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| Obama Received a $101,332 Bonus from AIG |
| 2009-03-18 |
| 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.Â’s financial products division is the unit that wrote trillions of dollarsÂ’ worth of credit-default swaps and "misjudged" the risk. The Washington Post reports a "mob effect" at A.I.G financial products division: A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all. With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears. Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back? |
| Posted by:Beavis |
| #5 Obama: I'm shocked SHOCKED to learn that bonuses were paid out. Your $101,332 bonus sir. |
| Posted by: Minister of funny walks 2009-03-18 12:37 |
| #4 I'm wondering, if the government really goes after the AIG execs, if some of those execs don't start spilling their guts about the corruption they paid for in Obama and the dhimocrats. |
| Posted by: DarthVader 2009-03-18 10:50 |
| #3 The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama. I remember when Cheney was a bad choice because he "had ties to halliburton" |
| Posted by: Anon4021 2009-03-18 10:19 |
| #2 It will be interesting to see who the executives or board members were of the AIG PAC that gave out the money. I wonder if any of them are recipients of retention bonuses. |
| Posted by: Jack is Back! 2009-03-18 10:15 |
| #1 so Obama's squeaky clean non-lobbyist tainted administration doesn't apply to the head cheese. |
| Posted by: hammerhead 2009-03-18 09:43 |