Showing posts with label Ali Velshi. Show all posts
Showing posts with label Ali Velshi. Show all posts

Thursday, March 19, 2009

Geithner Requested AIG Bonus Loophole

According to CNN's Ali Velshi, Treasury Secretary Timothy Geithner was responsible for adding the AIG bonus loophole.

...Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses.
If this is true, then Geithner should resign. Yes, we'll hear about it for the next week how yet another one of Obama's appointments was a screw up, but this one was over the top, especially in light of the fact that everyone was trying to throw Senator Chris Dodd under the bus for approving something administration officials at the Treasury Department requested. That's the Bush way of doing things (ie. George "Slam Dunk Medal of Freedom" Tenet) and it shouldn't be tolerated if we're to have any faith in what President Obama has to say in the future.

 
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