The people that are postesting the AIG bonuses need to start with the people?

Question

that wrote th e bounuses into the stimulus bill for pay back for contributions and you can stat with Obama and work your way down to Dodd and Frank. For the union people going out to I believe LOng Island Saturday to drive by the AIG exec. homes they might want drive by the Union executives home but they want to be careful they might get caught in a hail of "lead".

Answer 1

I agree with you. The new AIG CEO Edward Liddy takes the hot-seat during a congressional hearing so that his enablers can wag their fingers at him while letting themselves off the hook again.

These are award-winning performances of Washington hypocrites outraged by the AIG entitlement beast they nurtured through four massive bailout infusions. Have you noticed Obama and congress acting so outraged and surprised, but yesterday we learned that he signed the very bill that quite clearly made those bonuses legal — the $787 billion stimulus package he had traveled around the nation promoting.



The bill includes restrictions on executive compensation, but creates an exception for bonuses contractually obligated before February 11 of this year. The provision, and the exception, were inserted into the bill by the chairman of the Senate Banking Committee, Chris Dodd (D, Conn.), who has received more than $100,000 from AIG employees in the last 20 years, had written and inserted the relevant provision, with the relevant loophole.



How can he, the president, or anyone else who voted for the stimulus, suddenly act surprised? Don't tell us they didn't read the bill. The presence of this loophole, in black and white, certainly gives the lie to all of this phony outrage — by the senator who created the loophole, by the president who signed it into law, and by everyone else who voted for the stimulus package. o_O

Answer 2

Obama, Nancy Pelosi, Barney Frank, Harry Reid are just a few of the people that you can begin with over the AIG bonuses, there was no clause written into the stimulus package, that prevented payment of the bonuses, just like there was nothing to stop Bank of American from taking stimulus money and investing it overseas.

Many of the executives of AIG decided to return their bonuses long before Obama said anything about it, let me rephrase that, before Obama's teleprompter told him to bit** about the bonuses, which he never would have done if not prompted.

Those very Democrats that spoke out about the bonuses are the same ones who voted for them in September, approving the bonuses. They cannot be denied the bonuses because they are written into their contracts, and only a bankruptcy judge can cancel a bonus such as this, without breach of contract.

Something the Democratic Mafia should have learned their first year in college unless they were too stoned to remember what the professors were telling them. The President already admitted using Cocaine, so why are the others hiding their drug abuse?

People are pi**ed about the bonuses, but nobody comments on the 30 million dollars that went to Capo Nancy Pelosi's district for some da**ed rare mouse. There are people homeless and jobless, and the stimulus gives San Francisco 30 million for a mouse, talk about waste, where is the responsible Democratic leadership that we have heard taunted since January 20th?, I'm sure there are other pork barrel programs in the stimulus that we know nothing about, who wants to read an 1100 page diatribe filled with Obama's nonsense.

Is it the aim of the Democratic Mafia to blame Bush for this mouse being near extinction, everyday hundreds of different species become extinct, without the government handing them money during a recession for their little pet projects, Pardon the pun.

Answer 3

ask them



1)CEO: Martin Sullivan

2)Senior Vice President Life Insurance: Edmund Tse

3)Vice Chair, Global Economic Strategies: Jacob Frankel

4)Vice Chair, External Affairs: Frank Wisner

5)Executive Vice President & Chief Financial Officer: Steven Bensinger

6)Executive Vice President: General Counsel & Senior Regulatory Officer: Anastasia Kelly

7)Executive Vice President Domestic General Insurance: Kristian Moore

8)Executive Vice President Life Insurance: Rodney Martin Jr

9)Executive Vice President & Chief Investment Officer: Win Neuger

10)Executive Vice President Domestic Personal Lines: Robert Sandler

Answer 4

Yes. The gang that wrote/rewrote the TARP and bail out verbiage is at fault. The American anger should be directed at them for their complete incompetence. But the spin from Washington and the media is whipping up erroneously, the American focus away from the real problem. As usual. A distraction.

Answer 5

There ya go! Yet somehow it's the recipients' fault for taking it when Dodd gave it to them. Maybe this is just a smoke screen so we won't notice the treasury printing 1 trillion dollars without anything to back them. They aren't worth the paper their printed on. Maybe Obama wants a depression.

Answer 6

The tax they are implenting is unconstitutional. Obama and co. are building up the public's hatred to public companies why? So the government can swoop in and play the savior.

Answer 7

Don’t be fooled by reports that Obama just learned of the AIG bonuses or the stimulus bill clauses that enable them. His response to Jay Leno, that he was “shocked” to learn of the bonuses was simply feigned emotion.



http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/



First, These bonuses were widely reported in January.



Second, The New York Times reported in February that the White House Wanted to Revise Parts of the Stimulus Dealing with Executive Compensation.



Facing a stricter approach to limiting executive bonuses than it had favored, the Obama administration wants to revise that part of the stimulus package even after it becomes law, White House officials said Sunday…. President Obama plans to sign the $787 billion stimulus bill on Tuesday, but his administration will seek changes in the government’s approach to executive compensation, a senior Obama adviser, David Axelrod, said…. Mr. Obama’s press secretary, Robert Gibbs, appearing on “Face the Nation” on CBS, also said the administration would seek to “strike the right balance” on compensation. Asked if Mr. Obama would enforce the bill and was satisfied with it, Mr. Gibbs replied, “We will sign this bill into law on Tuesday.”



Obama wanted to make the executive compensation rules lax:



Under the administration’s proposal, compensation restrictions would apply only to banks that received “exceptional assistance” from the government.



Two top lawmakers on committees that oversee financial regulations appeared to dismiss the possibility that the administration would not follow the compensation requirements. “Mr. Gibbs may not like it, but it is going to be enforced,” Representative Barney Frank, Democrat of Massachusetts and chairman of the House Financial Services Committee, said on CBS. “This is not an option. This is not, frankly, the Bush administration, where they’re going to issue a signing statement and refuse to enforce it.”



In March, according to the WSJ, Obama issued signing statements — although it is not clear if these signing statements directly affect executive compensation due to the broad nature of the relevant statements issued by Obama.



Third, Obama’s Treasury Secretary, Geithner, at a March 3rd Ways and Means hearing responded to a question about the AIG bonuses to be paid for in weeks. This hearing came one week before Secretary Geithner says that he knew about the bonuses and testifies the President laid out provisions for bonuses.



http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/



INCOMPETENT or LIES: To have the executive compensation section of the bill so adamantly discussed by this administration, without thought to AIG Bonuses, the single biggest beneficiary of all bailout funds renders this administration grossly incompetent. The other explanation is that he is now lying to save face. You decide.



Remember, Obama wants to encourage anger at AIG because it takes the attention away from the gross incompetence of government. The government is charged with the responsibility to protect taxpayer money, not AIG. The mere fact Obama enabled this mess puts him at the root of this problem. But the Obama administration understands that if public discourse is centered on greedy companies–it takes attention away from his responsibility.



From CNN: But though some lawmakers did move to prevent bonuses in the stimulus bill last month, the final language actually makes an exception for pre-existing contracts, effectively exempting AIG.



HIGH IMPACT - Thanks to our stimulus spending bill search engine, 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 [sic] 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.



The stimulus bill should have nothing to do with executive compensation. However, woven within the stimulus bill are laws deal

Answer 8

Misdirected anger. The true blame lies with Congress for approving bailout legislation under Bush.



Bush should have never signed that bill, and forced Pelosi and her gang to override his veto.

Answer 9

They weren't written into the bill, there were provisions in the bill that restricted them. The attorneys looked over the bill and said that you can't have restrictions for things that were already done. They then had to remove the provision. It was not foreseen that they would take that kind of money.