Outraged At The Outrage

  • Like most Americans, I’m outraged at the retention bonuses that AIG is planning to pay some of it’s top executives using our taxpayer/bailout dollars. But what I’m more outraged at is the feigned outrage coming from the President, the Treasury Secretary and the architects of this crisis; Rep. Barney Frank and Senator Chris Dodd. Do you mean to tell me that these four men, who were the framers of these bailouts, didn’t know that these contracts existed before they gave AIG the money? If that’s true, they should all resign immediately. If they’re that incompetent they shouldn’t be in positions of leadership.

    The sad truth is that they probably knew all about it, but hoped that the public wouldn’t notice. Now they’re doing damage control. Barack Obama, Chris Dodd and Barney Frank were top recipients of lobbyist money from companies like Fannie Mae, Freddie Mac and AIG over the past 10 years, could there be some correlation? There is plenty of blame to go around for this crisis, on both sides of the aisle, but the Democrats have control of both houses of Congress and the White House.

    What happens now and for at least the next two years, is in their hands. They’ve passed up chances to really change the way things are done on earmarks, the budget and bipartisanship. They have another opportunity here. Stop pretending to be outraged and just fix the problem. Admit your mistakes, learn from them and move forward. That would be change we can believe in.

    Steven Rosenblum

11 Comments

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  • retirednavywill

    March 18, 2009

    Add that to the fact that guys like Franklin Raines, who ran Fanny (Freddie?) and got fired still got to keep his $90 million in bonus money.

    Where is the outrage there?

  • American Confucius

    March 18, 2009

    Moreover, it was Dodd’s bill that permitted the retention bonuses. Dodd continues to insist that he did not know about it. So now we’re left with our Congressmen not even knowing what’s in their bill. No accountability.

    Let’s not forget that Dodd’s father, Tom Dodd, also a US Senator, was nearly impeached by the Senate for diverting over 100 grand (1960s dollars) in campaign money for his own use. Apparently the apple really does not fall far from the tree.

  • Steven Rosenblum

    March 18, 2009

    You’re quite right about Dodd. He’s also the one that got the sweetheart mortgage from Country Wide. He knew about the bonuses. He and Frank were probably one of just a handful of congressman and senators that actually read the bill before it was voted on, since they essentially wrote the law.

  • Blackwood

    December 26, 2015

    It sickens me to see the media like Suze Orman, Jim Cramer, CNBC, CNN, and all the tkinlag heads carry on now about who was watching the lenders devour the sheeple. It was back in 2004 & 2005 when I knew something dreadfully wrong in the mortgage industry and wasn’t getting any answers from the financial MSM. Feeling starved for the truth, I turned to the internet to find alternative sources for news and information. That is how I found Housing Panic and more. The media was just as guilty as the government for allowing this to go on. I hope they all lose their reputations. Suze Orman had plenty of opportunities to warn her audience and did not until things already unraveled. Either I was smarter than her to see this meltdown coming before she did (which I doubt, I suspect I am more ethical than her but I doubt smarter) or she was afraid to say anything because her show would be in jeopardy. So she chose to be quiet when she should have been speaking up and needs to point quite a few fingers back at herself.

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    April 28, 2016

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  • http://www.sorethumbsblog.com/

    April 28, 2016

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    April 28, 2016

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  • http://www.katie-mcmanus.com/

    May 12, 2016

    Wichtig ist, die Klagemauer begann wirklich als ehrenwerte Aktion. Auch ich habe noch in den 90ern das Konzept sehr gelobt. Es war eine spannende Form der Demo. Aber die Einseitigkeit seit spätestens 2004 ist echt erschreckend. Und außer ein paar Wochen mal Hiroshima macht Herrmann nichts weiter als Israel verteufeln. Es ist schon echt unschön.

  • http://www./

    October 23, 2016

    Saying “no” … the age old question The more I practice the better I get (at saying no!). Instead of saying no for extracurricular activities I try to give my children a choice, such as: You can only participate in 2 things, which would you prefer to do? However, I will admit that sometimes I waiver – especially if it is an activities that is a 1-3 time commitment. I am totally stealing Angela’s comment on this post that maybe “balance looks more like chaos!”

  • http://www./

    October 24, 2016

    Megan Richardson – What beautiful pictures .. Sam you look gorgeous as always .. its always wonderful doing your hair.. I’m glad it looked amazing for your shoot!!

  • dinero rapido glenwood

    October 25, 2016

    barcode.If anyone works for the government or Wal-mart and has to power to make this happen, I am happy to waive my rights for having this common sense idea and you can keep the bonus for yourself. I don’t want money, I just want the friggin’ cashier lines to move.