Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: SeachRE who wrote (157319)	3/21/2009 5:51:34 PM
From: geode00	Respond to of 173976

CNN's Whitfield advanced false GOP claim that recovery bill created right for AIG to pay bonuses Summary: On CNN Newsroom, Fredricka Whitfield advanced the false Republican accusation that Democrats created the right for AIG to pay bonuses by passing the economic recovery act, asserting that Sen. Chris Dodd was "widely criticized for allowing the bonuses in the first place." In fact, AIG reportedly disclosed that it had entered into agreements to pay these bonuses more than a year ago, and the Bush Treasury department approved of the AIG bailout with this agreement in place. Furthermore, the relevant provision in the recovery act, which was based on an amendment by Dodd, actually restricted the ability of companies receiving money from TARP to award bonuses in the future.