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Cass - Bonus timeline

Here Cass, this is for you as you seem to be unclear of how the events have unfolded regarding the bonuses and Obama administration.

Oct 08, the $700 billion TARP passed Congress, which then Treasury Secretary Timothy Geithner (Tax Cheat) put together.

In Nov 08, the Fed and Treasury Department soon began pumping $40 billion more into AIG.

While the Senate was constructing the $787 billion stimulus last month, Dodd (D-Conn) added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009. AIG is headquartered in Conn.

March 2, AIG officials announced record losses for their company, along with the restructuring plans and additional $30 billion in government aid. Obama, Geithner, Dodd or any of the DEMs who control Congress make no attempt to use leverage on future bonuses which are due to be paid out

Mar 12, Geithner & Obama, sensing controversy over the AIG bonuses, start damage control and spin to avoid being perceived as "incompetent".

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