This is now a major Democratic integrity issue: Chris Dodd allowed AIG to rake in billions of dollars in his home state, allowed the bonuses now so famous, and he is saying he’ll work his tail off for the Citizens of America to recoup every dollar.
He doesn’t have the stones to tell the President: “We screwed up, Mister President. Better we own up to the American people.”
And neither does Tim Geithner. He knew about the AIG bonuses, and he allowed the president to go on a rant yesterday. Geithner knew about AIG’s bonuses, he allowed them, and he allowed the president to grandstand yesterday in a self-righteous speech about “outrage.”
Or faux outrage.
The president knew abut the AIG bonus money last week and faked the big outrage event yesterday.
And most of the mainstream media has swallowed this BS — like CNN. That’s a real outrage.
What is outrageous here is Obama, Geithner, Obama and Dodd. And most of the media which is silent and “outraged.”
Few know more about the bailout of AIG than Senator Chistopher Dodd (D-Conn), chairman of the Committee on Banking, Housing and Urban Affairs.
Senate staffers tell us he allowed the AIG contracts that provide the bonus money now at issue — and now he has joined the fight to get that same money back.
Dodd suggested a tax provision to recoup the bonuses — which he should have never allowed.
Much of the bonus money will be paid to AIG people who are not American citizens and work overseas — so the horse has already left the barn in many respects….
Dodd allowed AIG to prosper in his home state and now he has thrown them under the bus.
The Washington Post said today that hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year.
Senator Richard Shelby is saying Treasury Secretary Geithner also knew about the bonuses and allowed them to be paid….
John E. Carey
Wakefield Chapel, Virginia
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., left, and the committee’s ranking Republican Sen. Richard Shelby, R-Ala., listen during a hearing on modernizing insurance regulations, Tuesday, March 17, 2009, on Capitol Hill in Washington.(AP Photo/Susan Walsh)
Obama: Fire Geithner
Sen. Chris Dodd said the government could apply a tax to the AIG bonuses.