Mar 19, 2009 ... Senate Banking committee Chairman Christopher Dodd told CNN Wednesday  that he was responsible for language added to the federal stimulus bill to ...  Treasury Department official says administration pushed for the language; AIG  under fire for doling out big bonuses after taking bailout money; Rep.
The AIG bonus payments controversy began in March 2009, when it was publicly  disclosed that the American International Group (AIG) insurance corporation was  going to pay approximately $218 million in bonus payments to employees of its  financial services division. AIG is notable for having received taxpayer bailouts ...
Dec 13, 2009 ... The president has packed his economic team with Wall Street insiders intent on  turning the bailout into an all-out giveaway. ... the candidate to a host of heavy  hitters - chief among them his mentor Bob Rubin, the former co-chairman of  Goldman Sachs who served as Treasury secretary under Bill Clinton.
According to CNBC commentator Jim Cramer, large corporations, institutions,  and wealthy investors were pulling their money out of bank money market funds,  in favor of government-backed Treasury bills. Cramer called it "an invisible run on  the banks," one that has no lines in the lobby but pushes banks to the breaking ...
Dec 29, 2009 ... Back in February, Senator Christopher Dodd, the Connecticut Democrat who is  the chairman of the Senate Banking Committee, inserted what is now called the  Dodd amendment into the President's economic stimulus bill. A provision in that  amendment limited any bonus compensation to 50 percent of the ...
Senator Chris Dodd, chairman of the Senate Banking Committee, placed an amendment in the ‘stimulus’ bill that allowed for banks bailed out with taxpayer money — including AIG — to hand out huge bonuses.