Pelosi says House Dems blameless in AIG scandal
House Speaker Nancy Pelosi (D-Calif.) kicked blame for the insertion of a provision allowing for AIG bonuses to go forward to the White House and the Senate on Thursday morning, saying House Democrats bore no responsibility for the bonus language at the center of the AIG storm.
The revelation that the $787 billion economic stimulus bill included language paving the way for AIG to award executive bonuses — which totaled $165 million and have caused an uproar in Washington and across the country — came to forefront of the debate on Wednesday.
And on Wednesday Sen. Chris Dodd (D-Conn.), chairman of the Senate Banking Committee, said his own executive compensation limitation language was substituted for looser language at the behest of Treasury Secretary Timothy Geithner.
Asked to explain what her understanding was of how the looser language came to pass through Congress, Pelosi pointed back at the Senate and the Obama White House.
“This is Senate-White House language,” Pelosi said, referring to the now-radioactive provision. “That is what we are talking about here.
“If you want to talk about what happened in the Senate, go to the Senate and talk to them,” she added.