Frustrated Incorporated
I just want something simple, like the TRUTH!

Speak of givebacks, how about all the contributions AIG gave to Obama and Chris Dodd?

They came from AIG employees.

Do you think they should give that money back, campaign contributions?

They gave over a hundred thousand dollars to Chris Dodd and Obama.  Should they give the money back?

Ed Morrissey at the blog, HotAir.comI think as much of the capitalist system as they can destroy, they will.  They will at least send it on a downward cycle, which creates the need for government. :

“While everybody assails AIG for using less than one-tenth of 1% of the taxpayer bailout money, another recipient of government largesse has its own bonus program in operation.  According to their annual report, Freddie Mac…”

Now, Freddie Mac is another GSE, Government Sponsored Enterprise.  Fannie Mae and Freddie Mac are basically the same thing.  Fannie Mae was first.  These are “private sector businesses owned by the government,” which of course is an oxymoron.

It’s not possible, and we all know the controversy about Fannie Mae, Franklin Raines and all these guys taking a $90 million. When are they going to give their bonuses back, by the way?

Jim Johnson and Daniel Mudd and Franklin Raines, when are they going to give their bonuses back?  They were kicked out of there for fraud at Fannie Mae?

There’s a story that Freddie Mac is going to need maybe $150 billion in bailout money to stay solvent because it just is not working out for them either.  But Morrissey points out that in the annual report, Freddie Mac…

“has a generous retention bonus plan built into its operation for the next year.  Eligibility includes all of the senior and executive VPs.  It comes in four payouts, and only the last has any connection to company performance.  It’s Exhibit 10-4 on page 414-5.”

It lays out the program.  Retention bonuses scheduled next year at Freddie Mac, and they are sizeable bonuses to be paid out four times to executives.

I’ll tell you, you’re being worked up into a frenzy here and you are being SCAMMED.

As much of the capitalist system as they can destroy, they will.

They will at least send it on a downward cycle, which creates the need for government.

They did it with Hurricane Katrina.  They do it with everything that goes wrong.

Any damage they can inflict in the capitalist sector of this country, they will do so to create a crisis and say,

“Only we can fix this.  See, this doesn’t work.  See, this is immoral.  Look at all the people hurting, look at all the people in pain.”

And then they’ll point to AIG which got bailed out,

“Look at all these rich people, look at all their bonuses.”

And nobody will remember that the bonuses were authorized by Obama.

These bonuses were authorized, they were required to be placed by Obama in the stimulus bill.

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