Arianna appeared on "Larry King Live" tonight to discuss the national outrage over the bonuses distributed by AIG and the Obama administration's handling of the situation. Co-panelists included Ben Stein, GOP Congresswoman Michele Bachmann and Democratic Congresswoman Jackie Speier.
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President Obama has taken responsibility for the failure of those in his Administration that dropped the ball and allowed a bill that would cap retainment bonuses to slip through their fingers.
We must continue to raise our voices to keep these criminal Executives of AIG and other financial Institutions who raided the hard earned money that law abiding citizens worked for and put away for retirement.
Our money was all gone in a moment through the shady business dealings and yearly money grabs
that pillaged us into oblivion. My husband and I don't even mention our 401k because it took an
unbelievable hit so we do the next best thing by being proactive and let our voices be heard.
Whatever happened to people like my Grandfather, an Honest Banker, who lived through the Depression and would not go home until every penny was accounted for even if it was Midnight!
Now we do allow "Off-the-Books" accounting by these WS Banks! And other violations of accounting practices!
He did not risk people's money on stupid Bets or Over Leveraging and he worked until he was 75 and was never called Corrupt and was respected by everyone he knew.
Where is that kind of Banker?
Who the HECK are these people on Wall Street that feel America OWES them $TRILLIONS to repair their TOXIC WASTE and pay their $Multi-Million incomes?
AS
RUMSFELD WAS TO BUSH
The president needs to show that he can do what the people want in this case and stop the bailout of the banks and Wall Street.
But along comes a bonus pool comprising 0.08% of AIG's package and holy he// is let loose?
Puhlease, there are bigger fish to fry.
I second his call for the dismissal of Tim Geithner, I know Mr. Nader would never suggest himself for the position, but he is exactly the man who should be heading up this mess. One thing is sure, if Mr. Nader were the man in charge, American Citizens would not be the ones being hosed by this fiasco.
President Obama needs to clean out the Corporate criminals that infest the bailout project.
I am not pleased with the fact that President Obama has allowed the ones who got us into this mess to now be allowed to make the rules on how to get out. It's OK to admit a mistake. Do it, and bring in a true investigator like Ralph Nader to deal with these criminals. My 2012 is on the line for you, President Obama.