Word: congressman
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...Bloomberg News reported that AIG has offered "about $450 million in retention pay" to the AIG FP staff, a program that AIG confirmed. Representative Elijah Cummings, a Maryland Democrat, knew about the bonuses two weeks earlier, on Jan. 15, when he met with Liddy, and the Congressman never kept his displeasure secret. Nor was he alone in raising alarms. In January, Richard Shelby, the ranking Republican on the Senate Banking Committee, called the bonuses a "waste of taxpayer money...
...House, Congressman Gary Peters of Michigan was circulating a similarly confiscatory levy. But House Banking Committee chairman Barney Frank was not about to be bothered with such legislative niceties. He pointed out that the U.S. government - after pledging more than $150 billion in aid to the company - owns 79.9% of AIG. He told reporters, "I think the time has come to exercise our ownership rights. We own most of the company. And then say, as owner, 'No, I'm not paying you the bonus. You didn't perform. You didn't live up to this contract.'" (See how financial madness...
They are an odd couple politically: a liberal Democratic Senator from the Pacific Northwest and a conservative Democratic Congressman from the South. But Oregon's Ron Wyden and Tennessee's Jim Cooper are convinced they have the answer to the nation's health-care crisis - if only they could get the key players on Capitol Hill to give their radical plan a hearing. "There's a real opportunity for a philosophical truce here that you didn't have in 1993," the last time Washington attempted to overhaul the health-care system, says Wyden. "Republicans, who didn't accept the idea...
...Certainly, there was some undeniable racialism—Georgia Congressman Lynn Westmoreland calling Obama “uppity,” rabid left-winger Ralph Nader referring to him as “Uncle Tom,” and the ever-clever rhymesters at Fox News calling Michelle Obama “Obama’s baby mama” come to mind. But Dickerson’s assertion that for “a lot of voters... when you talk about experience with respect to Obama, that’s code for people’s continuing uncomfortableness about...
...staffers who may come under scrutiny in the Leahy and Feinstein investigations, there's some consolation in the fact that their new boss is in their corner. Former Congressman and Clinton White House chief of staff Leon Panetta has promised to cooperate with Congress, saying, "I think that we have a responsibility to be transparent on these issues and to provide them that information." But during his confirmation hearings by Feinstein's Committee, Panetta made it clear he doesn't support the prosecution of CIA staff involved in detention and interrogation of terror suspects, saying they were simply following guidelines...