Obama Received a $101,332 Bonus from AIG

[Bindare_Dundat]

http://www.examiner.com/x-268-Right-...Bonus-from-AIG

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.

The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.

The Washington Post reports a "mob effect" at A.I.G financial products division:
A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.

With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.

Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?

[Decker]

Why post this?

If you don't like the effect of legal campaign financing laws in this country, state why?

To call a campaign contribution a bonus is misleading and incorrect.

[Bindare_Dundat]

Why post this?

If you don't like the effect of legal campaign financing laws in this country, state why?

 


Nice to see ya again by the way. 

[Soul Crusher]

Why post this?

If you don't like the effect of legal campaign financing laws in this country, state why?

To call a campaign contribution a bonus is misleading and incorrect.

Obama is being proven to be the phony liar we said he was.  He is a masterful fraud. 

Why did he authorize the additional AIG money without putting this language in?

Why did Dodd SPECIFICALLY write in the allowance of the bonus money??


Give me a break.  These two scumbags are as dirty as the AIG folks. 

[Hedgehog]

Why post this?

If you don't like the effect of legal campaign financing laws in this country, state why?

To call a campaign contribution a bonus is misleading and incorrect.

it's a direct lie.

I think it's important to have in mind the campaign support Obama received and to investigate whether he's been giving AIG any undue breaks because of it.

But it's a straight out lie to call it a bonus.  

[Bindare_Dundat]

I think it's important to have in mind the campaign support Obama received and to investigate whether he's been giving AIG any undue breaks because of it.

But it's a straight out lie to call it a bonus.  

I think it's pretty obvious.

Alie to call it a bonus? You guys are too kind. 

[Bindare_Dundat]

Why did Dodd SPECIFICALLY write in the allowance of the bonus money??


 

Dodd said he never did that. Don't you beleive him?

[Soul Crusher]

it's a direct lie.

I think it's important to have in mind the campaign support Obama received and to investigate whether he's been giving AIG any undue breaks because of it.

But it's a straight out lie to call it a bonus.  

Its more like payoff, bribe, protection money, endless bailout promises.

This is a complete joke, Obama is funneling billions and billions of dollars to this company without explanation and he is going to complain abouty 165 million?

Dont you see the shell game they are playing???

Focus on the 165 million they know will get people pissed off, but ignore the HUNDREDS OF BILLIONS that have gone out to other foreign banks with no oversight.

Anyone who falls for this Obama scam is truly a blind fool.

[Soul Crusher]

Dodd said he never did that. Don't you beleive him?

Of course not.  He is a liar too in CYA mode.

[Bindare_Dundat]

Its more like payoff, bribe, protection money, endless bailout promises.

This is a complete joke, Obama is funneling billions and billions of dollars to this company without explanation and he is going to complain abouty 165 million?

Dont you see the shell game they are playing???

Focus on the 165 million they know will get people pissed off, but ignore the HUNDREDS OF BILLIONS that have gone out to other foreign banks with no oversight.

Anyone who falls for this Obama scam is truly a blind fool.

The public is so retarded they probably think millions is more than billions.

[Decker]

Obama is being proven to be the phony liar we said he was.  He is a masterful fraud. 

Why did he authorize the additional AIG money without putting this language in?

Why did Dodd SPECIFICALLY write in the allowance of the bonus money??


Give me a break.  These two scumbags are as dirty as the AIG folks. 

You're mischaracterizing what's happening here.

Congress cannot void private contracts.

The language you point to acknowledges that fact.

Obama was counting on the AIG execs to give up the bonuses in light of the bail out.  They didn't.  Now the Congress is taxing those bonuses steeply.

[Decker]

Nice to see ya again by the way. 

thanks, it's good to be back.  Since I started lifting again about a month ago, I feel I can post here again.

[Hedgehog]

I think it's pretty obvious.

Alie to call it a bonus? You guys are too kind. 

[Soul Crusher]

The public is so retarded they probably think millions is more than billions.

Anyone with half a brain can see the Obama deception and lie going on with this.  Obama/Geithner play good cop and AIG plays bad cop.

Behind the curtain both are getting what they want out of this.

Only the Obama cultists cant or refuse to see what is going on here.  

[Soul Crusher]

You're mischaracterizing what's happening here.

Congress cannot void private contracts.

The language you point to acknowledges that fact.

Obama was counting on the AIG execs to give up the bonuses in light of the bail out.  They didn't.  Now the Congress is taxing those bonuses steeply.

Does he not read WTF he signs???

The language was in the bill specifically protecting these bonuses.

Either we are dealing with gross negligence on the part of Obama, or worse.   

[Decker]

Does he not read WTF he signs???

The language was in the bill specifically protecting these bonuses.

Either we are dealing with gross negligence on the part of Obama, or worse.   

Gov. has no power to void private contracts.  (with some exceptions).

The bonuses are a contractual obligation btn AIG and its employees.

The government cannot void that contract.

Only the contracting parties can agree to forgo the bonus provision.

Big government cannot force them.

It's not gross negligence or criminality, it's simple contract law.

[Hedgehog]

You guys are too kind. 

don't get me wrong.
I have several issues with how AIG has been handled.
Those clauses in the bill looks a bit peculiar when you have this campaign funding looming in the background.
It may not be related, and there may be a good explanation. But lots of questions are still unanswered.
My issue is that you're being factually wrong -  it wasn't a bonus.

[Soul Crusher]

Gov. has no power to void private contracts.  (with some exceptions).

The bonuses are a contractual obligation btn AIG and its employees.

The government cannot void that contract.

Only the contracting parties can agree to forgo the bonus provision.

Big government cannot force them.

It's not gross negligence or criminality, it's simple contract law.

Im talking about Obama screaming that he did not know about this and the corrupt congress trying to tax these people any different than anyone else.

If they never gave these reckless bailouts in the first place, we would not be here.  Who engineered the AIG bailout???

Geithner!. 

[Decker]

Im talking about Obama screaming that he did not know about this and the corrupt congress trying to tax these people any different than anyone else.

If they never gave these reckless bailouts in the first place, we would not be here.  Who engineered the AIG bailout???

Geithner!. 

Obama is chastising both AIG and the executives getting the bonus compensation.  They should have given up the bonuses.  Gov. can't make them give up the bonuses.

That's all he can do under the law.

Every word I've read from the man's mouth is consistent with this proper understanding of contract law. 

While AIG reserved the right to pay those bonuses, they shouldn't have in light of the bail out.  That's been Obama's stance from the beginning.

When Obama learned that the bonuses were indeed paid, why it was an outrage. 

I see nothing improper on Obama's part.

Believe me, there are other things that deserve attention.  This ain't one of them.

[LurkerNoMore]

Still waiting for evidence of the "bonus".

And whining and gnashing of teeth is not evidence.

[The Coach]

http://www.examiner.com/x-268-Right-...Bonus-from-AIG

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.

The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.

The Washington Post reports a "mob effect" at A.I.G financial products division:
A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.

With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.

Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?

Lets see if he and Dodd will give it back.

[Soul Crusher]

Obama is chastising both AIG and the executives getting the bonus compensation.  They should have given up the bonuses.  Gov. can't make them give up the bonuses.

That's all he can do under the law.

Every word I've read from the man's mouth is consistent with this proper understanding of contract law. 

While AIG reserved the right to pay those bonuses, they shouldn't have in light of the bail out.  That's been Obama's stance from the beginning.

When Obama learned that the bonuses were indeed paid, why it was an outrage. 

I see nothing improper on Obama's part.

Believe me, there are other things that deserve attention.  This ain't one of them.

Fine, why doesnt Obama return the 100k he got from them?

[Soul Crusher]

Still waiting for evidence of the "bonus".

And whining and gnashing of teeth is not evidence.

Keep defending this corrupt liar.  There are fewer and fewer of you left. 

[Decker]

Fine, why doesnt Obama return the 100k he got from them?

Why should he?

Should we set that precedent?

Did the Bush administration return the Enron donations? 

McCain got 60,000 from AIG.  He hasn't returned it.

The campaign contributions weren't illegal.  They were made prior to any information coming out re the collapse of AIG.

Should they return the money to AIG?  No.  Should they donate it to the US Treasury?  I could go for that.

[Soul Crusher]

Why should he?

Should we set that precedent?

Did the Bush administration return the Enron donations? 

McCain got 60,000 from AIG.  He hasn't returned it.

The campaign contributions weren't illegal.  They were made prior to any information coming out re the collapse of AIG.

Should they return the money to AIG?  No.  Should they donate it to the US Treasury?  I could go for that.

You guys are amazing.  Obama/Geithner has morphed 100% into Bush/Paulson only after a few weeks and you still come on here acting like Obama is for change. 

What a joke.

Dodd and Obama got TOP money from Fanny/Freddy and AIG as protection money.

Its working like a charm.