What is fascinating is that grandstanding Democrats will now bring Liddy to the carpet when the man is earning ONE dollar in salary to help get this company back on its feet.
Have you been watching some of the grilling he's getting? (check it out
here, it's on break right now but should begin again in about an 45 minutes).
Some of these congressmen, from both sides, are being total assholes to this guy.
Quite frankly, I was withholding judgment about the whole thing until I saw Liddy talk. I am now far more understanding of the bonuses being paid.
But I must say, this isn't squarely on Obama's shoulders. This has been an issue since October and November, according to Liddy.
The AIG thing is as much Bush's baby as it is Obama's. About 150 billion of the TARP money AIG received came last year.
My thoughts are that both parties should be held to the fire, not just the Dems.
Some people, like Jeb Hensarling, are free from that fire, IMO. From what I've watched so far of this witch-hunt, he made the most salient point by saying that Liddy should have offered a "double or nothing" bonus plan to the people who received these bonuses based on Liddy's "bullish outlook on AIG's future.
One thing I cannot stress enough, though, is that Liddy has ALL of my respect in this situation and the fact that he's being treated like a piece of **** by these assholes is quite irritating to me.
Most mention that Liddy is "one of the good guys" but one asshole (I didn't catch his name) basically admitted he was
trying to offend Liddy by saying that he himself was involved in monkey-business trying to protect his pay (his one ****ing dollar a year salary) by creating an immunity to the CDO's for bonuses.
That guy was a total and complete prick, and if anyone was watching and caught his name, I'd appreciate it so I can write a letter tearing him a new asshole.