Dear President Obama,
Do not underestimate the outrage toward American International Group and the overall negative effect this is having on the economy, the market and all of your efforts.
Do not tax the bonuses. Delete the amount that is not returned from the next installment. Verbally chastise those who do not return the bonuses and put this to rest.
Finally, there must be mandatory requirements each and every time that federal (or state for that matter) dollars are used to bail out, aka loan, any entity our tax dollars, and this must include no bonuses of any kind or raises for the duration of the loan period.
This is only common sense, and it baffles me that this was not a condition to begin with as I, and millions of others, have asked repeatedly for these types of guidelines.
If our leaders — elected or appointed — do not understand this, then God help us all.
President Obama’s goal of having a more “transparent government” died a quick death. Washington Democrats have given so many conflicting statements lately that they’re either liars or idiots.
Treasury Secretary Timothy Geithner and Senate banking committee chairman Christopher Dodd have known all along about the AIG bonuses to be paid with our tax dollars. Geithner lied to a Senate committee March 3 when first asked about this but has now admitted otherwise. In my book, that makes Geithner a liar and a cheat. (Remember his failure to pay income taxes?) For years Dodd has been on the very committee that was supposed to be providing oversight of our banking and financial institutions. This mess all came about under his watch.
Stop pointing fingers at the last administration, because it just doesn’t cut it anymore. Everyone in Washington owns blame, and we’re part of the problem. Quit your bellyaching, lying and whining and start earning your big bucks. Or are you representatives in Washington only there to enrich yourselves and feed your own egos?
Buy Geithner a bus ticket home, and kick Dodd off the banking committee now.