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Current Events => Breaking News => Topic started by: bijou on March 19, 2009, 05:32:39 PM

Title: Geithner says he should have known about bonus problems sooner
Post by: bijou on March 19, 2009, 05:32:39 PM
(http://i2.cdn.turner.com/cnn/2009/POLITICS/03/19/aig.bonuses.congress/art.geithner.gi.jpg)

Treasury Secretary Timothy Geithner confirmed Thursday that the department did talk to Sen. Chris Dodd about a clause he put forth in the stimulus legislation that would have strictly limited executive bonuses.

 A loophole in the bill allowed bailed-out insurance giant American International Group to keep its bonuses. ...

http://edition.cnn.com/2009/POLITICS/03/19/aig.bonuses.congress/
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: RightCoast on March 19, 2009, 05:35:15 PM
It was not a loophole, it was put in to do just what it did.

Title: Re: Geithner says he should have known about bonus problems sooner
Post by: thundley4 on March 19, 2009, 05:50:31 PM
And according to Dodd it was put in at the insistence of the treasury department.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Peter3_1 on March 19, 2009, 05:51:03 PM
It is a sign that the National Nervous breakdown is NOT over. SIX BILLION was little porky stuff we didn't  care about according to Chuck Schumer, but thse saleries ARE earth shattering? What kind of fool have many become?
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Chris on March 19, 2009, 06:00:39 PM
Quote
Geithner says he should have known about bonus problems sooner 

We're talking about a guy that can't figure out how to use TurboTax without screwing up.  :whatever:
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: BlueStateSaint on March 19, 2009, 07:21:42 PM
We're talking about a guy that can't figure out how to use TurboTax without screwing up.  :whatever:

And, when asked about the credit meltdown, replies with a canned lame answer about "global warming."
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: NHSparky on March 19, 2009, 07:24:17 PM
Those whom the gods would destroy, they first make proud.  And in just under 2 months, they've tanked worse than any administration in recent history.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Carl on March 19, 2009, 07:59:59 PM
Prediction....

It is only a matter of time before they try to blame "career" employees (Bush holdovers) for pushing Dodd into writing the loophole in.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: TheSarge on March 20, 2009, 06:50:33 AM
Prediction....

It is only a matter of time before they try to blame "career" employees (Bush holdovers) for pushing Dodd into writing the loophole in.

Which will fly until it's revealed that the vast majority of the "holdover" employees are from the Carter and Clinton era.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Tess Anderson on March 20, 2009, 08:12:58 AM
I'm wondering if Geithner will last through the weekend. Fall time.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Bluesuiter-Retired on March 20, 2009, 10:10:44 AM
I "do not" want Geithner to resign or get fired.

I want him to keep doing what he is doing, phucking up the economy, because it will lead to the voters reversing during the 2010 elections, which will be the majority party.

2012 will see obama being escorted out of the white house because he is far more incompetent than many dems and libs are willing to admit.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Peter3_1 on March 20, 2009, 01:43:45 PM
Not to worry, The Obama Admin. "economic" plans are designed to fail. It is designed so that it CANNOT BE SUCCESSFUL. Indeed, the two things that would restore some minimum confidence, and REDUCE by BILLIONS the money needed in the banking mess remain not done, and neither has been done, these are addressing mark to market and the uptick rule. 
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Wineslob on March 20, 2009, 02:06:15 PM
And according to Dodd it was put in at the insistence of the treasury department.


Dodd is full of shit. The Bill was written to exclude bonuses.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Peter3_1 on March 20, 2009, 03:45:48 PM
But Dodd's amendment Protects "Bonuses" endered into prior to March 09!
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Jim on March 20, 2009, 08:06:38 PM
He was told in a Congressional appearance on 3/3/9 and denied any knowledge.  Caught on C-SPAN.

He lies worse than his boss.
Title: Re: Geithner says he should have known about bonus problems sooner
Post by: Peter3_1 on March 21, 2009, 12:37:31 PM
A polititian lying to your face! I'm shocked and amazed! :evillaugh: