Dodd Blames Obama Administration for Bonus Amendment (Update2)

Posted on

Dodd Blames Obama Administration for Bonus Amendment (Update2)
By Ryan J. Donmoyer
bloomberg.com

March 19 (Bloomberg) — Senate Banking Committee Chairman Christopher Dodd said the Obama administration asked him to insert a provision in last month’s $787 billion economic- stimulus legislation that had the effect of authorizing American International Group Inc.’s bonuses.

Dodd, a Connecticut Democrat, said yesterday he agreed to modify restrictions on executive pay at companies receiving taxpayer assistance to exempt bonuses already agreed upon in contracts. LINK

Related – Obama lies through teeth on Tonight Show. Tells Leno he was stunned by AIG bonuses

Advertisements

One thought on “Dodd Blames Obama Administration for Bonus Amendment (Update2)

    Johnny Peepers said:
    March 20, 2009 at 5:16 am

    A bit of confusion in the Hill is all. Democrats would never deceive the voting public, that much I am sure.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s