If Senators had not received so much money from AIG for campaign donations. Would they have received a bailout?
EXAMPLE: 66% of AIG's campaign Donations when to the Democratic Party.
Democratic Senator Chris Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.
YET, Dodd is ALSO on of the key responsible lawmakers for retrieving the bonuses?
How can we expect the Government to hold these Corporations Accountable when Politicians have received funds from Corps like AIG?
Answer by grlygrlz2 at 10:35 AM on Mar. 18, 2009
Answer by DDry at 10:40 AM on Mar. 18, 2009
Very well said DDry. Let me ask you this: How can we put Dodd in a key role in investigating and retrieving bonuses when he ACCEPTED money in the past from AIG? Isn't that a conflict of Interest? Do you think if enough people made a stink in Washington about it, we could bring about reform? Maybe find politicians who HAVE NOT received donations from ind. companies who rec bailout $ and put them in charge of oversight? There has to be a way to get more accountability and more oversight. I feel strong;y that if enough people called Washington and made a fuss about things like this, we could bring about REAL CHANGE.
Answer by grlygrlz2 at 10:45 AM on Mar. 18, 2009
We can't expect government officials to do the right thing, until they're caught with their hand in the cookie jar! And even then, they're primarily just publicly placating the people--saying what the people want to hear, while continuing to make closed door deals.
I'll bet a good many Americans had no idea that corporations such as AIG and organizations such as the National Education Association and the AFL-CIO contribute HEAVILY to their choice of political party (usually Democratic) or certain influential politicians (again, usually Democrats). This is what so many of them "bank" on!
We'll never see any of the bonus money AIG stole from taxpayers, because it was all rolled into Obama's stimulus package.
Answer by LoriKeet at 10:49 AM on Mar. 18, 2009
Answer by DDry at 11:00 AM on Mar. 18, 2009
Answer by foreverb3 at 11:05 AM on Mar. 18, 2009
Forever, what about the people who could afford their homes but lost jobs due to things they couldn't control like their company laying people off? If we all adjust our spending based on a possibility of being jobless, we would all live in a cardboard box. I am not saying this is the problem for all of the homeowners in trouble but a majority didn't do this in purpose. Also, if we let all of these places fail, our country would actually be in an even worse situation. You don't realize just how much these companies mean to our country and our stability.
Answer by DDry at 11:08 AM on Mar. 18, 2009
Answer by DDry at 11:10 AM on Mar. 18, 2009