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Dodd says he was misled on bonus legislation

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Dodd defends actions as an AIG exec returns $6 million bonus - CNN.com

(CNN) -- A defiant Sen. Chris Dodd defended his actions on bonuses for AIG executives Friday as news surfaced that a senior company executive was returning his $6 million bonus.

Sen. Chris Dodd admitted to CNN this week that he added bonus legislation to the stimulus bill.

Dodd said he was misled on the issue of bonuses for AIG executives. He claimed he would not have drafted key legislative changes allowing the bonuses to move forward if he knew the purpose of those changes.

It's hard to admit when you're wrong.
 
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He should immediately step down as Chair of the Senate banking committee.

Regardless if he was "mislead" or not, this mess happened on his watch, it's his job to oversee this.
 
Correct. It's his job to have known.
 
How exactly do you craft bill language that allows for bonuses and then claim you didn't know what it was for.

One word.

Retardliarface.

Kali blast in...3...2...1...:mrgreen:
 
If you don't know how to read, or what words mean, get the **** out of Congress.
 
If you don't know how to read, or what words mean, get the **** out of Congress.

yokw8.jpg
 
Misled? Bull****, he should step down on this one.

I'd have more respect for this guy if he just admitted his mistake, but alas he didn't. Time to step down.
 
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What about, you know, the people who told him to put it in there. should they step down too? :lol:
 
What about, you know, the people who told him to put it in there. should they step down too? :lol:

I think there should be an open Congressional investigation and hearings into this to find out who in government knew what when.

Just like hauling in the Generals to testify during war, we should have these financial oversight generals in Congress and the White House, the Exeuctive Branch tell us who, what, when, where, why and how.

Dodd, Geithner and Obama can start.

It's time for some public accountability.

.
 
For the sake of argument, let's assume that Dodd WAS mislead on the bonus issue......

Do his constituents really want a dumbass who can be easily misled representing them? Of course not. They want someone who has something in his head other than a pile of rocks.

So, if what Dodd is telling us is actually true, then by Dodd's own admission, he is incompetent, and should be replaced.
 
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What about, you know, the people who told him to put it in there. should they step down too? :lol:

No, not necessarily. The bonus issue was tied into the bill based on the idea of there being legal issues, not because of a scheme to make banking executives insanely wealthy from tax payer money. I don't think the intent was criminal on the administrations part or even unethical. I think they were trying to pass the bill and avoid court challenges based upon the government forcing banks to break pre-existing compensation contracts with employees. I don't like it, but I understand it.

Besides, there is no evidence Obama concocted this. It was staff level planning that led to the recommendation. This whole issue is not so much that the clause was there, but the dishonesty that was displayed when called out about it.
 
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I think there should be an open Congressional investigation and hearings into this to find out who in government knew what when.

Just like hauling in the Generals to testify during war, we should have these financial oversight generals in Congress and the White House, the Exeuctive Branch tell us who, what, when, where, why and how.

Dodd, Geithner and Obama can start.

It's time for some public accountability.

.

Why? The clause is in no way criminal or unethical. It's very distasteful to taxpayers who weren't getting the bonuses, but nothing more. It's the dishonest political maneuvering that took place afterwards that has me upset. Mainly Dodd's candyass ducking and dodging and that moron Frank's threat to expose bonus recipients.
 
Dodd should have been gone a decade ago.
 
I think there should be an open Congressional investigation and hearings into this to find out who in government knew what when.

Just like hauling in the Generals to testify during war, we should have these financial oversight generals in Congress and the White House, the Exeuctive Branch tell us who, what, when, where, why and how.

Dodd, Geithner and Obama can start.

It's time for some public accountability.

.

Unlike administration officials, generals, judicial appointees, or private citizens... Congress seems to have exempted themselves from these public humiliations and show trials. In the rare instance when wrong-doers are forced out... which is quite rare... they are permitted to sneak away in the dead of night as if they had never been there at all.
 
No, not necessarily. The bonus issue was tied into the bill based on the idea of there being legal issues, not because of a scheme to make banking executives insanely wealthy from tax payer money. I don't think the intent was criminal on the administrations part or even unethical. I think they were trying to pass the bill and avoid court challenges based upon the government forcing banks to break pre-existing compensation contracts with employees. I don't like it, but I understand it.

Besides, there is no evidence Obama concocted this. It was staff level planning that led to the recommendation. This whole issue is not so much that the clause was there, but the dishonesty that was displayed when called out about it.





There is no excuse for winning. come on man, you can see who the buck stops with......


:roll:








then they should have been upfront abp
 
For the sake of argument, let's assume that Dodd WAS mislead on the bonus issue......

Do his constituents really want a dumbass who can be easily misled representing them? Of course not. They want someone who has something in his head other than a pile of rocks.

So, if what Dodd is telling us is actually true, then by Dodd's own admission, he is incompetent, and should be replaced.

This is exactly what I was thinking.

The federal government is the only place were one can defend job performance by claiming stupidity.
 
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