Word: democratic
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Dates: during 2000-2009
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...full-scale rebellion. Yet Geithner, embarrassed for discovering the bonuses so late, plans to dock AIG that much out of the next $30 billion in bailout funding when it is delivered - which amounts to a mere 0.1% of the total AIG has received. Assorted Senators, from New York Democrat Chuck Schumer to Montana Democrat Max Baucus and Iowa Republican Chuck Grassley, have proposed a number of tax and legal schemes to snatch back the bonus bucks from AIG FP executives - 73 of whom got payouts of $1 million or more, according to New York State attorney general Andrew Cuomo. (Read...
...possibly helping explain Treasury's leaden-footed reaction to the AIG bonuses, which were first reported in January. A former Treasury official blames Geithner for a "strategic hesitation that has really affected the confidence index, not just in the financial marketplace but in the political marketplace." A veteran Washington Democrat was more direct: "He's not a wartime consigliere...
...budget, a highly unusual move that would strip the bill from the usual committees of jurisdiction and give the program immunity from filibusters in the Senate. "I want them to having hearings. I want to lay it all out and look at it," Senator Ben Nelson, a Nebraska Democrat, said on Tuesday in explaining why he opposes the idea...
...suggestions managed to emerge from the sea of anger, though it remains to be seen how feasible any of them are. Senator Evan Bayh, an Indiana Democrat, said he'd like AIG to enter some form of bankruptcy, "because when you go into bankruptcy, contracts are abrogated all the time." He was referring to AIG CEO Edward Liddy's claim that the bonuses were contractual and therefore had to be paid under the law. (See the top 10 bankruptcies...
...Politics Director’s Dinner. Shirley Temple in hand, you prattle on with a state representative’s chief of staff. As he gushes about Governor Deval L. Patrick ’78, you realize—surprise, surprise—he’s a Democrat. Do you tell him you think Patrick’s speeches sound as corny as a 1950’s jingle? No, you just smile and nod—no reason to rock the boat, you think...