Kurt Nimmo
March 19, 2009

Senate Banking Committee Chairman and CFR member Christopher Dodd played the blame game yesterday. He passed the buck to the Obama administration, telling Bloomberg the Obama administration instructed him to insert a provision in last month’s $787 billion borrow and spend “stimulus” legislation allowing AIG to provide lavish bonuses to its executives. Dodd said he did this without realizing the change would benefit AIG, whose recent $165 million payment to employees has created public anger.

Dodd and Bernanke
Senate Banking Committee Chairman Chris Dodd buddies up for a photo op with his boss, Federal Reserve mob boss Ben Bernanke.

“I did not want to make any changes to my original Senate- passed amendment” to the borrow and spend bill, “but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG,” Dodd declared.

If you believe this, you may also believe that I have a bridge for sale in Brooklyn.

“Let me be clear — I was completely unaware of these AIG bonuses until I learned of them last week,” the senator added, attempting to save his posterior. Dodd said the Treasury Department told him not including the giveaway would result in a “flood of lawsuits,” according to Fox News.

Dodd expects us to believe he was unaware of the AIG bonuses at the time the bill was being written back in early February. And yet the so-called “retention-payment program” was widely reported on more than a year ago, as Media Matters noted on March 18. “For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn’t until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back,” reported the Associated Press.

Dodd says he "inadvertently" signed off on the outrageous AIG bonuses.  

In other words, Chris Dodd is either brain-dead or telling a fib to save himself from the wrath of public outrage. He should step down as Senate Banking Committee chairman.

Obama’s chief economic adviser Larry Summers — the CFR member involved in massive government bailouts, manipulation, and intervention in domestic and foreign markets over the past two decades — told the Associated Press Tim Geithner — former president of the Federal Reserve Bank of New York, Senior Fellow in the International Economics department at the Council on Foreign Relations, and member of the globalist Group of Thirty — to move “aggressively and immediately” to “recoup whatever could be legally recouped” from the AIG executives.

In short, the Obama administration is in damage control mode.

Obama has gone so far as to tell a big fat lie about the AIG bonuses. “Sources in the Obama administration Tuesday said that despite previous media reports administration officials did not know until a couple weeks ago that the officials of the controversial AIG Financial Product Division were set to receive $165 million in bonuses on March 13,” reports Jake Tapper for ABC News. It was all the fault of the Federal Reserve, administration sources complained. “It wasn’t until Thursday, March 5, 2009, administration sources told ABC News, that officials of the Federal Reserve Bank of New York informed officials of the Treasury Department of the full extent of the $165 million in bonuses pending for the controversial Financial Products Subsidiary.”

It is obvious what is going on here — so arrogant are the banksters and their minions at the highest levels of government, they sincerely believed they would be able to shower their buddies at AIG with a landslide of free cash and the American people would be none the wiser. Now they are in damage control mode and desperate for the fallout to blow over so they can move on with additional scams and rip-offs.

[efoods]Obama’s facile comments about AIG’s “recklessness and greed” will not float with the American people. Earlier in the week, Republican Senator Charles Grassley attempted to gain a bit of mileage on the scandal by stating AIG executives should resign or commit suicide, yet another bit of crass sensationalism that will do nothing to solve the problem of a parasitical Federal Reserve sucking on the life blood of the people.

Senate majority leader Harry Reid’s “ultimatum” to AIG — renegotiate the contracts or else — is mere grandstanding and a transparent public relations stunt. In fact, Congress needs to take a real close look at the bankster created and dominated Federal Reserve. Congress needs to abolish the privately owned cartel of thieves and prosecute those responsible for taking down the economy and subjecting millions of people to ruin and misery.

Short of this, the people may eventually storm the castle with pitchforks in hand.

The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!

Related Articles