According to CNN, he just admitted to inserting the loophole in the AIG stimulus that allowed for the bonuses. At least that's what I'm catching off the AP wire.

This is what happens when government(politics) gets involved in business. Obama and Dodd accepted lots of money from Wall Street for their campaigns; Geithner was part of Wall Street. At the very least, its a conflict of interest for any of them to deal with AIG and the rest of Wall Street. They knew about

the bonuses, they're faking their outrage. The taxpayers are being played.

http://www.salon.com/opinion/greenwald/2009/03/17/dodd/index.html

The imminence of the bonus payments is not the issue, or even a issue. The fact of the payments and the FACT that Treasury had insisted on language in legislation which would allow such payments is THE issue.

Treasury (and therefore the Obama admin) knew what they were doing the second they pushed Chris Dodd into making changes to the legislation to allow for such bonus payments. If the timing caught them off guard, well, so what? The takeaway is that they not only knew, they made it possible.

Geithner must go. In fact, everyone in the Obama admin who is an alum of Goldman, Merrill, Citi or any other Wall Street or banking industry giant that is in line to get taxpayer money must go. If we need bankers, get bankers...as in real bankers from small and mid sized banks that operate on nothing more than a regional basis. The "Masters of the Universe" we have now have proven themselves to be clowns.

In fact, the opposite of Dodd.

Read Greenwald and the linked articles.

I know it is the principal, but shouldn't Congress focus on the OTHER 99.99% of the money? Is it that hard to line item where that money went?

And specifically, why? Would Dubai have had a revolution if they didn't get a payment? (Frankly, would that be a BAD thing?) And specifically why are AIG and Citi too big to fail? Is all world industries dependent on the viability of those companies? Is these just a soft landings (as I hope) or do the Fed, Congress and the White House really think these are viable companies?

As much as the internet/blogosphere complains about MSM's investigative abilities, are they doing much better? I am pretty discouraged by the internet as a source of information. It doesn't seem to be much better than White House press releases and commenting on AP wires. At this rate, I think the LaRouchies were onto something.

I get why they insisted on it, to avoid getting bailouts bogged down in lawsuits. It can be viewed as a Catch 22 but a rather wimpy one. Let whoever wants to sue, sue.

The government is trying to bail out people who truly believe that the only things that are wrong in the pursuit of money are the activities that land them behind bars. They grab anything they can, and consider it beneath themselves to leave anything on the table, even if it leads to others' catastrophe.

They don't THINK outside of money.

Since they are all part of the same boy's club, it made the wimpy decision easy. You are right, unless Obama and Company are revamping the entire international monetary system for the good of all, Obama should get the boy's club out of there.

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To everyone else, sorry for my last post's grammar!

I am a numerologist and study building address numbers. They tell me the behaviors of people inside a building. We have a crisis on our hands with our Treasury.

US Department of the Treasure

1500 Pennsylvania Ave

Washington, DC

(Building Energy 6: There is nothing but friction between people working here, the energy is completely scattered, deceptive/illegal practices are going on, and affairs between people are rampant. People working here are primarily under 40 years old.)

The number "5" is linked to deceptive practices and unlawful activities.