Wednesday, March 18, 2009

AIG, Senators Dodd, etal and The Democrat Culture of Corruption.

From Rich Galen, and his Mullings some interesting stuff on AIG, Senators Dodd and Corzine and Barack Hussein Obama. You may want to read the whole piece at Once again the ugly face of the Democrat Culture of Corruption....
"You know those AIG bonuses which have become such a problem for President Obama and his crew of merry men? It seems that those exact bonuses were protected by none other than the DEMOCRATIC Senator from Connecticut, Chris Dodd, during the negotiations on the $700 billion stimulus bill."

"According to Fox Business, Dodd added an executive-compensation restriction to the bill. The provision, now called "the Dodd Amendment" by the Obama Administration provides an "exception for contractually obligated bonuses agreed on before Feb. 11, 2009" -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.

"Why? Because in the 2008 election cycle guess which Senator was the biggest recipient of AIG contribution money. KEEREKT! Christopher Dodd DEMOCRAT of Connecticut ($103,000).
"Why? Because Dodd is the Chairman of the Senate Banking Committee.
Want to know who was next? Barack Obama DEMOCRAT of Illinois ($101,000).
If Dodd were a Republican do you think there would be calls for him to give the money back? Where is the Senate ethics investigation to see whether there was any connection between $103,000 in campaign contributions and the Dodd Amendment?

"Happily for Dodd he is a Democrat and is, therefore, granted immunity from media accusation.

"On the Obama ($101,332 from AIG in 2008) front, the geniuses who are in charge of figuring all this out are talking about getting the Congress to pass a law which would tax the AIG bonuses at the rate of 100 percent.

"Drat. Once again, here comes that pesky Constitution. Article I, section 9: No Bill of Attainder or Ex Post Facto Law shall be passed.

"According to a definition on the website:
In the context of the Constitution, a Bill of Attainder is meant to mean a bill that has a negative effect on a single person or group (for example, a fine or term of imprisonment).

"Passing a law which specifically names AIG executives to be taxed at 100 percent on a portion of their income would, it seems to me (who spent seven-and-a-half-years as an undergraduate student at Marietta College, Marietta, Ohio 45750) to qualify as a prohibited Bill of Attainder.

"Oh, and about Sen. Dodd? His take from AIG over the past five years has been about $223,000 and that's on top of the $316,000 he's taken from Citigroup AND $218,000 from … the Royal Bank of Scotland. More than three quarters of a million dollars from just three bankrupt financial firms."


Anonymous said...

As I write this, Fox's Shepard Smith is berating the sitting Congress, Chris Dodd, Barney Frank, et al, for their unbelievable hypocrisy regarding the AIG bonus situation. Hopefully all of Fox' commentators, along with what is left of the responsible media, will pick up on this and focus on the unbelievaby irresponsible Demo-crat individuals who are attempting to use the current crisis to focus attention elswewhere, and continue to under-mine the entire financial system of this nation for their own nefarious purposes! It is in fact Senator Dodd and Congressman Frank who should be being grilled!

Anonymous said...

How many stories have Chris Dodd now provided attempting to explain the "real" story of how the AIG bonus wording was inserted into the stimulus bill? Yes, he knew! No, he didn't! Yes, he did! Will Senator Dodd be the eventual fall guy for the Obama's "Chicago" gang and Nancy P. in this latest Tragey??? Perhaps he couldn't be a more deserving recipient!