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Originally Posted by Dukester
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As much as I hate to say this, Rush seems to be speaking some truth for once. Look at this:
"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
Seems Obama bears much of the blame, and is now trying to rile the anger of citizens at a corporation. The anger should be directed in equal measure at AIG, Obama (and his admin), Congress and Senate.