Currently viewing the tag: "AIG"

YaY AIG Outrage!

On March 24, 2009 By

NEW YORK (Reuters) – In an ironic twist, public anger about massive bonuses at bailed-out insurer American International Group may have helped big investors land a sweeter deal in the U.S. government’s latest financial rescue plan.

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Did I get this right? Did the all seeing, all hearing, MahaRushie just call the tea party whackjobs lynch mobs? Surely not:

“A lynch mob is expanding: the peasants with their pitchforks surrounding the corporate headquarters of AIG, demanding heads. Death threats are pouring in. All of this being ginned up by the Obama administration.” Limbaugh later claimed, “This $500,000 limit on executive pay — let me tell you why it won’t work. New York City will die. New York City needs a whole bunch of people being paid a whole lot of money, so they can tax their butts […]

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Early Take on AIG Hearing

On March 18, 2009 By

So the Republican talking point is that AIG never should have been given any money and the stimulus should have never been passed.

The Democratic talking point is that AIG executives should not be so greedy.

Rinse. Repeat.

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Paulson. Bush. Remember Them?

On March 18, 2009 By

Apparently nobody does. Funny how, in light of the bonus outrage, nobody calls it “The Paulson Plan” anymore. Hard to make political hay out of something if you have to bash your own side in order to get to your opponent I guess.

Some remember:

I’m still totally amazed at the excessive bonus outrage on the right. Welcome to the party boys! Your party has been allowing us to get ripped off for years. Now you want accountability? That’s funny, right there.

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Who Killed the Wyden/Snowe Bill?

On March 18, 2009 By

I sure wouldn’t want to be on the other end of the outrage when it’s discovered who killed this stimulus provision:

…a provision that would have forced bailout recipients to cap their bonuses at $100,000. Any amount paid above that would have been taxed at 35 percent. The language made it through the Senate, but during conference committee with the House, it was inexplicably removed.

I do have to quickly note that I’m really happy that my opponents on the right are finally getting on board and criticizing corporate excesses! I thought you’d never come running guys. LOL. Outrage! […]

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I’m not sure I’d take my AIG criticisms this far:

In an interview with Cedar Rapids, Iowa, radio station WMT-AM today, Sen. Chuck Grassley, R-Iowa, ranking Republican on the Senate Finance Committee, said executives of AIG should consider following what he described of the Japanese model of shamed corporate executives: apology or suicide.

[PS – You’re not tricky ABC. If I want to copy text from your site I can also view the source to do so. -1]

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