Word: chairman
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Dates: during 2000-2009
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Already, House Energy and Commerce Committee chairman Henry Waxman has told environmental groups that while he aims to have the greenhouse-gas legislation they have pushed hard for ready by Memorial Day, he'll be competing with House and Senate working groups aiming to have a health-care-reform bill done at about the same time. (See pictures of how global warming is changing the face of the planet...
Senate Banking Committee chairman Chris Dodd suggested one of the more severe solutions: that the government tax 100% of the bonuses, thereby recouping the losses. It may have been overcompensation, so to speak, on Dodd's part. The National Republican Senatorial Committee was quick to point out that Dodd had amended the stimulus plan to make a specific "exception for contractually obligated bonuses agreed on before Feb. 11, 2009." That exception gives cover to the AIG bonuses - though it should be noted, as Dodd's aides do, that the Senator did not know about the AIG bonuses at the time...
...that ended with AIG posting a $61.7 billion fourth-quarter loss, the largest quarterly loss in corporate history. (If it is any consolation, senior managers in the financial-products division will make about 43% less in 2008 than they did a year earlier, according to the company.) As Fed Chairman Ben Bernanke put it, "It makes me angry. I slammed the phone down more than a few times discussing AIG. I understand why the American people are so angry. It's absolutely unfair...
...conservative candidate, but Tehran mayor Mohammed Baqer Qalibaf has signaled his intention to run, and there has also been talk of a presidential bid by former Foreign Minister Ali Akbar Velayati, who carries the backing of such powerhouses in the pragmatic centrist ranks as former President Akbar Hashemi Rafsanjani, chairman of the clerical body that elects the Supreme Leader...
...expect no respite from controversy. On Wednesday, for example, Paul E. Kanjorski, chairman of the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, will hold a hearing likely to raise even more questions about the company. In a statement, Kanjorski said, "Unfortunately, taxpayers do not understand how AIG ended up in such a terrible situation, nor do they understand why the Federal Government continues to give it money." It was not clear whether AIG executives would attend the hearing...