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Obama's problem doesn't seem to be loyalty....look at all the roadkill from all the people he has thrown under the bus.
Obama's issue seems to be really poor judgment from the start. Selecting people not up to the job. Maybe that is because Obama isn't up to the job?
Exactly so!
Dodd may join the push to oust Geithner, especially since Geithner pinned a target to Dodd's back regarding the AIG bonus exemption fiasco.
"There is a major push underway -- engineered by Obama's Treasury officials, enabled by a mindless media, and amplified by the right-wing press -- to blame Chris Dodd for the AIG bonus payments. But it was Tim Geithner and Larry Summers who openly criticized Dodd's proposal at the time and insisted that those limitations should apply only to future compensation contracts, not ones that already existed. The exemption for already existing compensation agreements -- the exact provision that is now protecting the AIG bonus payments -- was inserted at the White House's insistence and over Dodd's objections. ...Dodd was the one fighting against the White House in order to apply the prohibition to all bonus payments, i.e., to make the compensation limits retroactive as well as prospective. ...It was Obama officials, not Dodd, who demanded that already-vested bonus payments be exempted." The dishonest "Blame Dodd" scheme from Treasury officials - Glenn Greenwald - Salon.com
Larry Summers is next. You mise well just keep Geithner.
Quote:
The administration is concerned the rules will prompt a wave of banks to return the government's money and forgo future assistance, undermining the aid program's effectiveness. Both Treasury Secretary Timothy Geithner and Lawrence Summers, who heads the National Economic Council, had called Sen. Dodd and asked him to reconsider, these people said.
Kootr, you just plain silly... We know all too well on how FAUX NEWS Spins the facts.
FYI - FOX Business went to court and requested under the Freedom of Information Act data on the AIG and Citi bailouts. Along with a separate suit seeking basic information on banks receiving bailout funds from the Federal Reserve Board of Governors.
FOX was given those documents today. It will become apparent soon that Barrack Obama, Tim Geithner, Chris Dodd and a slew of Congress new full-well months ago that AIG would be paying those bonuses.
They can point fingers all they want and raise a stink for showmanship, but it is the Obama administration that is to blame for this problem.
Just wait - you'll hear about it. You may learn something!
Dodd may join the push to oust Geithner, especially since Geithner pinned a target to Dodd's back regarding the AIG bonus exemption fiasco.
"There is a major push underway -- engineered by Obama's Treasury officials, enabled by a mindless media, and amplified by the right-wing press -- to blame Chris Dodd for the AIG bonus payments. But it was Tim Geithner and Larry Summers who openly criticized Dodd's proposal at the time and insisted that those limitations should apply only to future compensation contracts, not ones that already existed. The exemption for already existing compensation agreements -- the exact provision that is now protecting the AIG bonus payments -- was inserted at the White House's insistence and over Dodd's objections. ...Dodd was the one fighting against the White House in order to apply the prohibition to all bonus payments, i.e., to make the compensation limits retroactive as well as prospective. ...It was Obama officials, not Dodd, who demanded that already-vested bonus payments be exempted." The dishonest "Blame Dodd" scheme from Treasury officials - Glenn Greenwald - Salon.com
Gibbs needs to go, too.
Amazing. Obama's administration and party now turning on their own people.
Interesting article in the Jan 27, 2009 Bloomberg. Talks about the bonuses that AIG will dole out to key employees for retention.
Yup, Jan 27. And Geithner, Obama, et al just found out this week??
Ship of fools.
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We know all too well on how FAUX NEWS Spins the facts.
