Thursday, March 19, 2009

What's To Understand About AIG Bonuses


Soap Box Ravings just wants to understand what is happening here. When the initial TARP monies were distributed, there was media noise about bonuses being paid. Not a lot, but enough to alert everyone who is not a politician.

Then the Messiah took over the reins of government. The porculus bill was written behind closed doors by a Democrat controlled Congress. The Dodd Amendment was written by the Senator who put his name on the amendment. Then the messiah signed the porculus bill.

Suddenly on a Monday following dissemination of billions of dollars on the previous Friday the Messiah and crew find out that some number of millions went to pay bonuses to AIG personnel.

To make matters worse, the Messiah almost incites the public to riot over the bonuses.

But then it turns out the bonuses were allowed by the Dodd Amendment. Senator Dodd did not and then did write the amendment authorizing the bonuses.

Then lastly, the Messiah who claimed he was not responsible for the bonuses, even though the were legal IAW the porculus bill he signed as President, then claims to take responsibility by using a variation of Harry Truman's line, "The Buck Stops here".

Now in all of this furor over millions (about 135 million dollars) the Messiah has not discussed the billions (about 175+ Billion)funneled through AIG to banks in Europe and other places such as Goldman Sachs.

And to frost the cake, rumor has it that the Senate and the House of Representatives use AIG to handle their retirement accounts.

You just can't invent this shit!