Obama received $101,332 Bonus from AIG

[cstfx]

A reporter just asked him at the press conference about that contribution and Obama just blew him off. Didn't even acknowledge it.

 

[power]

Quote from Landis82:

Fed Chairman Ben Bernanke authorized the bail-out of AIG last September, using a rarely used law on the books from the Federal Reserve Act of 1932, Section 13(3) which provides that "in unusual and exigent circumstances" the (Fed) may authorize any federal reserve bank to discount notes without limit.

The money loaned to AIG ( at 3-month LIBOR +8.5% ) was not done so by Congress.
Not by Bush. Not by Obama.

Obama's Stimulus Bill Explicitly Grants AIG the Legal Right to Give Unlimited Bonuses

“(iii) The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary."

Democrat Sen. Chris Dodd, it turns out, was for protecting AIG’s bonuses before he was against them. During the Senate porkulus negotiations last month, Dodd successfully inserted a tiny amendment that provided for an “’exception for contractually obligated bonuses agreed on before Feb. 11, 2009,’ which exempts the very AIG bonuses Dodd and others are seeking to tax.”

http://porkulus.butasforme.com/?p=110#bonus

 

[NeoRio1]

Look at that. Landis officially ran away from the argument.

This is a great example of a distorted Obama supporter.

 

[power]

Americans following Barack Obama.

 

[power]

AIG total contributions: $4,362,625 (from 1989-2008)

Dodd, Chris (D-Conn) $280,238

Bush, George W (R-Texas) $200,560

Schumer, Charles E (D-NY) $111,875

Obama, Barack (D-Ill) $107,332

McCain, John (R-Ariz) $99,249

Baucus, Max (D-Mont) $90,000

Kerry, John (D-Mass) $85,000

Johnson, Nancy L (R-Conn) $75,400

Sununu, John E (R-NH) $69,049

Clinton, Hillary (D-NY) $59,515

Lieberman, Joe (I-Conn) $57,900

Rangel, Charles B (D-NY) $53,582

Giuliani, Rudolph W (R-NY) $50,250

Continued....

http://www.opensecrets.org/orgs/rec...&cycle=A&state=&party=&chamber=&sort=A&page=1

 

[stock_trad3r]

Quote from power:

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:

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?

http://www.examiner.com/x-268-Right...9m3d17-Obama-Received-a-101332-Bonus-from-AIG

he made 5 million from two books that rewrote his history. This is chicken shit

 

[Landis82]

Quote from power:

Obama's Stimulus Bill Explicitly Grants AIG the Legal Right to Give Unlimited Bonuses

“(iii) The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary."

You are totally right.

This clearly wasn't a bipartisan endeavor. Treasury Secretary Paulson and the Bush Administration didn't have any say in this. TARP-1 wasn't their proposal. No blame on Congress either. The FED had nothing to do with AIG whatsoever. Zero. It's all a BLACK President's fault.

 

[Cesko]

Zero. It's all a BLACK President's fault.

He is mullato not black. He calls himself black because it suits him well.
Democratic party successfully switched from KKK tradition to destroying blacks by other means.

P.S.Just a side note, irrelevant to this thread.

 

[Thunderdog]

Quote from Cesko:

...P.S.Just a side note, irrelevant to this thread.

An accurate self-assessment.

 

[AMT4SWA]

Obama....past.....present.......and future!

http://www.youtube.com/watch?v=eAaQNACwaLw


Another globalist "selected" minion in a string of american presidents directed by their handlers to form the "Continuity of Administrations" Americans like fools again CONNED by the left/right two party paradigm, as the executive branch rolls out further globalist influenced ENDGAME actions. While the masses fight over the "left-right-who is right?" scripted GAME, the US slides further into globalist enslavement.....massive debt, crumbling financial grid, and further "compromised" congressional politicians. The insanity of our countries current realities seems to have entrenched so many in their LOSING POSITIONS!

It is time to take a very honest look at what has happened to this once great country, and to FORCE our government into a new honorable direction!