Liberal Politics: No Honor Among Thieves
The only thing better than Senator Dodd admitting he is responsible for the AIG bonus fiasco is him blaming the Obama Administration for insisting on it. The added ‘bonus’ (pun intended) is liberals still claiming it is someone else’s fault.
US Sen Dodd Blames Administration For Changes To Executive Comp Rules
In a post earlier on this blog the public’s outrage and desire for their pound of flesh from AIG was suggested to be reasonable only if bonuses were somehow concocted after AIG knew public funding would be forthcoming and their was some sort of sinister arrangement between the bailout and the bonuses. It was a short wiat for the information and the news reports are coming fast and furious. So go ahead America, enjoy your pound of flesh courtesy of Senator Dodd and the Obama Administration.
4 Fannie Execs Each to Get $400K in Govt.-Okayed Bonuses
It just keeps on getting better. Not only is the news beginning to demonstrate what many have been saying for months, that Dodd, Frank and other liberals were neck deep in the subprime mess, but now more news on Fannie Mae execs are getting bonuses for causing billions more in losses at the tainted GSE. Not to be outdone by the GOP and their fall from grace, the liberals and their D party are already in flames since the 2006 midterms and last year’s Presidential election. Hillary Clinton has to be cackling herself to sleep at night wondering if her deals with Obama and becoming Secretary of Moscow Overcharge (remember her team’s language barrier?) will get her in the White House before 2012?
Here are two more great headlines and excerpts:
Dodd won’t take blame for AIG bonuses
Journal Inquirer -
Christopher J. Dodd is denying that he’s to blame for the $165 million in bonuses handed out to 418 employees of the taxpayer bailed-out American …
Let’s see. Dodd denies creating the ‘loophole’ for exec bonuses in taxpayer funded bailouts. Then…..
Which Dodd lie is the American public supposed to believe? It doesn’t matter. At this rate their will be plenty more of them by tomorrow.
Funny how much of what the loyal opposition was being criticized for when it comes to pointing out liberal ties to the subprime meltdown and other precursors to economic woes and the Democratic party’s socialist agenda is finally being echoed in the MSM. And in record time the libs are making good on their proclivity to snatch defeat from the jaws of victory. That may be the only natural predator of socialist agendas in America. That the evil intentions of Democratic party politics cannot survive their own sinister plots.
Stay tuned their almost certainly has to be more entertainment provided by the party who brought us The New Deal in the days ahead including tomorrow.
Stanford Matthews
MoreWhat.com
March 20th, 2009 at 2:22 pm
Reports out today (March 20, 2009) in summary indicate an attempt as suggested earlier that rather than throw high ranking Democrats under the bus over the AIG bonus boondoggle it is easier to blame anonymous or low ranking staffers. Tax cheat Geithner says his staff and Dodd’s made the changes as he was concerned about legal challenges from denying AIG employees their performance bonuses.
A review of Dodd revelations including the MSM missing the importance of docs they were allowed to inspect from the Senator, previous special treatment by Countrywide for loans to the Chairman of the Senate Banking Committee and Dodd’s initial denials about everything are in the news.
Here is some reference material. This is the tip of the iceberg for the Dems and President Obama’s first 100 days. The One’s Kingdom is in trouble.
WASHINGTON, March 19 (UPI) — Stimulus bill language that shields AIG employee bonuses from federal collection was added due to legal concerns, U.S. Treasury Secretary Tim Geithner said.
“We expressed concern about vulnerability” of the stimulus bill to withstand a legal challenge if language that would have barred the bonuses outright, Geithner said on CNN.
He said his staff worked with the staff of Senate Banking Committee Chairman Christopher Dodd, D-Conn.
In a statement issued Wednesday, Dodd said that during stimulus negotiations, he did change a section on limiting executive pay to include an exemption that permitted payouts of any executive bonuses agreed to by Feb. 11, 2009, ABC reported.
Congressional Report: Countrywide Bent Loan Rules For Dodd
By MATTHEW KAUFFMAN | The Hartford Courant
An executive at mortgage giant Countrywide Financial overrode the company’s loan-writing policies to give a discount to Sen. Christopher Dodd, the powerful chairman of the Senate banking committee, according to an internal Countrywide document turned over to congressional investigators and obtained by The Courant.
On Wednesday, Dodd acknowledged that he had “reluctantly” agreed to amend legislative language designed to limit executive compensation for companies receiving federal bailout money — a change that ultimately permitted insurer AIG to pay millions in bonuses.
He has also faced questions about past real estate deals in Washington, D.C., and Ireland.
But Dodd’s political troubles began with the Countrywide deal, and assertions that one of the nation’s top banking overseers had received favors from a key player in the subprime mortgage meltdown.
Last month, Dodd allowed reporters to review more than 100 pages of mortgage documents for his homes in East Haddam and Washington, D.C., but did not permit them to make copies. A spokesman for Dodd said that the Loan Policy Analysis was among the records reporters were permitted to review. But none apparently recognized its potential significance.