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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (61484)3/19/2009 12:51:35 PM
From: Kenneth E. Phillipps  Read Replies (3) | Respond to of 224749
 
The Fed knew about the bonuses but didn't tell Treasury. The Fed went ahead with the loan to AIG knowing about the bonuses.



To: JakeStraw who wrote (61484)3/19/2009 12:56:51 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 224749
 
Treasury officials intervened in Congressional deliberations this February. Sen. Christopher Dodd (D-CT) says Treasury officials pressed him to water down a proposed amendment that would have stripped employees of bailed-out companies like AIG of bonuses they had already received.

An administration official disputed Dodd's version of events, saying they merely raised legal concerns that the amendment could spark litigation.


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