Thursday, March 19, 2009

Protected AIG Bonuses: Thank You Senator

The Investment and Recovery Act of 2009, signed into law on February 17th, was over 1000 pages long. Not one member of Congress, including drafters of the bill (Pelosi, Reid), actually read the massive piece of legislation. One may ask how someone can be so sure. Perhaps one member of Congress pulled an all nighter. One conclusive piece of evidence, is the amendment propsed by Senator Chris Dodd (D-Conn). A provision that protects $165,000,000 in bonuses for AIG employees proposed before February 11th. Mr. Dodd has recieved the second most campaign funds from AIG, the first being President Obama. He at first denies any ownership of the amendment, and then shifts the blame to the White House. Watch the video above to see Mr Dodd's statements on the matter.

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