Friday, March 20, 2009

Video: Congress, Geithner Knew About Bonuses On March 3rd

From Hot Air:

Tim Geithner and Congress claim that they got blindsided by the AIG bonuses late last week, before anyone had a chance to stop AIG from paying them. However, C-SPAN’s video library tells a very different story. Watch the clip from a March 3rd hearing of the House Ways and Means Committee in which Rep. Joseph Crowley (D-NY) specifically mentions the upcoming payouts of over $162 million in bonuses to AIG execs, the very same number that inflamed Washington DC this week:

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My Comment: Tim Geithner mentioned that he only learned about knowing the AIG bonuses on March 10. But on this video .... dated March 3 .... it clearly shows that he knew about AIG bonuses much earlier. The fact that it is a Congressman in a Congressional committee asking the question tells me that Congress must have learned about this bonus system before March 3.

So why all the hot air from Congress this week?

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