The Mudcat Café TM
Thread #119402   Message #2592132
Posted By: Bill D
18-Mar-09 - 06:16 PM
Thread Name: BS: $100 million bonuses to AIG execs
Subject: RE: BS: $100 million bonuses to AIG execs
Dodd says the Treasury dept. added an amendment to the bill about 'abrogation of contracts', designed, as I (and he) understood it, to prevent problems...AIG officials just used it to 'justify' the bonuses. Dodd says he had no idea that the amendment was fraught with loopholes.

(paraphrased)