(CNN) -- Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.
Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.
Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.
I blame Bush.
Digging a little deeper, we find that:
AIG's derivatives branch is in Dodd's home state. Many of the bonuses in question were awarded to executives at that branch. But in the written statement, Dodd said he had no idea the legislation would impact the company.There's a shock, eh? Curse you, Bushhitler, for protecting your big business cronies!
My favorite, though, was this headline:
Obama on AIG bonuses: 'I'll take responsibility'
The very first thing he says, though, is:
"We didn't draft these contracts. We've got a lot on our plate. But it is appropriate when you're in charge to make sure stuff doesn't happen like this,"Here's a tip, Barry:
First rule of leadership: everything is your fault-A Bug's Life
-Hopper
That is all.
2 comments:
Heh- I STILL say investigations should start with Fwank and Dodds and work it's way through the Banking Committees... After they are put in jail, go after the rest of the culprits!
Sounds good to me.
Saw Barry on The Tonight shot last night. When he wasn't insulting Special Olympians, he was *STILL* pushing the tired line about being appalled at AIG getting bonuses.
And yet, still, no challenges along the lines of "But President Obama, Chris Dodd himself admitted to leaving language in the stimulus allowing them to keep their bonuses. Shouldn't they be at fault as well?"
I suspect we'll hear questions like that to Barry about, oh, NEVER.
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