I don’t like to encourage masochism, but if you were ever going to watch Keith Olbermann, tonight is probably the night. After all, given Olbermann’s tendency to quit his meds and start frothing at the mouth over corporate hypocrisy, he has a juicy target today. Who’s the latest fat-cat to get wealthy from taxpayer bailout money? Why, it’s the pride of Cownell – Keith Olbermann. | Read More »
Chris Dodd Chairs the Senate Banking Committee – a position that made him important enough to become a Friend of Angelo, and allowed him to influence the porkulus conference committee to allow AIG to award bonuses to senior employees. It led AIG executives to strong arm employees into donating to Dodd. It also gave Dodd disproportionate influence in killing efforts to clean up Fannie Mae | Read More »
Senator Dodd, there’s been a lot of attention recently to your relationship with AIG. You’re the top Congressional recipient of their political donations, they have a major presence in your state, and you sponsored a provision that allowed them to deliver bonuses to many of your constituents. And yet even as you’ve sworn up and down that you never wanted to protect AIG, and you | Read More »
We at Red State have pointed out several times that while Chris Dodd agreed to insert an amendment into the stimulus bill to protect AIG bonuses, he was not in position to do so. Chris Dodd was not a Member of the conference committee that drafted the final version of the bill – the only one that had protection for AIG. The Democrats on the | Read More »
When the House passed the Obama-Reid-Pelosi debt spending plan – and the carveout for AIG bonuses – Democrats allowed a scant few hours for review of the 1,000 page bill before the vote. Some honest Members of Congress admitted they had not read the bill. Nevada’s Dina Titus however, claimed to have done so: House Democrats voted on the ‘stimulus’ bill just a few hours | Read More »
Today Treasury Secretary Geithner gave an interview to CNN in an attempt to head off further inquiries into the Democrats’ handling of the AIG mess. What he admits is stunning: Velshi: One of the issues CNN and other news organizations have reported since late January, that AIG was going to pay about $450 million to about 400 employees of the AIG financial productions unit, which | Read More »
A friend informs me that all but 8 House Democrats just voted against a measure to require the Obama administration to do everything legally possible to compel AIG to return to the taxpayers the controversial bonuses approved by Secretary Geithner. The bill is described here by its sponsor, Congressman Paulsen: This is the text of the bill: Section 1: The Secretary of the Treasury shall, | Read More »
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