If the Law Doesn’t Protect EVERYBODY, It Can’t Protect ANYBODY

Discussion in 'News / Current Events' started by Revmitchell, Apr 4, 2009.

  1. Revmitchell

    Revmitchell
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    This week I spoke to Mr. Blumenthal about his actions to block American International Group—AIG—from paying out hundreds of millions of dollars in bonuses. I’ve made it very clear that I don’t like the idea of bonuses being paid out to a company that needed your and my tax dollars to bail them out, but I also respect the law above revenge. Those AIG employees are contractually entitled to that money—I don’t like it any more than you do, but it’s true. Here’s a bit of the conversation I had with the Attorney General:

    BECK: OK. You know, the one thing I was going through the interviews with you, and nobody has asked this question and I’m just dying to know. And I know you will have the answer - what law did the AIG executives break when they took those bonuses that were mandated by a legal contract?

    BLUMENTHAL: The AIG executives did not themselves break a contract.

    BECK: So then why were you going after them?

    BLUMENTHAL: Well, we’re not going after them.

    BECK: No, you were.

    BLUMENTHAL: We’re going after the bonuses.

    BLUMENTHAL: Well, you know, again, these funds belong to us taxpayers

    Then later…

    BLUMENTHAL: Well, you know, let’s be clear on what’s happening with the bonuses. These bonuses are actually increasing in amount. Going into next year, they will be $200 million…

    BECK: Oh, my gosh. Is that against the law?

    BLUMENTHAL: … in bonuses.

    BECK: Is that against the law?

    BLUMENTHAL: Well, it is against public policy and it is unsanctioned by law…

    BECK: Is that against the law?

    BLUMENTHAL: It should be against the law.

    BECK: Is it against the law?

    BLUMENTHAL: It’s against the public policy…

    BECK: It is a yes or no question.

    BLUMENTHAL: … and against the taxpayers - in my view, it is unrequired…

    BECK: Counselor, it is a yes or no question. Is it against the law? Yes or no.

    BLUMENTHAL: It is not against the law and I have never said that it is against the law, and I have never said that we would take action.

    It took a long time to get there, but Attorney General Blumenthal finally admitted that his whole crusade has nothing to do with the law. He may be a lawyer, but he’s also a politician—this is little more than opportunistic grandstanding…seizing a moment for himself and his own career under the guise of serving the people of Connecticut.
    It stinks.


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  2. Revmitchell

    Revmitchell
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    So Dems are going after AIG execs all though no one has done anything wrong.
     
  3. BigBossman

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    I don't see how the Democrats can get so hyped up over what they approved. All they had to do was read over where that money was going to go. I don't like the fact that AIG executives got bonus money from our tax dollars & if they didn't like it, they shouldn't have given them that money in the first place.

    Secondly, unless I misunderstood, didn't all but one of those executive give back their bonuses? Maybe, the ones who approved that bill should pay the cost to fund AIG. That way when I watch O'Reilly Factor or Hannity, I won't have to listen to Barney Frank squeal about things.
     
  4. Revmitchell

    Revmitchell
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    That's right.They approved it and the denounced it. It now appears they wanted to create an issue. I wonder why? Could it be so that they could react this way and do what they are now doing?
     

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