Comments on: Liberal Politics: No Honor Among Thieves http://morewhat.com/wordpress/liberal-politics-no-honor-among-thieves/ To build consensus on issues Wed, 23 May 2012 07:03:06 +0000 http://wordpress.org/?v=2.0.3 by: Stanford Matthews http://morewhat.com/wordpress/liberal-politics-no-honor-among-thieves/#comment-20459 Fri, 20 Mar 2009 14:22:48 +0000 http://morewhat.com/wordpress/liberal-politics-no-honor-among-thieves/#comment-20459 Reports out today (March 20, 2009) in summary indicate an attempt as suggested earlier that rather than throw high ranking Democrats under the bus over the AIG bonus boondoggle it is easier to blame anonymous or low ranking staffers. Tax cheat Geithner says his staff and Dodd's made the changes as he was concerned about legal challenges from denying AIG employees their performance bonuses. A review of Dodd revelations including the MSM missing the importance of docs they were allowed to inspect from the Senator, previous special treatment by Countrywide for loans to the Chairman of the Senate Banking Committee and Dodd's initial denials about everything are in the news. Here is some reference material. This is the tip of the iceberg for the Dems and President Obama's first 100 days. The One's Kingdom is in trouble. WASHINGTON, March 19 (UPI) -- Stimulus bill language that shields AIG employee bonuses from federal collection was added due to legal concerns, U.S. Treasury Secretary Tim Geithner said. "We expressed concern about vulnerability" of the stimulus bill to withstand a legal challenge if language that would have barred the bonuses outright, Geithner said on CNN. He said his staff worked with the staff of Senate Banking Committee Chairman Christopher Dodd, D-Conn. In a statement issued Wednesday, Dodd said that during stimulus negotiations, he did change a section on limiting executive pay to include an exemption that permitted payouts of any executive bonuses agreed to by Feb. 11, 2009, ABC reported. Congressional Report: Countrywide Bent Loan Rules For Dodd By MATTHEW KAUFFMAN | The Hartford Courant An executive at mortgage giant Countrywide Financial overrode the company's loan-writing policies to give a discount to Sen. Christopher Dodd, the powerful chairman of the Senate banking committee, according to an internal Countrywide document turned over to congressional investigators and obtained by The Courant. On Wednesday, Dodd acknowledged that he had "reluctantly" agreed to amend legislative language designed to limit executive compensation for companies receiving federal bailout money -- a change that ultimately permitted insurer AIG to pay millions in bonuses. He has also faced questions about past real estate deals in Washington, D.C., and Ireland. But Dodd's political troubles began with the Countrywide deal, and assertions that one of the nation's top banking overseers had received favors from a key player in the subprime mortgage meltdown. Last month, Dodd allowed reporters to review more than 100 pages of mortgage documents for his homes in East Haddam and Washington, D.C., but did not permit them to make copies. A spokesman for Dodd said that the Loan Policy Analysis was among the records reporters were permitted to review. But none apparently recognized its potential significance. Reports out today (March 20, 2009) in summary indicate an attempt as suggested earlier that rather than throw high ranking Democrats under the bus over the AIG bonus boondoggle it is easier to blame anonymous or low ranking staffers. Tax cheat Geithner says his staff and Dodd’s made the changes as he was concerned about legal challenges from denying AIG employees their performance bonuses.

A review of Dodd revelations including the MSM missing the importance of docs they were allowed to inspect from the Senator, previous special treatment by Countrywide for loans to the Chairman of the Senate Banking Committee and Dodd’s initial denials about everything are in the news.

Here is some reference material. This is the tip of the iceberg for the Dems and President Obama’s first 100 days. The One’s Kingdom is in trouble.

WASHINGTON, March 19 (UPI) — Stimulus bill language that shields AIG employee bonuses from federal collection was added due to legal concerns, U.S. Treasury Secretary Tim Geithner said.

“We expressed concern about vulnerability” of the stimulus bill to withstand a legal challenge if language that would have barred the bonuses outright, Geithner said on CNN.

He said his staff worked with the staff of Senate Banking Committee Chairman Christopher Dodd, D-Conn.

In a statement issued Wednesday, Dodd said that during stimulus negotiations, he did change a section on limiting executive pay to include an exemption that permitted payouts of any executive bonuses agreed to by Feb. 11, 2009, ABC reported.

Congressional Report: Countrywide Bent Loan Rules For Dodd
By MATTHEW KAUFFMAN | The Hartford Courant

An executive at mortgage giant Countrywide Financial overrode the company’s loan-writing policies to give a discount to Sen. Christopher Dodd, the powerful chairman of the Senate banking committee, according to an internal Countrywide document turned over to congressional investigators and obtained by The Courant.

On Wednesday, Dodd acknowledged that he had “reluctantly” agreed to amend legislative language designed to limit executive compensation for companies receiving federal bailout money — a change that ultimately permitted insurer AIG to pay millions in bonuses.

He has also faced questions about past real estate deals in Washington, D.C., and Ireland.

But Dodd’s political troubles began with the Countrywide deal, and assertions that one of the nation’s top banking overseers had received favors from a key player in the subprime mortgage meltdown.

Last month, Dodd allowed reporters to review more than 100 pages of mortgage documents for his homes in East Haddam and Washington, D.C., but did not permit them to make copies. A spokesman for Dodd said that the Loan Policy Analysis was among the records reporters were permitted to review. But none apparently recognized its potential significance.

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