Real World

Liar, liar, pants on fire?


March 18, 2009

Breaking: I was responsible for bonus loophole, says Dodd

Posted: 05:56 PM ET

Sen. Dodd told CNN Wednesday that officials in the Treasury Department asked him to add the bonus loophole to the stimulus bill before it was passed.

WASHINGTON (CNN) — Senate Banking committee Chairman Christopher Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses.


On Tuesday, Dodd denied to CNN that he had anything to do with the adding of that provision.

CNN Political Ticker: All politics, all the time Blog Archive - BREAKING: I was responsible for bonus loophole, says Dodd - Blogs from CNN.com

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Real World

Hmm...meet the new people, same as....nevermind.


Dodd: Administration pushed for language protecting bonuses

NEW: Sen. Dodd tells CNN he put bonus provision in bill, despite earlier denials

Sen. Chuck Grassley: Congress only has leverage if firm uses taxpayers' money

AIG under fire for doling out big bonuses after taking bailout money

Rep. Barney Frank says execs shouldn't get bonuses if they are "incompetent"

(CNN) -- Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.

Dodd, a Democrat, told CNN's Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and "golden parachutes" at those companies. "The administration had expressed reservations," Dodd said. "They asked for modifications. The alternative was losing the amendment entirely."

Dodd: Administration pushed for language protecting bonuses - CNN.com

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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

patsfan13

Weel AIG got what they paid for when they gave the $$$ to obama and dodd.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Bigdogx

Hows does congress get away with pointing a finger at a guy who was not even responsible for these bonus checks and is trying to turn the company around working for about .00000000000001 cents a hour? These worthless scumbags in congress pass bills spending our money without even so much as reading a page.

Leave No Doubt

AIG Bonus Scandal—Bernanke and Fed Signed Off - ProPublica

Two GOP Reps Call For Geithner's Resignation

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edit...2012 BABY!

patsfan13

What about the bonuses paid to the dems working for Dreddie and Fannie???

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Patriot_in_NY

It's even funnier watching that POS Barney Frank and his FAUX OUTRAGE towards Libby.

What is d!!ck

Leave No Doubt

Barney,Freddie and Fannie I agree with much of what Frank's proposed re: drug laws,etc but he's just as corrupt as the rest of Congress, who are the real culprits here. The Fed passed this bonus thing as did Geithner and Bernake. The hypocrisy is astounding.

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edit...2012 BABY!

PatsWSB47

Yeah how about it..........that and all the blow-hards with their self righteous indignation grandstanding yesterday........all of whom voted for that bill to pass with that bonus language in it.

Leave No Doubt

And while the dog and pony show went on, the Fed printed another trillion and sneaked it into the economy: While AIG was under fire:

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edit...2012 BABY!