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2009-03-30 Home Front: Politix

AIG director named to Obama tax task force

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Posted by Steve White 2009-03-30 00:00|| || Front Page|| [2 views ] Top

#1 A major focus for the task force will be to reduce the estimated $300 billion-a-year tax gap, the difference between what individual and corporate taxpayers owe and what they actually pay.

Rantburg translation: Eliminating income tax deductions such as home loan interest, charitable giving, real estate taxes, etc. and putting everyone on the short form.

Posted by Besoeker 2009-03-30 07:42|| 2009-03-30 07:42|| Front Page Top

#2 Why does Bambi need two boards then if the membership is the same?

So each team can cast the blame on the other team of course.

Is anyone suprised by this - after all we have a tax cheat as a Treasury Secretary. The Obama administration is looking like one of those street hustlers selling a shell game every day.

Watch the hands... watch the hands...

Posted by CrazyFool 2009-03-30 08:35|| 2009-03-30 08:35|| Front Page Top

#3 "on the board of American International Group since 1988" I hate greedy people too, but if the Hospital that the First Lady worked on the board botched an operatrion, would we then blame her? Same scenario here. This guy was a member of a large board that for the most part hired/fired senoir the CEO and other officers. The derivatives office (cause of collapse) was several chains below that level. Not everyone with AIG was a crook or greedy and most of those are long gone.

Posted by Cyber Sarge 2009-03-30 11:29|| 2009-03-30 11:29|| Front Page Top

#4 AIG couldn't have taken on the massive risks of credit default swaps w/out Board approval. Every Board has a compensation committee, so they were doubtless doling out huge bonuses to the CDS masters of the universe -- and themselves, of course.

Posted by regular joe 2009-03-30 12:03|| 2009-03-30 12:03|| Front Page Top

#5 Why does Bambi need two boards then if the membership is the same?

So they can be paid two salaries for one job?(Graft or bribery, take your pick)

Posted by Redneck Jim">Redneck Jim 2009-03-30 20:59|| 2009-03-30 20:59|| Front Page Top

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