Comments on: Anger Over AIG Depletes Obama's Capital

Washington Post: Firm Received Billions From U.S.; Now Issues Bonuses, And White House Can't Stop Them

[jmiller80130]

The AIG argument that bonuses are necessary to keep top talent doesn't hold water. What does a resume' look like with a work history of AIG executive in their financial products division look like? Oh, wait. I was assuming that banking and financial companies are honest. These executive that quit might be snapped up right away because of their inherent industry knowledge.

[bumpedoff]

obamanation own's AIG.

[SJC1701]

You people are nuts or have bad memories, this AIG bail out occurred under BUSH, Obama and his group inherited this F____ mess.

at least get your facts straight.

[____One_American___]

While the Democrats pretend to be outraged by the AIG bonuses - we find that the Democrat Chris Dodd was responsible for AIG bonuses protected under a very recent law that the Democrats just passed:

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Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.95, 0.1699, 21.78%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.

The move represents somewhat of an about-face for the senator.

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment 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.

The amendment made it into the final version of the bill, and is law.

Separately, Sen. Dodd was AIG's largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.

A spokesperson for Senator Dodd said the senator "was completely unaware of these AIG bonuses until he learned of them in the past few days; to suggest that the bonuses affecting AIG had any effect on Senator Dodd's action is categorically false."

One of AIG Financial Products' largest offices is based in Connecticut.
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Do you have any doubts now about just how slimy the Obama administration and the Democrats are?

[pensacola8-2009]

Since the bailout was made without stings attached, AIG can legally keep the money and distribute it as they intended.

Creating a tax to collect the bonus money back, would violate the US Federal Constitution. Article 1 section 9 & 10 describe such event as "Ex Post Facto" and restrict federal and state laws from being passed retroactively or to criminalize action after the event occurred.

The country has to be very careful how it sets itself up for traps that it falls into. First we are good hearted and come to aid or provide assistance, then something happens and we loose our cheerfulness. Then someone comes to us for assistance again, and then we become rude, nasty and say "No", only to learn we just slashed our own throat because of prejudice.

The country must avoid acquiring prejudice over the AIG affair. We have to become stronger without the prejudice and legislate for the best interests of the country. We won't hit the target everytime. We will miss on our first try more often than on our successive efforts and tries. Weariness and fear should never be present in a negotiation.

The USA has a good record for hitting more targets than it misses. The world still loves us despite our errors and imperfections, because we find to way to accept and love ourselves as humans, not perfect humans.

[homespunlady]

Aside from AIG "sponsoring" the Manchester United sports team, Knowing full well they were in deep doodoo at LEAST as far back as early to mid 2008 and many of the NAMES that people are screaming for the 10k FINANCIAL STATEMENT of this HYDRA provides a rambling SCHEDULE of WHAT THEY DID and WHEN.

Interesting reading that can be found at:

http://media.corporate-ir.net/media_files/irol/76/76115/123108_10K_final.pdf

[homespunlady]

Aside from AIG "sponsoring" the Manchester United sports team, Knowing full well they were in deep doodoo at LEAST as far back as early to mid 2008 and many of the NAMES that people are screaming for the 10k FINANCIAL STATEMENT of this HYDRA provides a rambling SCHEDULE of WHAT THEY DID and WHEN.

Interesting reading that can be found at:

http://media.corporate-ir.net/media_files/irol/76/76115/123108_10K_final.pdf

[quapawsix]

We got the best system money can buy

[stevador39]

Obama and Geithner are doing whatever they can get away with. Obama has suggested that the regulation of the financial industry be turned over the the Federal Reserve Board. That's the fox guarding the hen house.

[jogger5079]

http://www.opensecrets.org/orgs/toprecips.php?id=D000000123

Dodd and NoBama EACH took over $100,000 in contributions from AIG last year. Hmm.....and the plot thickens!

Obama="empty suit with no substance!"