It's a little bit early to be heaping scorn on Obama, isn't it? He surely GETS it better than Bush ever did.
From what I can tell, the public outrage was necessary in order to justify taking radical action against AIG. Otherwise, he would be criticized for interfering in private contracts. So I think to expect Obama to do anything when the Treasury Department was quietly analyzing the legal options vis-a-vis the bonuses is unrealistic.
I'm sure it will make the Republicans happy to know that you're letting the AIG scandal distract you from the more important things he is getting accomplished. This reminds me of the campaign: details are available if you know where to look. Try www.recovery.gov for starters.
The truth is, AIG has been bailed out so much due to political reasons. If they fall, the congressmen themselves risk losing money, as do their families, their constituents, etc. AIG was propelled by American money, so congress was afraid to let it fall- they might not get re-elected down the line, etc. A company like Lehman Brothers didn't concern them because their money was owed primarily to foreign constituents (mostly Japanese interests).
SO now it's as if the lawmakers and AIG all got caught with their pants down. Sickening!
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From what I can tell, the public outrage was necessary in order to justify taking radical action against AIG. Otherwise, he would be criticized for interfering in private contracts. So I think to expect Obama to do anything when the Treasury Department was quietly analyzing the legal options vis-a-vis the bonuses is unrealistic.
I'm sure it will make the Republicans happy to know that you're letting the AIG scandal distract you from the more important things he is getting accomplished. This reminds me of the campaign: details are available if you know where to look. Try www.recovery.gov for starters.
Reply
The truth is, AIG has been bailed out so much due to political reasons. If they fall, the congressmen themselves risk losing money, as do their families, their constituents, etc. AIG was propelled by American money, so congress was afraid to let it fall- they might not get re-elected down the line, etc. A company like Lehman Brothers didn't concern them because their money was owed primarily to foreign constituents (mostly Japanese interests).
SO now it's as if the lawmakers and AIG all got caught with their pants down. Sickening!
Reply
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