Tuesday, March 17, 2009

Obama administration doesn't actually want to take away AIG bonuses

Only now, after the anger over the AIG bonuses has reached a boil, has Obama indicated that the bailout money allocated to AIG executives' bonuses should be retracted. Funny, since it was his administration that, as Glenn Greenwald expertly points out, moved to include those bonus-saving provisions in the bailout legislation in the first place! To add insult to injury, the administration, with the help of others, is trying to pin blame on Sen. Chris Dodd, who initially OPPOSED those same provisions in the law. Score another 'say one thing and do another' point for Obama.

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