Amid AIG Furor, Sen. Chris Dodd Tries to Undo Bonus Protections He Put In - FOXBusiness.com: "While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.
The amendment made it into the final version of the bill, and is law.
Separately, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org."
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Not only did Democrat Dodd put this in the bill. President Obama signed it into law. And now they are outdoing each other denouncing AIG for paying the bonuses they were legislatively authorized to pay.
At least, that's the way it looks to me.
1 comment:
Glenn Greenwald makes a pretty convincing case that the Obama administration has been unfairly making Dodd the fall guy:
http://www.salon.com/opinion/greenwald/2009/03/17/dodd/index.html
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