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Originally Posted by RIJIMMY
Its been PROVEN that Geithner asked for the bonus language in the stimulus, proven that Dodd made the changes. Yet, Frank doesnt yell at them! Its EVIL AIG.
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I think your anger is (as usual) misplaced.
Dodd authored
restrictions on bonus pay, and Treasury requested an exemption to give the bill broader partisan appeal. Aside from the poor communication and PR flap that ensued, the Government didn't really do anything that terrible, but it was AIG who thought the same executives who helped caused the corporation to collapse still deserved their retention pay at taxpayer expense.
So who's more evil here? The government who was trying to do the right thing, but just screwed it up a bit...or the corporation who new what they were doing was ethically wrong, but just didn't really care?
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These guys have made bad decisons in the past, and now they are making them at lightening speed. Is this the change you wanted? Can you honeslty say you are proud of Frank, Geithner and Obama? Like chickens with their heads cut off.
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I wouldn't go that far. The challenges they're presently dealing with have few precidents to follow. For all your bitching and moaning about what idiots they are, economists seem to think the market is bottoming and the banking sector is becoming more stable.
You do the math.
-spence