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Thread: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

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    Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Sources in the Obama administration Tuesday said that despite previous media reports administration officials did not know until a couple weeks ago that the officials of the controversial AIG Financial Product Division were set to receive $165 million in bonuses on March 13.

    It was just this month, administration sources told ABC News, that officials of the New York Federal Reserve Bank -- after studying AIG's more than 100 compensation policies for more than 116,000 employees throughout the world -- informed the Treasury Department of the $165 million in bonuses pending for the controversial Financial Products Subsidiary.
    Political Punch: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Does anyone believe this? If you do, do you admit that Obama's administration is proving to be highly incompetent? Chris Dodd added an amendment last YEAR to PROTECT these payouts. They full well knew, how stupid is the American Public?

    If they believe this? Very much so.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Yeah, the American people are pretty ****ing stupid.
    down for you is up

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Quote Originally Posted by Joby View Post
    Yeah, the American people are pretty ****ing stupid.
    Well of course many are stupid, some voted for Bush twice, what did you expect?

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Quote Originally Posted by MrVicchio View Post
    Political Punch: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Does anyone believe this? If you do, do you admit that Obama's administration is proving to be highly incompetent?
    I'm not sure if I disbelieve this yet. Can you spell out why this is supposed to make them incompetent?

    Quote Originally Posted by MrVicchio View Post
    Chris Dodd added an amendment last YEAR to PROTECT these payouts. They full well knew, how stupid is the American Public?
    Actually that amendment was inserted to restrict payouts, the fact that the amendment's restrictions didn't apply to these payouts was a not a protection.

    It is interesting what is happening with Dodd since AIG was a large donor for him, but could you spell out what the link is with the Obama admin?

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Bull effing crap!

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Quote Originally Posted by MrVicchio View Post
    Does anyone believe this? If you do, do you admit that Obama's administration is proving to be highly incompetent?
    To be honest, I think you mean it the other way. If I may..... I think you meant "If someone DOESN'T believe this, then do you admit the Obama's administration is proving to be highly incompetent?"

    The answer to this from me is No, I don't believe it, and yes I believe the Obama administration is incompetent in this area.

    Obama should have never done bailouts IMO the way they were done.

    It was quite clear that the way the companies were running things were wrong, so why give them money to run things in the same way?

    I have yet to see a presidency 100% competent, but I am sorry to see Obama's administration failing in this regard.

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    [QUOTE=MrVicchio;1057962466
    Does anyone believe this? If you do, do you admit that Obama's administration is proving to be highly incompetent? [/QUOTE]

    You supported the Bush administration for eight years yet you want to judge the new administration incompetent after 6 weeks? What took you so long?

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Quote Originally Posted by WillRockwell View Post
    You supported the Bush administration for eight years yet you want to judge the new administration incompetent after 6 weeks? What took you so long?
    One admin had moments of stupidity surrounded by periods of good to great performance. One has been a non-stop disaster from the word go.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Quote Originally Posted by WillRockwell View Post
    You supported the Bush administration for eight years yet you want to judge the new administration incompetent after 6 weeks? What took you so long?
    As I pointed out in other threads, Bush did things that were irresponsible, but that doesn't excuse Obama's administration being irresponsible.

    There are definitely partisan hypocrites that supported Bush's responsibilities, but that doesn't excuse Obama's administration for theirs.

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    Re: Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

    Quote Originally Posted by MrVicchio View Post
    One admin had moments of stupidity surrounded by periods of good to great performance.
    No offense but that is your opinion. After going in Afghanistan, Bush has none IMO. That doesn't excuse Obama's though.

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