Check this out and it comes from within the Democratic party. This is unfreakin real. They say one thing and do another. Same crap from the Washington good ole boy club. Some things never change
Obama Officials Sought To Keep AIG Bonuses:
In a stunning development, Sen. Christopher Dodd said that Obama administration officials asked him to add language to last month's federal stimulus bill to make sure the controversial AIG bonuses remained in place
J. Scott Applewhite / AP
--------------------------------------------------------------------------------
Dodd, chairman of the Senate Banking Committee, told CNN that Obama officials wanted the language added to an amendment limiting bonuses that could be paid by companies receiving federal bailout money. He said they were afraid that without it, the government would face numerous lawsuits from employees who were promised bonuses.
On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at AIG [AIG 1.38 0.42 (+43.75%) ] to justify paying millions of dollars in bonuses to executives after receiving federal money. The nearly $800 billion stimulus bill was approved by Congress in February.
Dodd told CNN he did not speak to high-ranking administration officials and the change came after his staff spoke with staffers from Treasury.
The White House did not immediately respond to CNN's request for comment
The admission comes amid a public furor over the $165 million in bonuses that were paid to AIG executives late last week after the struggling insurance company received nearly $180 billion in government bailout funds.
Both Congress and President Obama have expressed surprise over the bonuses and demanded that the money be paid back. Democratic leaders said late Wednesday that the House will vote on legislation aimed at recovering the bonuses.
Read it for yourself:
Obama Officials Sought To Keep AIG Bonuses: Dodd - Financials * US * News * Story - CNBC.com
Obama and staff are crooks too
Linear Mode
