AIG Bonus Furor: Senator Chris Dodd (D-CT) Made The Bonuses Possible

Don’t you just love it when a Senator steps on his/her own foot and trips him/herself up? I do. That’s why I am blogging about Senator Chris Dodd and his hypocrisy about bonuses being paid out by American International Group (AIG).

While Congress was working on the porkulus/spendulus bill, Sen. Dodd added an amendment that I am pretty sure he wishes nobody remembered.

According to Fox Business:

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 now seeking to tax.

The amendment made it into the final version of the bill, and is law.

So, the Democrats (and a few ignorant Republicans) are all up in arms about bonuses being paid out in strict accordance with a law that they themselves passed!

Can you say CHUTZPAH?

Here are the rules of the Dodd amendment:

  • Crack down on bonuses, retention awards and incentive compensation: Bonuses can only be paid in the form of long-term restricted stock, equal to no greater than 1/3 of total annual compensation, and will vest only when taxpayer funds are repaid. There is an exception for contractually obligated bonuses agreed on before Feb. 11, 2009.
  • For institutions that received assistance totaling less than $25 million, the bonus restriction applies to the highest compensated employee; $25 million to $250 million, applies to the top five employees; $250 million to $500 million, applies to the senior executive officers and the next top 10 employees; and more than $500 million applies to the senior executive officers and the next top 20 employees (or such higher number as the Secretary determines is in the public interest).

Now, why would Sen. Dodd have done something like this? Perhaps can provide us with the answer:


Note that Chris Dodd and Barack Obama were the two top recipients of money from AIG.

Now, people have known for over a year that these bonuses were coming out and a Democrat Senator introduced an amendment to make sure that those bonuses were legal. Why is their such a furor going on over all of it?

It is a distraction from other things, that’s why. It turns out that AIG was used as a launderer to spread money around to other banks. Someone doesn’t want us investigating that so they blow the bonus issue way out of proportion to try and make it into some type of scandal.

As for the outrage, I wonder why there was no outrage when public funds were used to shore up UAW retirement accounts?

You can access the complete article on-line here:

Amid AIG Furor, Dodd Tries To Undo Bonus Protections He Put In
Rich Edson
Fox Business
March 17, 2009


UK Senior Judge: Nothing “Honorable” About Muslims Abusing And Killing Their Own Families

How many times have we read stories about “honor killings” or forced marriages or abuse of Muslim children? Far too many times.

I used to think that most (if not all Europeans) were simply too scared to speak out in the face of a Muslim culture that is coming to dominate them. Well, over in the United Kingdom, at least one sane, rational voice is speaking out. That voice belongs to Lord Justice Wall, a senior judge in the U.K. judicial system.

According to the Daily Mail Online:

Lord Justice Wall, giving a ruling on a case involving three Muslim children put in the care of white foster parents, said the time had come to ‘re-think the phrase honour killing’.

He had heard that a mother had set fire to one of her three children and tried to burn down the house where they lived in an attempt to incriminate her sister-in-law.

The sister-in-law ‘presented a problem to the family’ and had fled the home after being beaten and her first child murdered by her husband, the mother’s brother.

The judge said: ‘The message from this case, which must be sent out loud and clear, is that this court applies a tolerant and human rights based rule of law: one which… regards parents as equals and the welfare of the child as paramount.

‘That is the law of England, and that is the law which applies in this case. Arson, domestic violence and potential revenge likely to result in abduction or death are criminal acts which will be treated as such.’

He said the activities brought to light by the case had ‘nothing to do with any concept of honour known to English law’.

‘They are acts of simply sordid, criminal behaviour and a refusal to acknowledge them as such.’

Wow! Those are some strong words and they are exactly the words that needed to be said. Two things to note:

1. Abuse and killing of family members has “nothing to do with any concept of honour known to English law.”

2. The acts are “of simply sordid criminal behaviour.”

That is stripping the issue down to the bare-bones essentials. Islamics who abuse and kill their own family members have no place in the civilized society of the West. That much is clear from point Number 1.

Point Number 2 serves as a reminder that moral relativism has no place in the application of laws and that all laws must be applied equally to all people across the board. As such, Muslims who abuse and kill their own family members should not be considered as adherents to a different set of beliefs, but merely common criminals who need to be held accountable and punished for their crimes.

How bad can it get? Read on:

The mother of the children – a girl aged 11 and boys of nine and five – is 32 and serving a five-year jail sentence for arson.

One of her brothers had contracted a second marriage to a woman in Pakistan who came to England in 2003 pregnant with her first child.

That child was taken to hospital aged 27 months suffering from multiple injuries and died.

It was not known the motivation for the killing but among the injuries on the child were signs of chronic sexual abuse.

A 27-month-old child. That’s not even three years. What motivates a person to physically harm a defenseless little human being like that?

I went to school here in the West and we were never taught to do anything like that. In fact, we were taught that such behavior is simply evil and that those who engage in such actions should be severely punished.

But, in certain Muslim cultures, such behavior is acceptable and encouraged and when it happens, is justified under Sharia law.

Now, I know some Muslims out there will complain that these people do not represent mainstream Islam. But my response to this complaint is that instead of berating people like me, they should go after these abusers and murderers and tell them to stop claiming to be acting in the name of Islam.

The people of Europe would do very well to listen to the admonitions of Lord Justice Wall. Maybe it’s not too late yet.

You can access the complete article on-line here:

Senior Judge Condemns Use Of The Word ‘Honour’ To Describe Abuse And Murder Within Muslim Families
Daily Mail Reporter
March 16, 2009