Lies: Fox News, Limbaugh and other right-wing attack dogs said Dodd inserted an amendment that undo bonus limit. Other right-wing hacks said Dodd created a "loophole."

Fox News:

Truth: Dodd did not create said loophole. His original restriction is very straight forward and contains no loophole. Read the WSJ excerpt below.


From the WSJ on Feb 14, 2009.
What we know so far: Dodd tried to put a cap on bonuses. The restriction was eventually removed with Dodd's knowledge. A less stringent restriction was inserted into the bill instead.

What we don't know: who wanted to remove the restriction and why Dodd agreed with the move.

Now, one can say that Dodd gave up too easily. But to say that he purposely put in a loophole is simply a lie.

I'm not defending Dodd, but there is simply not enough info at this point to know what really happened.

For more info:
http://mediamatters.org/items/200903170026

__________________
Faith in a holy cause is a substitute for the lost faith in ourselves. The less justified a man is in claiming excellence for his own self, the more ready is he to claim all excellence for his nation, his religion, his race or his holy cause.

-- Eric Hoffer.

Why are you even bothering to defend the scum that is Chris Dodd?

A Pardon For A Friend, A Good Deal For Dodd -- Courant.com

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"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
- Milton Friedman

"The quickest way of ending a war is to lose it."
- George Orwell

I agree. I was miffed at Dodd the last couple days, but now it seems more clear that he was trying to balance restrictions with that of controlling business. That seems why they set that date of Feb.11 as a compromise.

Yes, it does seem like the Feb 11 is some sort of compromise. What we don't know is a compromise between whom? Is Dodd in on it or not? And if yes who did he compromised with?

__________________
Faith in a holy cause is a substitute for the lost faith in ourselves. The less justified a man is in claiming excellence for his own self, the more ready is he to claim all excellence for his nation, his religion, his race or his holy cause.

-- Eric Hoffer.

uhm what????????? lets cut the crap shall we?


Hot Air Blog Archive Video: Congress, Geithner knew about bonuses on March 3rd

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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

Bis interimitur qui suis armis perit...

they cant, its a reflex

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Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

At first he claimed no knowledge of it,
Then he said he had just found out about it.
Then he said he knew about it, many days ago.
Then finally he said he was directed to put it in at a last minute meeting.

http://www.cnn.com/2009/POLITICS/03/...ess/index.html

White House Foists Bonus Blame on Dodd - Politics news | Newser

I heard an audio clip of Dodd himself admitting that he put it into the bill as directed by "The Administration"

First response--Criss Dodd originally DENIED knowing anything about the retention bonuses regarding AIG executives (that were in the 787 billion stimulus bill).

Second response--was that he took them all out & somehow they magically reappeared.

Third response--That he was pressured by Secretary Geithner to put them back in.

These 3 different responses over about a week's time.

I don't believe any credible person--after watching these videos' with the above comments coming directly from Criss Dodd who lied all along about the AIG bonuse's, can possibly defend him.

This thread sickens me.

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"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
- Milton Friedman

"The quickest way of ending a war is to lose it."
- George Orwell

I am sick too--that someone with very little knowledge of exactly what happened is actually trying to defend Criss Dodd.

I am sickened that our congress lead by Barney Franks--was grilling the new CEO of AIG over these bonuse's--when he too--knew full well that they were included in the bill that they rushed through the senate--& NONE of these morons ever even read the 787 BILLION dollar bill that they imposed on the tax-payers of this country. I was sickened by the "dog & pony" show.

I am sickened that our politicians would rather drag in the new CEO of AIG that just volunteered to fix AIG without any pay--& made him look like the scapgoat--when they will NEVER investigate themselves for their mis-management of Fannie/Freddie which is GROUND ZERO for this economic collapse--