MasterShake69
Posts: 752
Joined: 11/30/2005 Status: offline
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i wonder if chairman made some Obama campaign donations would things have gone for them as well as it did for AIG?? Remember AIG gave Obama and Dodd all that campaign cash ;) even look up joseph cassano http://www.nydailynews.com/money/2009/03/17/2009-03-17_pin_aig_woes_on_brooklyn_boy_joseph_cass-1.html Pin AIG woes on Brooklyn boy: Joseph Cassano walked away with $315 million while company staggered Tuesday, March 17th 2009, 9:18 AM Before he was finally fired last March, Cassano pocketed $280 million in cash and an additional $34 million in bonuses. Under a "retirement" agreement marked "confidential," Cassano also got a $1 million-a-month "consulting fee." http://www.courant.com/news/politics/hc-chris-dodd-email-donations-0330,0,7052877.story The executives were reportedly asked to write checks for $2,100 from themselves and their spouses, and to send them to Mr. Dodd's campaign. The Times said the executives were, in turn, supposed to pass the message down the line to senior members of their management teams. Dodd's relationship with AIG has come under fire lately following his admission that he had agreed to a loophole in the February stimulus bill that paved the way for AIG to pay some $165 million in so-called retention bonuses. Those bonuses, along with others paid by the company, have come under sharp attack in Washington and Hartford by lawmakers who argue that companies receiving infusions of federal bailout money should not be paying bonuses. quote:
ORIGINAL: slvemike4u Hold on a minute Merc....President Obama did not direct that the chairman step down,he merely made it a condition of continued bailout money.If he hadn't,in all probability we would be reading one of your "rewarding failure"post's.
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