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

[frostedflakes]

Originally posted by: 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.

Unfortunately, I'm pretty sure their seats are safe. Dodd, Frank, etc. are a bunch of morons, though, I'd love nothing more than to see them voted out.

edit: And don't forget the Countrywide loan scandal that Dodd is involved in.

 

[BigDH01]

Originally posted by: 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.

It's not stupid. There is never any punishment. He just completely screwed America and he'll not spend one dime or one day in jail because of it. He'll throw around some tough words and go home (or maybe his vacation house in Ireland) and enjoy the benefits that companies like AIG have afforded him. Corrupt? Yes. Stupid? No.

Until we demand accountability from our representatives, this is the behavior we can expect. This requires people stepping away from American Idol and doing something with their voice, their life. Not expecting it. Like I said, nothing ever changes.

 

[Socio]

Originally posted by: winnar111
Tim Geithner figured out how to not pay his taxes. I'm sure AIG execs can too.

I am sure he will fix it for them.

 

[Red Dawn]

Originally posted by: BigDH01

Originally posted by: 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.

It's not stupid. There is never any punishment. He just completely screwed America and he'll not spend one dime or one day in jail because of it. He'll throw around some tough words and go home (or maybe his vacation house in Ireland) and enjoy the benefits that companies like AIG have afforded him. Corrupt? Yes. Stupid? No.

Until we demand accountability from our representatives, this is the behavior we can expect. This requires people stepping away from American Idol and doing something with their voice, their life. Not expecting it. Like I said, nothing ever changes.

I disagree, hit is stupid of him. He might not go to jail but he just might not get re-elected. his popularity in his home state is suffering and his has got to really hurt.

 

[BigDH01]

Originally posted by: Red Dawn
I disagree, hit is stupid of him. He might not go to jail but he just might not get re-elected. his popularity in his home state is suffering and his has got to really hurt.

How is it going to hurt? He's 64, you think he really cares if he loses in 2010? I'm sure his corruption has earned him enough wealth to retire a happy man, or maybe even earned him enough prestige in the eyes of his puppet masters to ensure his future position corrupting other politicians. He's a leech that will continue to drain the American people of their rightful ownership of this country until some lawmaker finally stands up, says enough, and stomps on people like Dodd. The American people are apparently incapable of doing this themselves. The fact that this man is still holding any position at all despite such an obvious act of corruption simply proves the point.

 

[AreaCode707]

I hated the bailout and still think it's a shitty idea, but allowing the government to do this is just one more string of responsibility we cut, allowing them to do whatever the fvck they want. Government should not be all-powerful and able to make up laws on the spot whenever it suits them.

 

[Red Dawn]

Originally posted by: BigDH01

Originally posted by: Red Dawn
I disagree, hit is stupid of him. He might not go to jail but he just might not get re-elected. his popularity in his home state is suffering and his has got to really hurt.

How is it going to hurt? He's 64, you think he really cares if he loses in 2010? I'm sure his corruption has earned him enough wealth to retire a happy man, or maybe even earned him enough prestige in the eyes of his puppet masters to ensure his future position corrupting other politicians. He's a leech that will continue to drain the American people of their rightful ownership of this country until some lawmaker finally stands up, says enough, and stomps on people like Dodd. The American people are apparently incapable of doing this themselves. The fact that this man is still holding any position at all despite such an obvious act of corruption simply proves the point.

What you don't seem to understand is that power is more important to guys like him than money. With money he's just another wealthy ex politician but in his position as Chairman of the Committee he holds a lot of power with is much more alluring to him than money.

 

[BigDH01]

Originally posted by: Red Dawn

Originally posted by: BigDH01

Originally posted by: Red Dawn
I disagree, hit is stupid of him. He might not go to jail but he just might not get re-elected. his popularity in his home state is suffering and his has got to really hurt.

How is it going to hurt? He's 64, you think he really cares if he loses in 2010? I'm sure his corruption has earned him enough wealth to retire a happy man, or maybe even earned him enough prestige in the eyes of his puppet masters to ensure his future position corrupting other politicians. He's a leech that will continue to drain the American people of their rightful ownership of this country until some lawmaker finally stands up, says enough, and stomps on people like Dodd. The American people are apparently incapable of doing this themselves. The fact that this man is still holding any position at all despite such an obvious act of corruption simply proves the point.

What you don't seem to understand is that power is more important to guys like him than money. With money he's just another wealthy ex politician but in his position as Chairman of the Committee he holds a lot of power with is much more alluring to him than money.

No, what I fail to understand is the difference between money and power. It seems money was able to buy quite a bit of power for AIG, no?

 

[AreaCode707]

Originally posted by: Phokus

Originally posted by: GTaudiophile
"In the USA, they taxed first the AIG corporate thieves at 90%, And I didn?t speak up because I wasn?t an AIG corporate thief;
And then they came for the rich who make over $500,000 per year, taxing them at 92%, And I didn?t speak up because I didn't have that income;
And then they came for the Republicans, taxing them at 95%, And I didn?t speak up because I wasn?t a Republican;
And then . . . they came for me . . . And by that time no one had the money to buy guns, revolt, throw a Boston tea party, etc."


Setting precedence can be a dangerous thing.

Yeah, i'm sure they're going to start taxing random groups of people higher tax rates for no reason, nevermind that AIG practically stole our taxpayer dollars by holding a gun to our heads :roll:

AIG is not capable of forcing the government to do anything. WE elected the politicians that put the stimulus through. WE sent the message to those politicians that we weren't willing to deal with the fallout of AIG's failure. (Well, the majority did, anyway.)

 

[chess9]

Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

 

[Fern]

Hey, I'm certainly no fan of Dodd but I think you guys are mis-stating the provision against bonuses after Feb 11, 2009.

It's a restriction, not protection

I'd guess Feb 11 is the date they were doing the bailout. I don't see how they can legitimatley retroactively void compensation contracts made before Feb 11.

I'm saying he's a tool for now raising h3ll when he knew all along that pre-Feb 11 bonuses were permitted. He posturing for political purposes like the hypocrite windbag he is.

Edit: 03/17/09 I'm now hearing Geithner and the Treasury Dept insisted upon the Feb 11 date, not Dodd. Whatever the case, everybody knew about it (despite assertions to the contrary) and the purpose for choosing the date remains the same.

Fern

 

[quest55720]

Originally posted by: chess9
Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

Obama is at fault for these bonus payments. The porkulus was his bill and that bill was the one that let these payments continue on.

 

[Budmantom]

Originally posted by: quest55720

Originally posted by: chess9
Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

Obama is at fault for these bonus payments. The porkulus was his bill and that bill was the one that let these payments continue on.

Obama did say that there would be accountability under his reign..... welcome to accountability under Obama.

 

[chess9]

Originally posted by: quest55720

Originally posted by: chess9
Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

Obama is at fault for these bonus payments. The porkulus was his bill and that bill was the one that let these payments continue on.

Sorry, but that was mostly TARP 1 money, and those bonuses had been inked before TARP 1 so Bush and Paulson should have inserted a provision that there would be NO BONUSES PAID to the division that produced all the CDS failures. They barely looked at AIG's structure and books! LOL! Most Congressmen acted out of fear, not rationality. This was exactly like the Iraq war resolution in 2001. The Dems were 'hooked' (a tennis term for calling an in ball out) by the Republicans, yet again! None of these people are fit to govern!!!!

Give me a break. In Obama and Geithner's defense, they came into the game in the fourth quarter down 99-0 thanks to Bush. But, the score is now 99-1.

-Robert

 

[Red Dawn]

Originally posted by: Budmantom

Originally posted by: quest55720

Originally posted by: chess9
Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

Obama is at fault for these bonus payments. The porkulus was his bill and that bill was the one that let these payments continue on.

Obama did say that there would be accountability under his reign..... welcome to accountability under Obama.

And it seems there is even if this mess was created when Bush was President.

 

[Xellos2099]

All of this talk is pure BS. You really want to tell me Obama HAD no idea that the money will be pay to the executive? He wait till this day when his popularity is down to bring up this topic of the executive bonus.

 

[Budmantom]

Originally posted by: chess9

Originally posted by: quest55720

Originally posted by: chess9
Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

Obama is at fault for these bonus payments. The porkulus was his bill and that bill was the one that let these payments continue on.

Sorry, but that was mostly TARP 1 money, and those bonuses had been inked before TARP 1 so Bush and Paulson should have inserted a provision that there would be NO BONUSES PAID to the division that produced all the CDS failures. They barely looked at AIG's structure and books! LOL! Most Congressmen acted out of fear, not rationality. This was exactly like the Iraq war resolution in 2001. The Dems were 'hooked' (a tennis term for calling an in ball out) by the Republicans, yet again! None of these people are fit to govern!!!!

Give me a break. In Obama and Geithner's defense, they came into the game in the fourth quarter down 99-0 thanks to Bush. But, the score is now 99-1.

-Robert

It was Geithner, not Paulson, who put together the original rescue plan for the American International Group! I'm sure that you stand behind Barrack Hussein Obama, his girl Dudd and the man that's too smart to pay his taxes Geithner.


but Bush..... it's getting a little old ladies.

 

[Budmantom]

Originally posted by: Red Dawn

Originally posted by: Budmantom

Originally posted by: quest55720

Originally posted by: chess9
Bailing out AIG was a huge mistake, but bailing them out without some serious constraints on their uses of the money was an even bigger mistake. The Congress rushed to pass TARP I and never considered all the ramifications of giving a private corporation such huge sums of money. This was Bush and Paulson's doing at the start, but Obama voted for it and continued it.

Let's hope that the value of this lesson, though an expensive one, is not lost on Congress, Obama, or the American people. If we've learned something, then perhaps paying these thieves was worthwhile....


-Robert

Obama is at fault for these bonus payments. The porkulus was his bill and that bill was the one that let these payments continue on.

Obama did say that there would be accountability under his reign..... welcome to accountability under Obama.

And it seems there is even if this mess was created when Bush was President.

but Bush.....

Obama is the man to get us out of this mess with accountability, no earmarks, bi-partisanship and honesty.

 

[Budmantom]

Originally posted by: Xellos2099
All of this talk is pure BS. You really want to tell me Obama HAD no idea that the money will be pay to the executive? He wait till this day when his popularity is down to bring up this topic of the executive bonus.

Well he doesn't know what he is doing, he probably doesn't know that Geithner put AIG in the original bailout, it's doubtful he realizes that he just gave AIG another 30 billion.

He is a Democrat like Dudd he is the 1st to whine and be a victim but last to claim responsibility.

 

[conehead433]

It is being reported that AIG will repay the 165 million they gave out in bonuses. The funny thing is that it will be deducted from the next 30 billion they will be getting from the government. It's not just funny, it's absolutely fvcking hilarious how much these morons with the help of our government can steal from us.

 

[Budmantom]

Originally posted by: conehead433
It is being reported that AIG will repay the 165 million they gave out in bonuses. The funny thing is that it will be deducted from the next 30 billion they will be getting from the government. It's not just funny, it's absolutely fvcking hilarious how much these morons with the help of our government can steal from us.

Be sure to thank everyone that voted for the bailouts without reading them.

So the tax payers will get $165 million back and no word yet on the 10's of billions that have gone to foreign banks.