You may have read my recent article covering the horrifying revelation that Sen. Christopher Dodd slipped in a last-minute amendment to a spending bill allowing for AIG to pay out $165 million in bonuses, while having been the recipient in recent months of $170 billion in bailout money. In my prior article, I accused Sen. Dodd of being a liar and a corrupt politician. I stand by my earlier comments. In the past 24 hours it has come to light that our new Treasury Secretary, Timothy Geithner, admits to having pressured Sen. Dodd to insert this provision into the spending bill. I am not a conspiracy theorist, but one has to wonder why our Treasury Secretary would have any interest in executives at AIG receiving their bonuses? You would have to think that with all of the serious financial problems we are facing, that this guy would not have two seconds to deal with something like this. We are being told that our current economic crisis is the worst we have faced in our nation’s history. Stop for a moment and consider why our Treasury Secretary would take such a special interest in this AIG bonus issue? This would be like a fireman evacuating people from a burning hotel, but stopping first to make sure he gives a proper gratuity to the doorman on his way in.
Something simply does not add up here. I don't give Christopher Dodd a pass for one second on the basis of being pressured by Geithner. On the other hand, it really begs the question of why Geithner was advocating for executives of AIG? It raises an even larger, more hideous question about why AIG has been getting billions of dollars of bailout money over all of these months? I hate to be cynical, but these things always come down to money. It makes sense to me at one level why Christopher Dodd would advocate for a company based in his home state and that has given him hundreds of thousands of dollars in campaign contributions. I clearly see, and understand his corrupt motives. There is no difference here between this set of facts on Dodd/AIG and the recent scandal with the former Illinois Governor. The involvement of Timothy Geithner seems much different to me, and potentially more evil. Treasury Secretaries are not elected, they do not grovel for political donations, and would seem to be above doing such special favors. What is the connection between Geithner and AIG? What influence do they have over him? I can't help but follow the simple logic of Watergate, follow the money. We already know that Timothy Geithner is a man of questionable character based on how he handled his own personal taxes. I, for one, never thought he should be trusted with such a high position when questions about his integrity seem unresolved. Is there a conspiracy? Does AIG have some special connection to high powers within our government? Dare we ask such questions? I remain suspicious about why AIG has been able to obtain nearly $200 billion from our government. Am I the only one here with wondering?
What do you think? Please add your comments below.
James L. Paris Editor-In-Chief www.ChristianMoney.com
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We are being duped. Do you know why?
Posted by: Foxwood | March 20, 2009 at 11:19 AM