This Politico story has been making the rounds – see here and here and here and shoot, Memeorandum in general – and it’s mostly because of the passage below, in response over attempts to explain salary bonuses: But President Barack Obama wasn’t in a mood to hear them out. He stopped the conversation and offered a blunt reminder of the public’s reaction to such explanations. | Read More »
They may call it “delay,” but they mean “eliminate” – and the Washington Post is happy to assist with putting this story on the seventh page. Senate Will Delay Action on Punitive Tax on Bonuses Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to | Read More »
Good thing that he cleared that up: AIG’s $100G donation to Democrats was unknown to Gov. Paterson, he says Gov. Paterson stuck to his guns Saturday, insisting he knew nothing about a $100,000 donation from AIG to the state Democratic Party days before his office helped save the insurance giant. State Republicans charged the Democrats with stonewalling an investigation into the Aug. 29 donation, uncovered | Read More »
From Blue Crab Boulevard we see the first subtle signs of panic from the Obama administration over the likely repercussions of letting Congressional Democrats attempt to scapegoat Wall Street for their own sins. Obama Seeks to Soften the Punitive Legislation WASHINGTON — The Obama administration wants to soften the impact of bills speeding through Congress that would impose heavy new taxes on Wall Street bonuses. | Read More »
[UPDATE]: Welcome, Hot Air readers. If you haven’t seen Jammie Wearing Fools’ post yet, go for it. To review: (Via Fausta, Hot Air) A group called “the Connecticut Working Families Party” planned to bus around people to visit AIG offices and their officials’ homes. This has alarmed New York Magazine sufficiently that they find themselves agreeing with Rush Limbaugh about how things are getting out | Read More »
Jim Tedisco reminds us that Murphy may have an inclination towards giving bonuses to companies losing money… …although that may not be an entirely fair comparison. After all, back then Murphy’s bonus scheme didn’t involve your money. I wonder if he’s still for passing that miscalled “stimulus” bill – Tedisco is on the record as opposing it, mind you – and I wonder if Murphy | Read More »
[UPDATE] Yeah, let me fix this. [UPDATE the second.] Not much to fix at all, really. Just a state and a readjustment of how much money he took off of PMA. Whew! You’re ever-so-angry about this, to be sure: …but you voted for the debt bill that your fellow-Democrat Senator Dodd loaded down with a loophole permitting these payments. If you’re so concerned, why didn’t | Read More »
(Via AoSHQ) I have a suggestion for the Federal government. Find whoever it is that made this decision: In Twist, AIG Sues Its Benefactor Over Taxes In the midst of its negotiation with the federal government over revised terms of its bailout, American International Group Inc. sued the U.S. on Friday over a disputed $306 million in taxes, interest and penalties. The suit steps up | Read More »
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