So why did you vote for the AIG payoffs, Rep Kanjorski (D, IN-11)? [Actually, PA-11]

Outrage is free.

Wednesday, March 18th at 2:00PM EST

7 Comments

[UPDATE] Yeah, let me fix this.
[UPDATE the second.] Not much to fix at all, really. Just a state and a readjustment of how much money he took off of PMA. Whew!

You’re ever-so-angry about this, to be sure:

…but you voted for the debt bill that your fellow-Democrat Senator Dodd loaded down with a loophole permitting these payments. If you’re so concerned, why didn’t you actually do something about it at the time? After all, you voted against the first stimulus bill, which I believe didn’t have this provision in it; so wouldn’t it be more accurate to say that the version of the debt bill that did have AIG exemptions was more attractive to you?

And, while we’re on the subject… there was a vote today to “a plan to recoup or stay the payment of AIG bonuses.”

You voted to block that plan – so why should we care about your outrage? It’s clearly not backed up by the will to do anything about it.

Moe Lane

~~PS: You took a 100 grand from PMA. Not really strictly relevant to this particular conversation, but I don’t want you thinking that we’ve forgotten.~~ [There's one oops: that was Visclosky. Kanjorski only took 37.5 grand. Silly me.]

Crossposted to Moe Lane.

7 Comments Leave a comment

This is the kind of information

RJD (Diary) Wednesday, March 18th at 2:04PM EST (link)

that must be broadcast. Expose the lies, those telling them, the hypocrites, et al.

Moe

djemi (Diary) Wednesday, March 18th at 2:10PM EST (link)

Its all relevant, and thanks for pointing it out.

“If I can’t shoot rabbits,then I can’t shoot fascist”
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Moes Strategy

PA and not IN

youthgrunt (Diary) Wednesday, March 18th at 2:13PM EST (link)

The Rep is from Pennsylvania and not Indiana.

Good catch, youthgrunt!

Moe Lane (Diary) Wednesday, March 18th at 2:30PM EST (link)

Thanks for the help.

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Freddie Mac and Fannie Mae executives getting bonuses too

Finrod (Diary) Wednesday, March 18th at 3:20PM EST (link)

Hat tip to an online friend of mine (hi storm!) who pointed me at the following story:

WASHINGTON (AP) — Fannie Mae plans to pay retention bonuses of as much as $611,000 each to key executives this year as part of a plan to keep hundreds of employees from leaving the government-controlled company.

Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.

Fannie Mae disclosed its “broad-based” retention program in a recent regulatory filing with the Securities and Exchange Commission. The company was only required to disclose the amounts for the top-paid executives, who will pocket at least $470,000 on top of their base salaries. The bonuses are more than double last year’s, which ranged from $200,000 to $260,000.

Fannie Mae said regulators determined that the bonuses were needed because keeping key employees “was essential to ensure our viability through 2010, which would allow Congress, the administration and other parties involved time to determine what the form and function of the company will be in future years.”

So I guess Freddie and Fannie are allowed to give away our money to keep people around, but AIG isn’t.

Let’s get down to brass tacks here. How much for the ape?

What is Liddy trying to prove?

spreadthered (Diary) Wednesday, March 18th at 5:14PM EST (link)

I’ll tell you, I watched the entire hearing today and I have to give Liddy credit – he took it and for what? $1 a year for the next 2 years and death threats to him and his family. I know some ambition people who enjoy a challenge but this is just crazy! What is he trying to prove?

If I was Liddy, I would have said, “If you think you can do a better job – have at it” Then I would have gotten up and walked out!

The government can’t even get a competent Treasury Secretary and they think they can find another person to fill Liddy’s shoes? yeah – good luck with that!

Richard Holbrooke

Dencal26 Wednesday, March 18th at 5:50PM EST (link)

I haven’t seen it mentioned anywhere but Obama foriegn policy expert Holbrooke was an AIG Board Member for 7 years . Links AIG to this Administration directly..
From February 2001 until July, 2008, Holbrooke was a member of the Board of Directors of the now almost bankrupt American International Group.