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Naming Names in the Bailout Bonus Money “Scandal”

by | 2:44 pm, March 19, 2009 | 1 Comment

The thuggish behavior of the Democratic Congressional “leadership” has been on prominent display this week.  First, Senator “shameless” Chuck Schumer’s (D-NY) grandstanding and haranguing AIG executives on contractually obligated bonuses paid to their employees – ending with with a bald-faced threat to the AIG employees to cough it up – “or we will do it for you.”  An offer they can’t refuse?

Not to be outdone, Congress Barney Frank (D-MA) demanded the names of every AIG employee who received a bonus – not guaranteeing confidentiality, despite reported death threat to those persons.  Why?  What possible use could he have for the names, if not to engage in thuggish intimidation?

But the rot goes deeper: publicity-hound NY Attorney General Andrew Cuomo, who has more than a few skeletons in his own closet, is going after Merrill Lynch & Co employees who received bonuses in December – and may be publicly identified,  thanks to a ruling by New York State Supreme Court Justice Bernard Fried.  His rationale?  “employees can have no reasonable expectation of privacy in the information when they are free to share it.”  (Denver Post, March 19 2009, page 1B)  Talk about your twisted logic!  On that basis, NOTHING between you and your empoyer is “reasonably” confidential!

So they wanna name names?  OK, let’s name some names: 

  • Franklin Raines, received bonuses of $90 million (for Fannie Mae, the root of the current crisis)
  • Jamie Gorelick, received bonuses of $24.7 million (also for her “performance” with Fannie Mae)

Throw in a few tax-dodging cabinet appointees (Tom Daschle, Tim Geithner) and pretty soon you’ll be just about even with the money a presumably private firm paid under contract to it’s own employees. 

Not to mention the names of the assorted bullies, thugs, and tyrants  in Congressional “leadership” (Chuck Schumer, Chris Dodd, Barney Frank, et al) who’ve somehow forgotten that they work for us.  Why not give ‘em a call, or stop by their homes and offices, to remind them?  After all – we the people already have their names – and we know where they live (or work).

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Category: Capitalism, Economics, Liberty, Obama
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Comments

  1.   Captain Arapahoe
      March 19th, 2009 @ 10:03 pm

    Ikonoclast, you left out a name much closer to home: Representative Diana DeGette, Chief Deputy Whip.
    Seems that Rep. DeGette is “outraged” – OUTRAGED – “by this misuse of texpayer funds” and “demands” – DEMANDS – “that AIG return these bonuses.”
    Seems that Rep. DeGette doesn’t have much respect for the rule of law or contracts, either. Why not give her a call (locally 303-844-4988 or DC office 202-225-4531) or send her an E-mail http://www.house.gov/formdegette/zip_auth.htm and let her know about how you feel about her lack of respect for due process and the rights of individuals.

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