash, those poor people would still have jobs and they would still be paying their loans. And it wasn't freddy/fanny that inflated the prices of homes, or put those people in bad sub prime loans, or bundled all the loans together. Right?

Even Bush encouraged all Americans to buy instead of rent. I even remember him saying that he didn't want people to just own starter homes, but FABULOUS homes. I wish I could find the tape where he said it.

So the Freddy & Fanny thing I don't buy.

And I understand that if the exec's have a contract, they have a contract.

But we own 80% of the company.

But that doesn't mean we can renig.

So the solution might be that we take it back in a new tax, like an EXCESSIVE BONUS tax.

Or, instead of giving AIG the next $30 billion, take out a billion for this bullshit.

But this is making Obama look very bad. I don't think he's in on it, because this is sabotaging his political capital.

But I don't want to be a partisan hack, so I'm starting to get a bad vibe from this Chris Dodd character.

Damn it, because he really impressed me when he championed the NO Retro Immunity for the Telecoms cause last year. Remember that?

But then I think, if he's really good, his political enemies are going to attack him the most.

So I don't know what to think. But I do need to know why he wrote in that bonus' should be guaranteed, because that's fucked up.

Right now it looks like Chris Dodd put that guarantee in the bill because AIG paid him to do so. I hope that is not the case. But it wouldn't be the first time a politician did something like that.

And why the outrage now? Because the GOP were smart enough to bring this to the public's attention.

Del said that both parties are equally bad/corrupt. I still don't think so. All this banking crisis bullshit happened between 2000-2008. Deregulations, letting the prisoners run the assilum, no oversite, etc.

But I am curious to see how Obama and the Dems handle all this moving forward. If they would just have the balls to end the Federal Reserve. But they don't. Only Dennis Kuchenich and Ron Paul have the courage.

You are going to find out in the next 4 years that there are a few corrupt/sleezy Democrats. I just hope it isn't from the top down. I know it was with the GOP, but right now it just seems as if the AIG's of the world have gotten to a few of our guys, like Chris Dodd.

And I'm not even sure of that yet, but I am open to the possibility. Mother fuckers.

Trust me, if the DEM party goes bad, I will not defend them. You guys are doing a great job exposing any bs.

I just wish you would have listened to us in 2003, 04, 05, 06 & 07 when we were trying to tell you that your party was fucking up the country.

The dems don't get our/my undying loyalty.

But I haven't lost faith in them, yet. Not the party as a whole. Chris Dodd? Maybe.

[quote=sealybobo;1099802]If you get a response from Dodd's office, please post it here - I imagine they will be sending out MANY such responses as this story is catching fire all over the nation right now.

And thank you for your well reasoned and informative response...

I gave you his explaination already.

why do you presiust with this stupidity.

It was teh legal entanglements of a too broadly worded restriction which would cause a shit load of legal trouble in getting things done.

Instead you want to may hey out of nothing, nice try.

__________________
"The essence of the Liberal outlook lies not in what opinions are held, but in how they are held: instead of being held dogmatically, they are held tentatively, and with a consciousness that new evidence may at any moment lead to their abandonment." -Bertrand Russell

THEN why are they complaining now and attempting to create a law that VIOLATES the Constitution? Either AIG had no choice or the democrats are faking at being pissed. Which is it?

And isn't it convenient that when YOUR buddies are in charge YOU make excuses. Remind us how we were all Bush apologists now Truthdoesntmatter?

__________________
The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd. Indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.
-Bertrand Russell

Facts are stubborn things, but statistics are more pliable
-Laurence J. Peters

I never said that you had no right to have an opinion. I just said that it was, in fact, worth nothing.
-Maineman ( on 12 June 2007)

Yet another blog running with the story...

Good Richard's Almanac: Chris Dodd Wrote Law To Protect AIG Bonuses

AGAIN, if it is all legal and above board and REQUIRED, why are the Democrats making a stink NOW?

__________________
The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd. Indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.
-Bertrand Russell

Facts are stubborn things, but statistics are more pliable
-Laurence J. Peters

I never said that you had no right to have an opinion. I just said that it was, in fact, worth nothing.
-Maineman ( on 12 June 2007)

There just ain't no low that too damn low for a Democwat to go! It's just that simple.

then why the false outrage over the bonuses....why not get in front of the story and say that......

oh because the obama admin fucked uped....so they attack the "rich".......all part of the plan to deamonize the rich......

funny no one seems to be pissed at the elite rich ruling class.....the just voted themselves a raise......funded their retirement plans by bailing out aig and the banks......still fly around on jets and have full use of their expense accounts......

all you are finding out is the new boss is the same as the old boss.....

__________________
"I would rather live my life as if there is a God and die to find out there isn't, than live my life as if there isn't and die to find out there is." ~ Albert Camus

Yet another intersting link expressing outrage over Democrat Dodd's complicity in this AIG fiasco - and even some historical references to how the fall of AIG is linked to some Clinton legislation back in the day...

Bonuses at AIG? Don't blame the GOP! | The Next Right

Oh, the horror! The blogoshere is on fire!!! What a silly twit you are, not to mention a hypocrite.

You gotta admit, this looks very bad for Chris Dodd, if it is true.

And keep in mind, all these politicians are slick and greedy. Chris Dodd may have just thought he would get away with doing this for the exec's, who did donate a lot to him. He should have seen this coming.

And if he didn't have the brains to realize this would be a problem with the American people? We didn't even want AIG to get the money in the first place, let alone bonus'.

So Bush and Obama say that it was necessary. So lets say we swallow that. Fine. But bonus'?

And if this is true, and it is true because we see it happening in failed companies all over the country where executives are getting millions of dollars for failing, or when they get fired, this has to stop.

But remember, I/we have been crying about this for years. It was the people on the right that were defending executive pay. They said we hate the rich and that we were jealous because these people were smart enough to make it to the top, and we were just being whiners. Remember?

So I find it ironic that now the GOP are screaming foul about executive bonus'? Where were they the last 8 years. Remember, this is partially how the executives have bankrupted their companies on purpose so they could renig on pensions. Go chapter 11 and start over fresh, without owing their retired employees a thing. Just put it on the US government.

But this is why the GOP is very good at playing politics. They are lousy at governing, but great politicians.

The hypocrite would be Dodd ( amongst others ) .....

If this new articles is true, then yes Dodd is a hypocrite. But Sinatra's pretending that somehow the Republicans on that list aren't hypocrites..... Makes her a hypocrite.

false outrage

And for 8 years you did? Bullshit. You're pissing into the wind again and soiling yourself with your self appointed morality.

I will wait to see what more information comes out. Too often this turns out to be spin to damage someone and when it isn't proved, then they just let it drop.

If he is as fucked up as some of your republicans, then he should be punished.

Your moral outrage could have been used during the last 8 years on multiple occasions.

__________________
"The significant problems we face cannot be solved at the same level of right wing thinking we were at when we created them." Anon.
Push a liberal hard enough, and he will clean out the temple.