Congressional Republicans think Dick Cheney needs to go away, because “he’s hurting GOP efforts to reinvent itself after back-to-back electoral drubbings.” Throughout his vice presidency, Cheney “showed a penchant for secrecy” but now he has “popped up in media interviews to defend the Bush-Cheney record while suggesting that the country is not as safe under President Obama.” And, that’s not setting well with some of the GOP members of Congress, as The Hill reports: Rep. John Duncan Jr. (R-Tenn.)...
Monthly Archives: March 2009
Cuomo: Most Huge A.I.G. Bonuses Were Returned
Via The Dealbook: Attorney General Andrew M. Cuomo of New York announced late Monday afternoon that 9 of the top 10 bonus recipients at the American International Group were giving back their bonuses. He also said 15 of the largest 20 bonus recipients in A.I.G.’s financial products division had agreed to give back the money, for a total that he estimated at about $30 million. “Those bonuses will be returned in full,” Mr. Cuomo said during a conference call...
Hillary Clinton: E-diplomat
AP News has a great piece on Secretary of State Hillary Clinton’s use of the web to promote the State Department: In less than three months, Clinton’s State Department has embarked on a digital diplomacy drive aimed at spreading the word about American foreign policy and restoring Washington’s image. Part of a broader Internet outreach by President Barack Obama’s administration, Clinton’s Web efforts already have outpaced those of her predecessors. Since taking over at Foggy Bottom, Clinton’s team has...
An American Outrage: Bernie, AIG, and Us
There have now been more than 4,000 deaths and 30,000 casualties of American military in the war in Iraq. More than 100,000 Iraqis and others, most of them civilian, have also been killed in what is now known to be an unnecessary war. But, we as a nation are not outraged. We have recently learned that former President Bush and former Vice-President Cheney had authorized the use of torture. But, we as a nation...
Senator Chris Dodd Sets The Record Straight On AIG (Video)
While I said yesterday that I didn’t that the compensation paid to the traders that unwound their portfolios was bad to begin with I hold a minority view. Senator Dodd speaks out as he had the major hand in designing the language of that part of the bill. This was today the 20th of March. Sphere: Related Content
Cam Kerry Nominated for Department of Commerce General Counsel
Cameron Kerry, Senator John Kerry’s brother has been nominated for General Counsel to the Department of Commerce: Cam Kerry is currently a partner in the Boston office of Mintz Levin, a national law firm. In over 30 years of law practice, he has been a communications lawyer and a litigator in a range of complex, developing areas such as environmental law, toxic torts, privacy, and insurance regulation. He has also taught telecommunications law as an adjunct professor at Suffolk...
A Contrarian View Of The AIG $165M
After listening to the hearing for hours yesterday via live streaming by MSNBC on the net, I can understand why those ‘bonuses’ are commonly misunderstood by both parties and the media. I misunderstood them too until I watched hours of the hearing. As was finally explained by Mr. Liddy, in detail, late in the day,they were contracts to keep specific people on board for the specific task of unwinding their portfolio of derivatives thereby reducing the liability of AIG...
Citigroup Plans New Exec Suite with Taxpayer Bailout Money
Bloomberg reports today that Citigroup “plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank.” Citigroup claims “the project will help it save money over time.” Well that’s just fine and dandy, but let them move forward with their plans when they are solvent again instead of doing so on our dime. I’m so disgusted with all of this bailout crap…...
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