Punked: Stimulus Bill Guaranteed AIG bonus payments

This is discussion of a separate issue regarding his attempt to categorize them as a fraudulent and use that to abrogate the contract - this has nothing to do with Section 111 of TARP, which does not cover these bonuses

Much like yesterday, when you confused these bonuses to the AIGFP unit with TARP payments to the top level entity - you don't understand this issue.

 

Uh really? Where does it say anywhere on the internet that Section 111 of TARP "guarantees" the payment of bonuses, other than your incorrect thread title and the FREEPER forums and the right wing stupidosphere?


When did Obama, Geithner, Dodd, Frank, CNN, ABC, NYTimes, WaPo state that the bonuses to AIGFP employees had to be paid, due to the "guarantee" contained by TARP, SEction 111(b)(3)(D)(iii)? Please provide a link.

For the last time: TARP Section 111 initially only applies to the top 5 execs, plus possibly the top 20 after that, depening on the institutions and Second, the clause that you are talking about doesn't guarantee pre-existing bonuses, it only exempts them from the automatic holdback provsions of 111(b)(3)(D)(i). I have the freaking statute right in front of me.

That's right, because if not for TARP (and the non-TARP portion which is the vast majority of the AIG bailout, which occurred prior to the EESA's passage), AIGFP employees who bankrupted the company would not get any bonuses - that doesn't mean TARP section 111 is applicable to them.

 

Or its just the fact that no matter how hard basso tries, he can never ever make this administration look near as inept as the last one. Here lets reflect.

1. WMD's
2. Preemptive war plan in place when administration took office
3. Yellowcake from Niger
4. No Bid Halliburton Contracts (Remind us all who has strong ties to that company?)
5. Patriot Act used way out of context.
6. Illegal wire taps
7. "Your doing a heck of a job Brownie" Fema
8. Torture and Abu Ghirab
9. Katrina
10. Mission Accomplished


Theres a few for ya

 

Fortunately most people disagree with you. His moves to phase out troops in Iraq, shut down Gitmo, end the policy of torture, etc. have all been incredibly popular.

Too bad you don't like it.

 

Although those might be nice changes, to many of us they are way down the list of importance.

 

Got to start somewhere.....

DD

 

You forgot the VP had his team of contract killers running around America and the rest of the globe assassinating people as well.

 

Attack the point at hand, or make a driveby one liner to deflect. Yep, right up a republicans alley. FAIL

As I recall several of those on that list have been called a mistake by W's administration at some point.

 

As opposed to all the left wing blogs which are always accurate?

So we are supposed to believe they knew nothing about these bonuses and are now "shocked" that they are paying them out? Admittedly its a pretty tacky thing to do by AIG but I find it hard to believe the democrats knew nothing about this.

This is typical political grand standing to attempt to show they are "taking action" on an issue when they could have prevented it to begin with had they taken more time to craft the bill instead of steam rolling it through.

 

If you have accurate information which shows a source to be accurate please feel free to show that evidence.

I'm not sure where you will get your information from, though, since you have a quote attributed to Churchill which is not from him. You've been wrong about much of the other posts and information you've provided.

 

They are great changes which help restore the principles our nation has embraced and help to make us the strong, respected country that we are.

Also just because those changes are occurring doesn't mean nothing else is being done.

 

I have a hard, hard time believing Geithner did not know about this for a while.

 

Why cant SamFisher and Basso get along? I swear...you guys need to go out for a beer and settle your differences! So much monkey poo being flung at eachother.....how bout it....all of us meet up at Buffalo Wild Wings Midtown tonight for the Rockets game and bury the hatchet. Watch the Rockets kick some ass and not worry about the stimulus package (even though it does suck)

You guys have a good day!

 

The difference is you rarely see anything from DailyKos or the like posted here. You do see things from HuffPo or TPM - but of course, those websites have actual professional reporters. While they have a bias, they actually have factual foundations in their reporting.

The big difference here is that when something from the left is posted, the right whines about "why are you posting things from HuffPo!" When something from the right is posted, they are dismantled using facts and then it's pointed out what the weakness is when you get your news from right-wing blog sources that are factually incorrect. If a HuffPo or TPM piece is factually incorrect, feel free to demonstrate that. Until you do that, there's a huge difference between the posts from the left sources and the right sources.

 

Everything about it indicates it was revealed last week. Are you saying that Liddy's 3-14 letter, which discussed the initial revelation to him last week - was an orchestrated cover up?

 

that and if you post something from a respectable newspaper supporting a democratic issue, they will call that legitimate newspaper liberal bias

 

Actually when right wing stuff is posted I normally only see a bunch of Basso and Bigtexx bashing and not much discussion about the article at all.

 

You really think they found out after the contractual deadline passed? They had no idea about this when they struck the deal for the bailout?

Regardless, why the administration and government is not acting like the majority shareholder in this situation is mind boggling. Why are they standing around and throwing stones, when they should be telling them "Look, we own 80% of this company so this is how it will be done..."