$101,332 Bonus from AIG in 2008

[ProPokerPlayer]

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.
With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.
Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?

 

[DeathEatsaCracker]

So a bonus and a campaign contribution are the same now?

 

[gtc08]

two totally different things. poker player fails yet again

 

[3peet]

two totally different things. poker player fails yet again

LMAO!!!!!!! Oh you know those righty's. Anything for an argument. Perhaps pokerplayer and the rest of those reachers could use some help.



bo⋅nus [boh-nuhs]
–noun, plural -nus⋅es.
1. something given or paid over and above what is due.
2. a sum of money granted or given to an employee, a returned soldier, etc., in addition to regular pay, usually in appreciation for work done, length of service, etc.
3. something free, as an extra dividend, given by a corporation to a purchaser of its securities.
4. a premium paid for a loan, contract, etc

con⋅tri⋅bu⋅tion [kon-truh-byoo-shuhn]
–noun
1. the act of contributing.
2. something contributed.
3. an article, story, drawing, etc., furnished to a magazine or other publication.

 

[Georgiaboy]

they are different, but if you don't think Prez BO and Senator Dodd won't take care of AIG your crazy.

 

[billbeater]

Lou Dobbs is all over this!!!! has NOT been mentioned on the big 3 tv networks that i have seen..... wonder why....
hold on, let me whipe my arse with something american before i puke again.
uke1:

 

[gtc08]

they are different, but if you don't think Prez BO and Senator Dodd won't take care of AIG your crazy.

and you would let them fail? if AIG goes down, game over, and this comes from me who was against the stimulus.

 

[DeathEatsaCracker]

"Let them fail" is easy to type without consideration of the catastrophic consequences of having the largest insurer on the planet go belly up.

The Obama Administration understands this just as the Bush Administration did.

 

[Dave007inVegas]

We the tax payers, are now the owner of the largest insurer on the planet. And how did we become the owner? Because we’re the last source of money that the government has. When you’ve exhausted all lines of credit you turn to the taxpayer. What pisses me off is I wasn’t asked if I would lend them the money, they just took it.

 

[punter]

And if you were a shit maggot swabie on an aircraft carrier the captain wouldn't ask you before he made a turn either.

 

[Dave007inVegas]

And if you were a shit maggot swabie on an aircraft carrier the captain wouldn't ask you before he made a turn either.

Increasing your vocabulary is see, good for you. We all need to be as eloquent as possible when we write.

:ears:

 

[punter]

The reason that you may not have heard those terms is that you never had the pleasure of serving your country.

 

[DeathEatsaCracker]

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.
With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.
Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?

Can you explain when routine campaign contributions became known as "bonuses"?

You are a partisan hack. If I use your terminology, John McCain received over $300,000 in bonuses from Merril Lynch for the '08 campaign.

 

[DeathEatsaCracker]

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.
With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.
Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?

Oh, look what I found.

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000
​

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Now go fuck yourself.

 

[Dave007inVegas]

The reason that you may not have heard those terms is that you never had the pleasure of serving your country.

So you spent time in the Pacific on a carrier? Did you ever have to shoot another human being? I don’t call that a pleasure.

 

[bigtendominator]

Oh, look what I found.

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000
​

<!-- empty -->

Now go fuck yourself.

No suprise as Dodd is the top receiver of contributions from AIG.
Why we even allow these contributions is a joke.

 

[ElTaino]

Oh, look what I found.

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000
​

<!-- empty -->

Now go fuck yourself.

dodd 103,100
obama 101,332
all repubs in top 12 112,049
all dems in top 12 327,872

draw your own conclusions about the bailout

 

[DeathEatsaCracker]

The first AIG bailout occurred under Bush, as well as the Conservatorship if FNM and FRM.

The point I'm trying to make is that the country is in an uproar over the Wall Street bonuses. Some blogger on an irrelevent web site changes "campaign contributions" to "bonuses" in a partisan attempt to create outrage toward Obama and all of a sudden it's all over the Right Wingosphere.

The left is equally guilty of similar tactics, which is why I get so frustrated. The political divide in this country is getting wider and wider all the time.

 

[ElTaino]

speaking of fannie and freddie

Fannie plans bonuses of up to $611K for 4 execs

Fannie Mae plans bonuses of up to $611,000 for 4 executives; Freddie Mac has similar plans

• <LI class=EC_byline>Alan Zibel, AP Real Estate Writer
• Wednesday March 18, 2009, 4:18 pm EDT

WASHINGTON (AP) -- Fannie Mae plans to pay retention bonuses of as much as $611,000 each to key executives this year as part of a plan to keep hundreds of employees from leaving the government-controlled company.

Rival mortgage finance company Freddie Mac is planning similar awards, but has not yet reported on which executives will benefit.
The two companies, which together own or back more than half of the home mortgages in the country, have been hobbled by skyrocketing loan defaults. Fannie recently requested $15 billion in federal aid, while Freddie has sought a total of almost $45 billion.
Fannie Mae disclosed its "broad-based" retention program in a recent regulatory filing with the Securities and Exchange Commission. The company was only required to disclose the amounts for the top-paid executives, who will pocket at least $470,000 on top of their base salaries. The bonuses are more than double last year's, which ranged from $200,000 to $260,000.
A company spokesman declined further comment.
Fannie Mae said regulators determined that the bonuses were needed because keeping key employees "was essential to ensure our viability through 2010, which would allow Congress, the administration and other parties involved time to determine what the form and function of the company will be in future years."
The bonuses were authorized last year by the Federal Housing Finance Agency, which seized control of Fannie and Freddie in September and ousted the companies' former CEOs.
"It was critical to retain their most important asset -- their employees -- who are being asked to play a vital role in the nation's economic recovery," James Lockhart, the agency's director, said in a statement. "As the previous senior management teams left, it would have been catastrophic to lose the next layers down and other highly experienced employees."
But the generous paychecks could prove politically touchy amid outrage over roughly $165 million in bonuses paid out over the weekend by bailed-out insurance giant AIG.
Michael Williams, Washington-based Fannie Mae's executive vice president and chief operating officer, is due to receive a $611,000 retention award on top of his $676,000 base salary. David Hisey, the company's deputy chief financial offer is expected to receive a $517,000 retention award this year in addition to his $385,000 salary and $160,000 cash bonus.
The company's two top executives, Chief Executive Officer Herbert Allison and Chief Financial Officer David Johnson, did not receive the awards because they were new to the company last year. Allison is taking no salary, while Johnson is receiving a base salary of $625,000 and no bonus.

 

[OnWisconsin]

why not just consider the bonuses as another "porky amendment"? after spending millions on pig odor research and what not, our politicians are happy to deflect their own spending indiscretions onto someone else....compare the bonus dollar % of all major companies receiving bailouts to the % of pork projects passed in every bill....see which one..... is oh, more than 1750% more... oh yes, we bailed out aig in a seperate bill...lets not forget about the 800 billion dollar bill we're also responsible for, can't wait until i reap the benefits of honey bee research...

but let's be mad at the bankers. it's all their fault and i'm happy to follow....