March 17, 2009
Really Chris? Really?

Posted at 3:19 pm, in: AIG, Bailout, Barney Frank, Congress, Connecticut Politics, Democrat Party, Economic Crisis, Economy, Mortgage Melt-Down

Why did I leave Connecticut, again? Oh yeah, maybe it’s because scumbags like this are continuously voted in as our representatives!

Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9238, 0.1437, 18.42%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.

It went on to say:

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.

Oh, and by the way:

Separately, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.

Now, who does this remind me of, again? And, I won’t get started on Sen. Dodd’s involvement with the whole mortgage crisis thingy.