AIG Bailout, Bonuses and Bullsh!t

The Treasury (Timothy Geithner's) Department knew about the impending AIG bonuses for months.

Lawmakers outraged at bailed-out American International Group's move to pay $165 million in executive bonuses are turning their fire on the Obama administration, asking why top officials didn't act to prevent the pay-out earlier.

"It seems like they are an administration in disarray," House Minority Whip Eric Cantor, R-Va., said Tuesday.

Sen. Richard Shelby, R-Ala., suggested Treasury Secretary Timothy Geithner does not have a handle on the AIG matter.

"We need to find out when these bonuses were approved and more than that, when they were contracted for. And who knew this?" said the ranking Republican on the Senate Banking, Housing and Urban Affairs Committee. "Did Secretary Geithner know and look the other way?"

The senator, a harsh critic of the Treasury's bailout program known by its acronym "TARP," or Troubled Assets Relief Program, said members who voted for the program bear some blame, but he put much of the fault at Geithner's feet.

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President Obama Gets Choked Up With Phony Anger...

Update! (More BS)
After denying having anything to do with crafting language in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses, Sen. Christopher Dodd admitted that he and the Treasury Department were responsible for the loophole. See Here...

Dodd blames the administration for making him do it. See Here...

There's a whole lot of Phony Anger going on out there.