Ron Wyden breaks ranks: New info on AIG-gate

H/T Tim White

Last night I pointed out that various Democrats were playing one-upsmanship in who could offer the least plausible explaination for the AIG bonus debacle.  

Well, someone from the Democratic senate caucus has broken ranks from the Obamatons about this farce, and has added a new name to the existing participants in the

The Geithner-Dodd Deception Derby

 

Who in the Administration pressed for the AIG bonuses?FoxNews' Trish Turner offers:Sen. Ron Wyden, D-Ore., all but pointed the finger of blame directly at the "Obama economic team" Wednesday for allegedly stripping a provision from the stimulus package last month that would have slapped a heavy tax on bonuses like the ones doled out at AIG...Asked to whom he spoke with back in February when he was fighting to keep the item, Wyden said, "Secretary Geithner, Larry Summers, and I'll leave it at that." 

OK, Dodd blames "Treasury"  Now Geithner admits he "talked to Dodd".  Funny how this little detail wasn;t mentioned by either gentleman until late this afternoon.  Dodd says he still has confidence in Geithner. Then again he also had confidence in Fannie Mae.

Jeez, if any more people claim not to know what was going on when the Porkulus bill was drafted I'll think this guy works for Obama   

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Tonight's's party line seems to be the entire senior management of the Obama adminstration knew about the bonuses, put an amendment in to protect the bonuses, and then a) failed to inform the President and b) acted surprised when the issue blew up like a Roman candle

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RRRIGHT!

Well, the President says Geithner is doing "an outstanding job" Then again, while Obama may be the first sitting President on a late night talk show, I doubt he wanted to use the occasion to fire a cabinet officer.  

 Let's just hope this isn;t like the last time a President had to so frequently defend an embattled federal official

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Comments

So who were the two top recipients...

...of AIG's campaign contributions during the last election?

You guessed it. Chris Dodd and Barack Obama. Is there a connection here?

ex animo

davidfarrar

no fucking way.

campaign contributions let you write bills, like Dodd's bankruptcy bill.

This was entirely too forseeable in its consquences. To get shit like this, you use blackmail.

besides, it wans't like aig was getting the bailout money. can we spell counterparty risk, again?

some people got paid a price premium  on something with no risk. their name is goldmann sachs, and they don't believe in the fucking market economy.

Of Course

"Timmy you're doin' a heckuva job"

The adults are in charge. A smart new administration is in control.

What? We gave them how much? They're doing what with it?

Lets tax them. Yeah. That'll show 'em.

counterparty risk.

tarp 2 was not about bailing out aig.

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