Call in the reserve team
Why can't you find a single government official who will claim responsibility for those bonuses? Now it's Holbrooke, in addition to Dodd, Frank, Pelosi, Bernanke and Geithner who didn't know. Tweet! Is there anyone left on the bench to call to the floor?- WASHINGTON (AP) — Obama administration special envoy Richard Holbooke was on the American International Group Inc. board of directors in early 2008 when the insurance company locked in the bonuses now stoking national outrage.
Holbrooke, a veteran diplomat who is now the administration's point man on Pakistan and Afghanistan, served on the board between 2001 and mid-2008. During that period, AIG undertook the aggressive investment strategies that led to a near-collapse and forced a multibillion-dollar federal bailout.
President Barack Obama has insisted his administration was not responsible for AIG's financial woes, and a White House spokesman said Thursday that Holbrooke was unaware of AIG's decision to award retention bonuses to key employees.
"Mr. Holbrooke had nothing to do with and knew nothing about the bonuses," spokesman Tommy Vietor said.
1 comment:
It's amazing that they want to cancel bonuses that will be spent revitalizing the economy in restaurants, retail stores, auto lots, mortgage payments, babysitters, vacations, etc. What do government workers think AIG employees do with their money?
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