Geithner UNAMBIGUOUSLY Demands Repayment Of Bonuses!

[Beetwasher]

Good news. But not enough. We need a full fledged inquiry into the criminal malfeasance and I sure as hell hope it's coming. We cannot allow this to be a distraction from investigating the deeper systemic abuses and criminal activity.

Geithner: AIG must pay back bonus money

CNN) -- Insurance giant AIG will have to return to the Treasury Department the $165 million it just paid out in executive bonuses, Treasury Secretary Timothy Geithner said Tuesday in a letter to congressional leaders.

"We will impose on AIG a contractual commitment to pay the treasury from the operations of the company the amount of the retention awards just paid," Geithner wrote. "In addition, we will deduct from the $30 billion in assistance an amount equal to the amount of those payments."

That would be a double payment, essentially a $165 million penalty on AIG for issuing the bonuses.

--snip--

http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses/index.html

That part about a double payment sure is a nice touch though!! BOOYA!

[polichick]

1. So why wasn't he interested in the Snowe-Wyden Amendment...

...that would have prevented this??

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=8268092&mesg_id=8268092

(post 8 deals with Obama team)

[Beetwasher]

2. Ask Him

:shrug:

Some people are never happy.

I'd chalk it up to a fuck up, but they are trying to do the right thing now. Not that that's all that matters, but it's something.

[polichick]

4. Much more than a fuck up - it was an intentional stripping of an amendment...

They're asking the questions WHY and WHO on msnbc now ~ glad not everyone thinks we should be happy with this bullshit.

[Beetwasher]

5. Thanks For The Insight, Kreskin!

Tell me, what am I thinking right now! :eyes:

[librechik]

3. We need more emphasis on a DOJ investigation

these high school popularity games are killing our economy!

[zagging]

6. In other news: Conyers re-re-re-resubpoenas Karl Rove

Unambiguously.

[Beetwasher]

7. I Guess You Didn't Bother Reading The Article?

n/t