Wednesday, March 18, 2009

And this is your excuse...we really didn't know? AIG tale grows ever more iconic of OBAMA

ABC NEWS:

Obama Administration: We Didn't Find Out About AIG Bonuses Until This Month

March 17, 2009 7:18 PM

Sources in the Obama administration Tuesday said that despite previous media reports administration officials did not know until a couple weeks ago that the officials of the controversial AIG Financial Product Division were set to receive $165 million in bonuses on March 13.

It wasn't until Thursday, March 5, 2009, administration sources told ABC News, that officials of the Federal Reserve Bank of New York informed officials of the Treasury Department of the full extent of the $165 million in bonuses pending for the controversial Financial Products Subsidiary.

This was three days after the Obama administration had already announced a new commitment of an additional $30 billion for AIG.
Better to just say, 'look, we hate this, but these are contractual obligations, let's have a debate over not sending another cent their way'
Even BLAME BUSH would have been a better answer.

WE DIDN'T KNOW?

What do they imagine are the things they might be expected to know?

No comments: