AIG Hearings: A show trial that would make Stalin smile – Update: Frank is not impressed with death threats against AIG employees

Posted by NosferatusCoffin | March 18th, 2009

Well, it has been a few weeks since the Socialist Politburo (aka the Democrat party) had their last kangaroo court in session and with the mock “outrage” over the bonuses paid out to certain AIG employees, that means it must be time for another episode of:

STALINIST SHOW TRIAL…

And your host, Rep. Barney AIDS, (Homosexual Pimp & Racketeer – MA)

Michelle Malkin has been liveblogging this sham. Here are a few highlights.

11:41am. First q: Why not return the bonuses earlier?

Liddy: We “blindly follow[ed] legal advice.”

Q: Why wasn’t committee informed of retention bonus return plan? Why not make payments on Saturday night?

Liddy: No intent to deceive. We had been discussing this with Hill staff.

Q: But not my staff?…and not Treasury Secy.

Liddy: No. Not with Treasury. Only Federal Reserve.

Q: Are you aware of TARP funds about to run out?

Liddy: Well aware.

Liddy: I talked to Treas. Secy last week and he said the first he’d heard about [bonus issue] was a week ago.

12:00pm Eastern. Frank demands names of execs who didn’t return bonuses. Will subpoena them. Liddy wants confidentiality. Frank refuses.

Liddy reads death threats against execs and their families. Frank flippantly says everyone gets those threats.

The execs are NOT public figures.

Frank dismisses threats as not specific.

So, all of these AIG employees should have their names, addresses etc be leaked nationally and then have the DNC Media Joe-the-Plumber them. In other words, a media napalm enema. God, I hate these Marxist bastards. 2010 cannot come soon enough.

And speaking of that, if the RNC was really worth a damn, they would start a national House and Senate campaign, ala the Contract With America. Maybe name it 100 For the GOP, since the GOP has the chance to completely destroy the Dem majority in both houses, if they really put their mind to it.

Instead, of course, we have a bumbling fool who is more worried about Rush Limbaugh, political cartoons and affixing his lips to the donkey’s ass than about actually doing his job.

At least Code Pink got bashed a bit. Though it was more for show than anything else. Also, can anyone tell me what nursing home the Dems keep raiding, ala ICE to get these dried-up old Marxist prunes from?

And a little later:

12:19pm Eastern. Liddy: “There was great angst over bonuses during meetings with NY Federal Reserve.”

Ackerman: Will you cooperate with Cuomo’s subpoena of names of execs who didn’t return bonuses?

Liddy: We’ll do the right thing. Our intent is to comply with the subpoena.

Q: The NY Federal Reserve should be called to account. Congressman pushing receivership idea. Wants chart of future compensation plans. Wants all docs given to NYFed Reserve.

12:40pm Eastern. Democrat Rep. Capuano says he’s not against bonuses, just against bonuses for people who created the problem.

Well then, I’m sure he will return his automatic pay increases this year!

Indeed, and they also return all of those extra paper clips, postage stamps and girlie mag …errr Time/Newsweek subscriptions that litter their offices.

UPDATE:

From TheHill.com: (via Michelle Malkin)

House Financial Service Committee Chairman Barney Frank (D-Mass.) wants the names of AIG employees who refuse to return at least some of their bonuses, and lawmakers appear split on the request.

“I’m now asking you to send us the names of people receiving the bonuses who are not paying them back,” Frank told AIG Chairman and CEO Edward Liddy during a Wednesday hearing.

Frank said if he did not receive the names he would move to ask his committee to vote to subpoena the names.

Liddy said that he “very much” wants to comply with Frank’s request, but said he feared for the employees’ safety.

“I would hope it doesn’t take a subpoena,” he said. “I’m just really concerned about the safety of our people.”

Liddy read from one threat: “‘All of the people should be executed with piano wire around their neck,’” he said.

Some Senate Republicans sympathized with Liddy’s concerns about potentially exposing the executives to public harm.

“My gut reaction is that there’s so much rage, I don’t want any violence taking place,” said Sen. Sam Brownback (R-Kan.). “I’ve got to be a little tempered in my response. But I do think they should either return the money or be fired.”

Sen. Bob Corker (R-Tenn.), a member of the Senate Banking Committee, said public anger should be focused instead on the Treasury Department, which knew about the bonuses. “The administration could have easily dealt with this,” Corker said.

No sh*t, Sherlock. This is the biggest and most ridiculous setup and “outrage” since the Duke Lacrosse case. We should use some of that “stimulus” to build a 535-room federal prison on Christmas Island and have the DOJ conduct an ICE-like raid…now THAT would be money well spent.




Filed Under: Bailouts, Congress

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