Dodd told CNN's Dana Bash and Wolf Blitzer that Obama administration… - Otisburg...OTISBURG!!!
Mar. 18th, 2009
Dodd told CNN's Dana Bash and Wolf Blitzer that Obama administration officials wanted the language added to an amendment limiting bonuses that could be paid by those companies. He said they were afraid that without it, the government would face numerous lawsuits.
On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.
As outrage over the AIG bonuses spreads and finger-pointing continues, lawmakers are trying to convince the public that it isn't their fault.