Dems bouncing around ideas to "help" AIG w/their contractual obligations

[EagleKeeper]

Until the bonuses are actually publicized, we will not know if it is the rank/file, managers or execs that are getting the windfall.

I like the idea of forccing them to go to court to fight if the bonuses are frozen.

Let a jury of their peers decide.

 

[CADsortaGUY]

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: OrByte

Originally posted by: sactoking

IF the government is going to keep AIG afloat, it is cheaper to just pay the damn bonuses than it is to go to court (contrary to popular opinion here).

And on a similar note I have a hard time accepting that our government is only being made aware of these contracts now.

Myabe they underestimated how much scrutiny the public/media will be applying to these insitutions now that they are getting so much public money.

I say keep the damn pressure on all of them including Obama's admin.

Congress has known about them since February. One has to wonder about the timing of this latest "outrage". Slumping polls? Trying to sell the budget? Hmmm.... lots of juicy ones to pick from.

Conservatives: Lets help AIG execs steal more taxpayer money... this is purely political!

Psssttt... most Conservatives I know were and are still against the bailouts.

 

[Red Dawn]

Originally posted by: CADsortaGUY

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: OrByte

Originally posted by: sactoking

IF the government is going to keep AIG afloat, it is cheaper to just pay the damn bonuses than it is to go to court (contrary to popular opinion here).

And on a similar note I have a hard time accepting that our government is only being made aware of these contracts now.

Myabe they underestimated how much scrutiny the public/media will be applying to these insitutions now that they are getting so much public money.

I say keep the damn pressure on all of them including Obama's admin.

Congress has known about them since February. One has to wonder about the timing of this latest "outrage". Slumping polls? Trying to sell the budget? Hmmm.... lots of juicy ones to pick from.

Conservatives: Lets help AIG execs steal more taxpayer money... this is purely political!

Psssttt... most Conservatives I know were and are still against the bailouts.

Yeah anything for political capital without offering any solutions.

 

[quest55720]

Originally posted by: CADsortaGUY

Originally posted by: sciwizam

Originally posted by: Genx87

Originally posted by: Budmantom
Chris Dudd is a left wing hack just like Obama

While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an ?exception for contractually obligated bonuses agreed on before Feb. 11, 2009,? which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.

Typical liberalhe is outraged at the problem he created, ironically he gets more money from AIG than any other politician.

Hahaha the idiot spcifically pwned himself there.

btw do you have a link?

Found it

Doh! Gotta love the "outrage" over the contracted payments they helped keep in place.

Real shocking the crook Dodd is reponsible for this. If Obama had any stones he would investigate Dodd and Frank. Those 2 crooks have a huge role in all of this and the housing crisis.

 

[Phokus]

Originally posted by: CADsortaGUY

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: OrByte

Originally posted by: sactoking

IF the government is going to keep AIG afloat, it is cheaper to just pay the damn bonuses than it is to go to court (contrary to popular opinion here).

And on a similar note I have a hard time accepting that our government is only being made aware of these contracts now.

Myabe they underestimated how much scrutiny the public/media will be applying to these insitutions now that they are getting so much public money.

I say keep the damn pressure on all of them including Obama's admin.

Congress has known about them since February. One has to wonder about the timing of this latest "outrage". Slumping polls? Trying to sell the budget? Hmmm.... lots of juicy ones to pick from.

Conservatives: Lets help AIG execs steal more taxpayer money... this is purely political!

Psssttt... most Conservatives I know were and are still against the bailouts.

So you're pro-economic Armageddon, got it

 

[Red Dawn]

Well it seems it was Dodd's fuck up that let AIG pull this stunt (You'd think he'd know better than to trust these Corporate Crooks) so he should be the one leading the way to try and fix it. Yep the outrage from him probably has a lot to do with the egg on his face.

 

[sciwizam]

Two Weeks Ago: White House Says It's Confident It Knows What Happened to Previous AIG Billions

From White House press secretary Robert Gibbs' briefing two weeks ago , when $30 billion in additional funds were announced for AIG. AIG had at this point designated $165 million in retention bonuses for officers of the Financial Products subsidiary, as well as an additional $121.5 million in executive bonuses.

TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?

GIBBS: Is it confident -- I'm sorry?

TAPPER: That they know -- that you guys know what happened to the previous billions before you hand over this next $30 billion.

GIBBS: Yes -- yes, the -- I mean, I don't think it's a -- well, obviously, you've got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that -- that Treasury and -- and others took were to ensure a larger systemic problem wasn't one that we had to deal with here today in letting something just die.

TAPPER: But in terms of specifically the -- I guess it's like $150 billion before, you guys are confident...

GIBBS: Yes.

Hmmm.

 

[Slew Foot]

Draft them all and send them to Iraq

 

[Red Dawn]

Originally posted by: sciwizam
Two Weeks Ago: White House Says It's Confident It Knows What Happened to Previous AIG Billions

From White House press secretary Robert Gibbs' briefing two weeks ago , when $30 billion in additional funds were announced for AIG. AIG had at this point designated $165 million in retention bonuses for officers of the Financial Products subsidiary, as well as an additional $121.5 million in executive bonuses.

TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?

GIBBS: Is it confident -- I'm sorry?

TAPPER: That they know -- that you guys know what happened to the previous billions before you hand over this next $30 billion.

GIBBS: Yes -- yes, the -- I mean, I don't think it's a -- well, obviously, you've got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that -- that Treasury and -- and others took were to ensure a larger systemic problem wasn't one that we had to deal with here today in letting something just die.

TAPPER: But in terms of specifically the -- I guess it's like $150 billion before, you guys are confident...

GIBBS: Yes.

Hmmm.

Them AIGers are Tricksy

 

[CADsortaGUY]

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: OrByte

Originally posted by: sactoking

IF the government is going to keep AIG afloat, it is cheaper to just pay the damn bonuses than it is to go to court (contrary to popular opinion here).

And on a similar note I have a hard time accepting that our government is only being made aware of these contracts now.

Myabe they underestimated how much scrutiny the public/media will be applying to these insitutions now that they are getting so much public money.

I say keep the damn pressure on all of them including Obama's admin.

Congress has known about them since February. One has to wonder about the timing of this latest "outrage". Slumping polls? Trying to sell the budget? Hmmm.... lots of juicy ones to pick from.

Conservatives: Lets help AIG execs steal more taxpayer money... this is purely political!

Psssttt... most Conservatives I know were and are still against the bailouts.

So you're pro-economic Armageddon, got it

Ah yes, the same old tired BS. It's either bailout(and then whining about how it's used) or "Armageddon". :roll: Don't mind there were very realistic paths for take other than the bailout.

 

[alchemize]

Originally posted by: Red Dawn

Originally posted by: sciwizam
Two Weeks Ago: White House Says It's Confident It Knows What Happened to Previous AIG Billions

From White House press secretary Robert Gibbs' briefing two weeks ago , when $30 billion in additional funds were announced for AIG. AIG had at this point designated $165 million in retention bonuses for officers of the Financial Products subsidiary, as well as an additional $121.5 million in executive bonuses.

TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?

GIBBS: Is it confident -- I'm sorry?

TAPPER: That they know -- that you guys know what happened to the previous billions before you hand over this next $30 billion.

GIBBS: Yes -- yes, the -- I mean, I don't think it's a -- well, obviously, you've got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that -- that Treasury and -- and others took were to ensure a larger systemic problem wasn't one that we had to deal with here today in letting something just die.

TAPPER: But in terms of specifically the -- I guess it's like $150 billion before, you guys are confident...

GIBBS: Yes.

Hmmm.

Them AIGers are Tricksy

There's an audit trail a mile long on these payouts. I know the mysterious world of "business" is mystical and scary to you, but there are these things called "contracts", and "computers", you know that thing you like to pound on all day, it keeps those "contracts". And there are also things called "accounting systems" on these "computers".

Ah hell, nevermind, yah it's all gone, they have no idea where it went.

 

[Phokus]

Originally posted by: CADsortaGUY

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: OrByte

Originally posted by: sactoking

IF the government is going to keep AIG afloat, it is cheaper to just pay the damn bonuses than it is to go to court (contrary to popular opinion here).

And on a similar note I have a hard time accepting that our government is only being made aware of these contracts now.

Myabe they underestimated how much scrutiny the public/media will be applying to these insitutions now that they are getting so much public money.

I say keep the damn pressure on all of them including Obama's admin.

Congress has known about them since February. One has to wonder about the timing of this latest "outrage". Slumping polls? Trying to sell the budget? Hmmm.... lots of juicy ones to pick from.

Conservatives: Lets help AIG execs steal more taxpayer money... this is purely political!

Psssttt... most Conservatives I know were and are still against the bailouts.

So you're pro-economic Armageddon, got it

Ah yes, the same old tired BS. It's either bailout(and then whining about how it's used) or "Armageddon". :roll: Don't mind there were very realistic paths for take other than the bailout.

Bailout, reign in the pay, put in new regulations so this crap doesn't happen again, maybe some jailtime too so this crap doesn't happen again. That or have the world economic implode.

What other options are there.

And besides that, we've already given them the bailout money so everything AIG does afterwards should be scrutinized. I bet if it were poor union workers who got bonuses, you'd be outraged. But since it's filthy rich execs, it's ok for them to steal, according to the republican mantra :roll:

 

[Red Dawn]

Originally posted by: alchemize

Originally posted by: Red Dawn

Originally posted by: sciwizam
Two Weeks Ago: White House Says It's Confident It Knows What Happened to Previous AIG Billions

From White House press secretary Robert Gibbs' briefing two weeks ago , when $30 billion in additional funds were announced for AIG. AIG had at this point designated $165 million in retention bonuses for officers of the Financial Products subsidiary, as well as an additional $121.5 million in executive bonuses.

TAPPER: AIG, is the administration confident that it, that it knows what happened to the tens of billions of dollars previously given to AIG?

GIBBS: Is it confident -- I'm sorry?

TAPPER: That they know -- that you guys know what happened to the previous billions before you hand over this next $30 billion.

GIBBS: Yes -- yes, the -- I mean, I don't think it's a -- well, obviously, you've got a huge insurance company that is losing money, not the least of which because of its sheer size and sheer size and decrease in the growth in our economy. It experiences a far bigger drop, largely because of its size. But, again, the steps that -- that Treasury and -- and others took were to ensure a larger systemic problem wasn't one that we had to deal with here today in letting something just die.

TAPPER: But in terms of specifically the -- I guess it's like $150 billion before, you guys are confident...

GIBBS: Yes.

Hmmm.

Them AIGers are Tricksy

There's an audit trail a mile long on these payouts. I know the mysterious world of "business" is mystical and scary to you, but there are these things called "contracts", and "computers", you know that thing you like to pound on all day, it keeps those "contracts". And there are also things called "accounting systems" on these "computers".

Ah hell, nevermind, yah it's all gone, they have no idea where it went.

Pssst, I was being facetious.

 

[Genx87]

Originally posted by: sciwizam

Originally posted by: Genx87

Originally posted by: Budmantom
Chris Dudd is a left wing hack just like Obama

While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an ?exception for contractually obligated bonuses agreed on before Feb. 11, 2009,? which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.

Typical liberalhe is outraged at the problem he created, ironically he gets more money from AIG than any other politician.

Hahaha the idiot spcifically pwned himself there.

btw do you have a link?

Found it

Thanks

So was this legislation payback for the contributions AIG gave him? Of course now he is leading the charge like the two faced whore of a politician he is.

 

[Red Dawn]

Originally posted by: Genx87

Originally posted by: sciwizam

Originally posted by: Genx87

Originally posted by: Budmantom
Chris Dudd is a left wing hack just like Obama

While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an ?exception for contractually obligated bonuses agreed on before Feb. 11, 2009,? which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.

Typical liberalhe is outraged at the problem he created, ironically he gets more money from AIG than any other politician.

Hahaha the idiot spcifically pwned himself there.

btw do you have a link?

Found it

Thanks

So was this legislation payback for the contributions AIG gave him? Of course now he is leading the charge like the two faced whore of a politician he is.

No he's outraged because he has egg on his face.

 

[Genx87]

Originally posted by: Phokus

Originally posted by: CADsortaGUY

Originally posted by: OrByte

Originally posted by: sactoking

IF the government is going to keep AIG afloat, it is cheaper to just pay the damn bonuses than it is to go to court (contrary to popular opinion here).

And on a similar note I have a hard time accepting that our government is only being made aware of these contracts now.

Myabe they underestimated how much scrutiny the public/media will be applying to these insitutions now that they are getting so much public money.

I say keep the damn pressure on all of them including Obama's admin.

Congress has known about them since February. One has to wonder about the timing of this latest "outrage". Slumping polls? Trying to sell the budget? Hmmm.... lots of juicy ones to pick from.

Conservatives: Lets help AIG execs steal more taxpayer money... this is purely political!

Huh? Who put the language in the stimulus bill to protect these bonus's?
Since when is Chris Dodd a conservative?!?!?!?!?!?!?!?

 

[BigDH01]

Originally posted by: Red Dawn
Well it seems it was Dodd's fuck up that let AIG pull this stunt (You'd think he'd know better than to trust these Corporate Crooks) so he should be the one leading the way to try and fix it. Yep the outrage from him probably has a lot to do with the egg on his face.

How is he not a corporate crook? He's no different except that he's been elected. Firstly, take the bonuses. Secondly, throw Dodd and anyone involved in lobbying Dodd from AIG in jail for treason. That will be the precedent to set, but it will never happen. Not from Republicans, not from Democrats, nothing changes. Nothing ever changes.

 

[Genx87]

Originally posted by: Red Dawn

Originally posted by: Genx87

Originally posted by: sciwizam

Originally posted by: Genx87

Originally posted by: Budmantom
Chris Dudd is a left wing hack just like Obama

While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an ?exception for contractually obligated bonuses agreed on before Feb. 11, 2009,? which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.

Typical liberalhe is outraged at the problem he created, ironically he gets more money from AIG than any other politician.

Hahaha the idiot spcifically pwned himself there.

btw do you have a link?

Found it

Thanks

So was this legislation payback for the contributions AIG gave him? Of course now he is leading the charge like the two faced whore of a politician he is.

No he's outraged because he has egg on his face.

Right, biggest single contributee from AIG and he magically writes a law protecting those bonus's? And when the bonus's come to light he is is all for going after the legislation he wrote?

You are right, he has egg on his face. But I dont have faith in any politician this connected to a company he wrote legislation in favor for being honest in thier convictions.

If this never came to light he would have let it slide. He now has potential political backlash. The first thing to do is appear to be doing something and make the story about how evil AIG is eventhough he wrote the law allowing them to do this.

 

[heyheybooboo]

Originally posted by: RightIsWrong
There is talk of letting the honor the contracts....and tax the proceeds at 98%.

Muuuhhhhaaaaaa

I like my idea better.

Go higher than 98%.

 

[Genx87]

Just think about this situation for a second. How is this douche(dodd) allowed to remain in power? Fucker writes a law that would save these bonus's and then gets pissed when the company abides by the very law he wrote. To top it off he is the biggest receiver of campaign cash from these guys. He should step down from his chair position and let somebody less connected to the very companies we are bailing out fill in his role. Clearly he lacks the impartiality required of the position on the banking comittee.

Only in DC could something like this happen and nothing come of it. Try doing something similar in the real world and watch how fast you lose your job.

 

[Red Dawn]

Originally posted by: BigDH01

Originally posted by: Red Dawn
Well it seems it was Dodd's fuck up that let AIG pull this stunt (You'd think he'd know better than to trust these Corporate Crooks) so he should be the one leading the way to try and fix it. Yep the outrage from him probably has a lot to do with the egg on his face.

How is he not a corporate crook? He's no different except that he's been elected. Firstly, take the bonuses. Secondly, throw Dodd and anyone involved in lobbying Dodd from AIG in jail for treason. That will be the precedent to set, but it will never happen. Not from Republicans, not from Democrats, nothing changes. Nothing ever changes.

I wasn't aware that he was the biggest recipient of campaign donations from AIG. That's fucked up.

 

[sactoking]

So, what are the campaigns going to be like when Dodd and other members of Congress are up for reelection?

I would imagine that whoever runs against Reid here in NV will make it pretty bloody.

 

[Genx87]

Originally posted by: Red Dawn

Originally posted by: BigDH01

Originally posted by: Red Dawn
Well it seems it was Dodd's fuck up that let AIG pull this stunt (You'd think he'd know better than to trust these Corporate Crooks) so he should be the one leading the way to try and fix it. Yep the outrage from him probably has a lot to do with the egg on his face.

How is he not a corporate crook? He's no different except that he's been elected. Firstly, take the bonuses. Secondly, throw Dodd and anyone involved in lobbying Dodd from AIG in jail for treason. That will be the precedent to set, but it will never happen. Not from Republicans, not from Democrats, nothing changes. Nothing ever changes.

I wasn't aware that he was the biggest recipient of campaign donations from AIG. That's fucked up.

:thumbsup:

I didnt know about the contribution situation either until I read the story. It is hard not to jump to the word corruption in this situation.

 

[heyheybooboo]

Originally posted by: Genx87

Originally posted by: Red Dawn

Originally posted by: BigDH01

Originally posted by: Red Dawn
Well it seems it was Dodd's fuck up that let AIG pull this stunt (You'd think he'd know better than to trust these Corporate Crooks) so he should be the one leading the way to try and fix it. Yep the outrage from him probably has a lot to do with the egg on his face.

How is he not a corporate crook? He's no different except that he's been elected. Firstly, take the bonuses. Secondly, throw Dodd and anyone involved in lobbying Dodd from AIG in jail for treason. That will be the precedent to set, but it will never happen. Not from Republicans, not from Democrats, nothing changes. Nothing ever changes.

I wasn't aware that he was the biggest recipient of campaign donations from AIG. That's fucked up.

:thumbsup:

I didnt know about the contribution situation either until I read the story. It is hard not to jump to the word corruption in this situation.

He'll file that under **Constituent Services**

 

[Red Dawn]

Originally posted by: Genx87

Originally posted by: Red Dawn

Originally posted by: BigDH01

Originally posted by: Red Dawn
Well it seems it was Dodd's fuck up that let AIG pull this stunt (You'd think he'd know better than to trust these Corporate Crooks) so he should be the one leading the way to try and fix it. Yep the outrage from him probably has a lot to do with the egg on his face.

How is he not a corporate crook? He's no different except that he's been elected. Firstly, take the bonuses. Secondly, throw Dodd and anyone involved in lobbying Dodd from AIG in jail for treason. That will be the precedent to set, but it will never happen. Not from Republicans, not from Democrats, nothing changes. Nothing ever changes.

I wasn't aware that he was the biggest recipient of campaign donations from AIG. That's fucked up.

:thumbsup:

I didnt know about the contribution situation either until I read the story. It is hard not to jump to the word corruption in this situation.

It's pretty blatant and if true (that he was corrupt) it's also incredibly stupid.