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AIG and the bonuses, now congress is mad, how stupid!!

I find it interesting...congress voted for the bailout, the majority of Americans were against it. Now congress is mad how AIG is spending the money!!
I say anyone who voted for this bailout is MORE to balme than how AIG spends the money!!

The double standard really pisses me off. I would love to nail congress for treason!!



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SteveMT's picture

STIMULUS BILL GRANTS AIG RIGHT TO HAND OUT .....

UNLIMITED BONUSES PER SENATOR DODD!

Obama’s Stimulus Bill Explicitly Grants AIG the Legal Right to Hand Out Unlimited Bonuses

March 17, 2009

HIGH IMPACT - Thanks to our porkulus search engine and browser, we discovered that Obama granted AIG a free legal pass to give high bonuses because of the following stipulation in Obama’s stimulus bill he personally orchestrated and signed into law:

From page H1412 of the Final Stimulus Bill, “SEC. 111. EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE:

“(iii) The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a writte employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.”

This amendment provides an exception for contractually obligated bonuses agreed on before Feb. 11, 2009, which exempts the very AIG bonuses Obama is condemning every single chance he gets. The amendment is in the final version and is law.

Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org — According to the Wall Street Journal, Sen. Dodd placed this section into the final stimulus bill, making him responsible, along with Obama, for AIG receiving these bonuses.

http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-ex...

Our politicians (minus RP)

Our politicians (minus RP) are a bunch of clowns...

And I'm happy to see AIG get trampled on... That's the price they pay for taking government welfare. I hope the government annoys them a lot!

The fact that congress passed the bailout bill while the vast majority opposed it and the more the government annoys AIG, the more people are going to dislike government... This is a good thing.

With the power to print the

With the power to print the government doesn't worry about amounts,it's all about control.
Look at the military,they bribe people with $ and benefits for college.The majority doesn't join because their needed or for honor,it's all about what the individual will receive from government.
This scheme dates back to the civil war - greenbacks.You can't have a military if theres no money.So what did they do? Print there own that's government backed.
It seems right and wrong doesn't matter anymore.It's how much "right" is paying or "wrong" is paying.

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"Fiat money is an oxymoron...it is—government issued coupons with expiration dates printed in invisible ink." - Darryl Schoon

13 No servant can serve two masters; for either he shall hate the one, and love the other, or else he shall lean to the one, and despise the other. Ye cannot serve God and riches. - Luke 16

Senator Dodd is purposing a 90% tax

on people who receive these bonuses from AIG. One other side note, these bonuses were approved over a year ago by AIG. The government should have known this before they gave them the money right?

"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."

-Alexis de Tocqueville

agreed!

agreed!