Dodd was “unavailable for comment” on this story, but the media doesn’t care. They won’t bother him at home, or in his office. And here in Canada’s state-owned media, the CBC, it isn’t even remotely covering it in their otherwise thorough AIG coverage, in which they seem instead to studiously shape the story such that the much ballyhooed citizen outrage that is currently taking place in the U.S. is directed only at the corporations like AIG, rather than at their man, Barack Obama, government generally, and particularly the the insane government bailouts of anybody in general.
Amid AIG Furor, Dodd Tries to Undo Bonus Protections He Put In
Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group bonus recipients so the government could recoup the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.
While the Senate constructed the $787 billion stimulus last month, Dodd unexpectedly added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009,” which exempts the very AIG bonuses Dodd and others are seeking to tax. The amendment is in the final version and is law.
Also, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.
Dodd’s office did not immediately return a request for comment.
PTBC was founded by Mr. Johannesen in 2000.
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