17 March 2009

I Don't Know What To Call This

This is the same Dodd who got a sweetheart mortgage deal. I guess he's just trying to keep up with public opinion now.

Hey Dudd, its called a contractual agreement, you dipstick. It means you're supposed to keep your word. Something you're not very adept at.

Folks, a word of advice; ignore the financial crap being thrown around. It's a diversion. A Red Herring. Something to throw us off the trail, so we won't discover the real mission of these effing socialists.

From NewsMax:

Democratic Sen. Christopher Dodd on Monday criticized the bonuses given to executives of American International Group Inc. and suggested that the government could tax the recipients to recoup some or all of the payouts. But it was Dodd who inserted language in the $787 billion stimulus bill that exempts the bonuses from taxation.
AIG lost $61.7 billion in the fourth quarter of 2008, the biggest quarterly loss in corporate history, and has received $173 billion in federal aid. But the company is paying $450 million in bonuses to employees of its financial products unit.
Dodd, chairman of the Senate Banking Committee, thundered on Monday: “This is another outrageous example of executives — including those whose decisions were responsible for the problems that caused AIG’s collapse — enriching themselves at the expense of taxpayers.”
While the Senate was constructing the stimulus package last month, however, Dodd added an executive-compensation restriction to the bill, which 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, Fox News observed.

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