OK... you are getting ready to read about a US Senator who has just admitted that he is a liar and did in fact lie to our nation about his part in writing into the pigulous bill the provision that make sure the AIG executives got their millions.... which is no big deal in and of itself, the millions I mean...
If the truth is ever known about this... what will be revealed is that this Christopher Dodd, Senate Banking committee Chairman, was a set up patsy for the larger purpose of what is going on. He's been used like a whore and is now being spit out by his superiors.... a sacrifice if you will...
I don't know if he's figured it out yet.
cnn
(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.
Dodd, a Democrat, told CNN's Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and "golden parachutes" at those companies.
"The administration had expressed reservations," Dodd said. "They asked for modifications. The alternative was losing the amendment entirely."
On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at bailed-out insurance giant AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.
He said Wednesday that the "grandfather clause" language "seemed like innocent modifications" at the time. Video Watch Dodd's interview with CNN's Dana Bash ยป
"I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."
Dodd said he did not speak to high-ranking administration officials and the change came after his staff spoke with staffers from Treasury.
The White House did not immediately respond to CNN's request for comment.
Later, in a town hall meeting in Costa Mesa, California, Obama addressed the AIG controversy, saying, "I'll take responsibilty. I'm the president.
"We didn't draft these contracts. But it is appropriate when you're in charge to make sure stuff doesn't happen like this," he said. "So we're going to do everything we can to fix it.".....
If the truth is ever known about this... what will be revealed is that this Christopher Dodd, Senate Banking committee Chairman, was a set up patsy for the larger purpose of what is going on. He's been used like a whore and is now being spit out by his superiors.... a sacrifice if you will...
I don't know if he's figured it out yet.
cnn
(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.
Dodd, a Democrat, told CNN's Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and "golden parachutes" at those companies.
"The administration had expressed reservations," Dodd said. "They asked for modifications. The alternative was losing the amendment entirely."
On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at bailed-out insurance giant AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.
He said Wednesday that the "grandfather clause" language "seemed like innocent modifications" at the time. Video Watch Dodd's interview with CNN's Dana Bash ยป
"I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."
Dodd said he did not speak to high-ranking administration officials and the change came after his staff spoke with staffers from Treasury.
The White House did not immediately respond to CNN's request for comment.
Later, in a town hall meeting in Costa Mesa, California, Obama addressed the AIG controversy, saying, "I'll take responsibilty. I'm the president.
"We didn't draft these contracts. But it is appropriate when you're in charge to make sure stuff doesn't happen like this," he said. "So we're going to do everything we can to fix it.".....
posted by XtnYoda at 8:45 PM
2 Comments:
Funny watching Barney Frank on his Ivory Tower today bashing Liddy ( who makes 1 dollar per yr as AIG CEO) when the pigulous bill was passed with his approval....... Smoke screen is ranting about 165 million in bonuses as the bailout totaled 800 billion, they should look in the mirror!
Smoke screen indeed!
But... where there is smoke there is fire... and they are going to get burned.
Post a Comment
<< Home