On Mar 17, 2009, at 9:48 PM, Kevin Callahan wrote: > > On Mar 17, 2009, at 6:29 PM, Kevin Callahan wrote: > >> >> http://www.foxbusiness.com/story/markets/industries/finance/dodd-cracks-aig---time/ >> >> While the Senate was constructing the $787 billion stimulus last >> month, Dodd added an executive-compensation restriction to the >> bill. The provision, now called “the Dodd Amendment” by the Obama >> Administration provides an “exception for contractually obligated >> bonuses agreed on before Feb. 11, 2009” -- which exempts the very >> AIG bonuses Dodd and others are now seeking to tax. >> >> Dodd’s original amendment did not include that exemption, and the >> Connecticut Senator denied inserting the provision. >> > > “I can't point a finger at someone who was responsible for putting > those dates in,” Dodd told FOX. “I can tell you this much, when my > language left the senate, it did not include it. When it came back, > it did.” > > “Because of negotiations with the Treasury Department and the bill > Conferees, several modifications were made,” Dodd Spokesperson Kate > Szostak in a response to FOX Business. > > The provision excluding those bonus payments made it into the final > version of the bill, and is law. > > > > another view: > http://www.openleft.com/showDiary.do?diaryId=12278 > Don't forget that Chris Dodd is the most endangered Democratic > Senate incumbent in 2010, as he currently trails his Republican > challenger Robert Simmons. Hard to imagine how Dodd's re-election > chances will be helped by a senior White House source telling the > New York Times that Dodd is to blame for the AIG bonuses. > > More in the extended entry. > > Chris Bowers :: White House Official Throws Chris Dodd Under Bus To > Protect Geithner and Summers > So, let's recap what we learned about Geithner and Summers today > (once again, mostly Geithner): > • We learned today that Federal Reserve Bank attorneys knew about > the bonuses for months, and were looking for ways to block them. > > • Last month, Senator Chris Dodd proposed legislation that would > have stripped the bonuses in the past, present and future. > > • Tim Geithner and Larry Summers both personally asked Chris Dodd > to drop that legislation. He refused. > > • The legislation was dropped during the conference report anyway. > > • Tim Geithner claims that, after looking into it for months, he > determined there was no way he could have stopped the bonuses. Larry > Summers agrees. > > • A senior White House source tells the New York Times that > Geithner is ourtaged by the bonuses. However, the source notes that > Geithner's analysis concluded that Chris Dodd, the most vulnerable > Democratic Senator in 2010, is to blame for this because he wrote an > exemption for AIG into recent legislation. This is even though > Geithner and Summers both personally asked Dodd to drop legislation > that would have retroactively stripped the AIG bonuses. > Now, some elements inside the administration have reached the point > where they are placing blame for something Geithner and Summers did-- > block legislation that would have stripped the bonuses--on the > person who wrote the legislation that would have stripped the > bonuses. And that person just happens to be the most vulnerable > Democratic Senators in 2010. > >
Follow the money. AIG contributions 2008 Dodd, Obama and McCain are the top three.. So, to me, Dodd, Obama, McCain and anyone else at the top of the list that are "outraged" weren't outraged when AIG was giving them the money. Dodd and Co. want the to pass a law that retroactively strip the bonus money so perhaps we can retroactively strip them of the contribution that AIG gave THEM while we are at it. =c= Here is the top few for year 2008 Dodd, Chris (D-CT) Senate $103,100 Obama, Barack (D-IL) Senate $101,332 McCain, John (R-AZ) Senate $59,499 Clinton, Hillary (D-NY) Senate $35,965 Baucus, Max (D-MT) Senate $24,750 Romney, Mitt (R) Pres $20,850 _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
