Obama Was AIG’s Friend Before He Was Their Enemy

• March 18, 2009

Obama may be grandstanding about AIG’s bonuses now, but it’s worth noting that Obama himself is the second biggest benefactor of AIG political contributions. Second only to Senator Chris Dodd, who is quietly trying to tip-toe away from legislation he inserted into Obama’s “stimulus” spending spree that protected AIG’s bonuses.

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.

After throwing all this money around, it is perhaps little wonder that the politicians (including Dodd and Obama himself) jumped on board with a bailout for them. And it’s no wonder they’re thrashing about so hard trying to distance themselves now.

Tags: Asshats, Domestic Issues, Politics

http://ndgoon.blogspot.com/ goon

$58 billion to foreign banks and $36 billion given to French and German banks alone.

The Obama administration is allowing AIG to bail out the rest of the world with your tax dollars.

That is because NOBAMA wants the USA to be world citizens. Our f’n tax dollars should not be going to the EUROs.
Fools Gold

Breaking News: Dodd Says loophole that protects AIG Bonuses added per request of the Obama administration. The video is about a fifth of the way down.

http://www.butasforme.com/2009/03/17/obamas-stimulus-bill-explicitly-grants-aig-the-legal-right-to-hand-out-bonuses/

Obama should take full and direct responsibility for this mess.
bill-tb

Now we know we got a socialist, and a dumb and incompetent one at that… Obama, too dumb to know how dumb he is … Without his telpeprompter buddy he is nothing, if not errr, ahh, uhhh, ummm …

And people called Bush a chimp.
http://www.dartemis.net/blog/ sayanything-42

Rob,

You are missing the big picture:

But while the ire of Congress and the media focus are on the $165 million that AIG paid out in bonuses to their executives, the president is hoping you won’t notice the $100 billion in taxpayer bailout dollars that AIG paid out to other banks, including $58 billion to foreign banks and $36 billion given to French and German banks alone.

The Obama administration is allowing AIG to bail out the rest of the world with your tax dollars.
http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

The markets are forward looking now that Obama’s agenda has been crippled!
Bat One

The two biggest Congressional recipients of bonuses from the A.I.G. are – Senators Chris Dodd and Senator Barack Obama.

As I recall, those two were the biggest Senate recipients of contributions from Fannie Mae as well. That’s some coincidence!?
http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

But the markets LOVE Obama! Up 140 again today!
http://sayanythingblog.com robport

But the markets LOVE Obama! Up 140 again today!

And down how much, net, since inauguration day?

The markets were eventually going to hit bottom.
http://suitepotato.blogspot.com/ sayanything-4808

I think Obama should give back the entire $101,332 and apologize publicly.

And no, the markets don’t love Obama. Bernanke is waffling semi-positive and people doing some bargain buying. The overall trend is towards the toilet and will remain that way as long as BO don’t know wtf he’s talking about.

But keep huffing enough glue there to keep thinking otherwise porthole boy.
WOOFX

Enlighten up.
OPEN SECRETS

Ain’t that America

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Obama Was AIG’s Friend Before He Was Their Enemy

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