In an empty gesture of FALSE SUPPORT AND UNDERSTANDING President Obama went before the camera today to assauge MAin Street Americans with a "AIG Kabuki Dance!" "I'm MAD AS HELL, and I'm NOT GOING TO TAKE IT ANY MORE. I've ordered my effeminate and useless Treasury Secretary to get out of his pink tutu and STOP THOSE BONUS PAYMENTS if it can be legally done!" Talk about hyperbole and stage craft for the benefit of the CNN, FOX and other network cameras...can hear Barack now, "Did you get that?" "Great! It's a wrap folks, FIRE UP AIR FORCE ONE!"
The American International Group office building in New York. (Mark Lennihan)
Obama orders Treasury chief to try to block AIG bonuses
Published: March 16, 2009
Barack Obama vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Obama's economic recovery agenda.
"In the last six months, A.I.G. has received substantial sums from the U.S. Treasury," Obama said. He added that he had asked Treasury Secretary Timothy Geithner "to use that leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole."
In strongly-worded remarks delivered in the White House East Room before small business owners, Obama called AIG "a corporation that finds itself in financial distress due to recklessness and greed."
1 comment:
The bonus payout excesses at AIG are just the tip of the iceberg of what is happening with the other Wall Street bailouts including Bank of America. Working productive Americans are bailing out the same crooks that destroyed our economy along with 45% of the wealth in the world and now the American taxpayers and our children will be forced to live a far lower standard of living with reduced prosperity and opportunities due to this but only we pay the price.
Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, the dollar, gold and the stock market and how this is a better alternative than Washington’s plans to monetize the debt in future years and tax and destroy our remaining wealth by depreciating the dollar.
The Campaign to Cancel the Washington National Debt By 12/21/2012 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
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