Why is this news now and not months ago when it was news?
It seems ridiculously obvious there was a "moderate" calculation by the administration to placate the pro-business class and avoid future socialist name-calling by the republicans by not outlawing excessive compensation to a company 80% owned by the people. Right or wrong be dammed, its cheaper to pay then pay for lawsuits we're told. We on the left don't want to discuss this or mention it. Same as Murtha's shit, we ignore pleas from Kos to make it a big issue and set ourselves up for a too-quick fall from power. Needlessly.
Mr. Liddy heads the board of AIG as well as being CEO. The board is paid and paid well via compensation. If Liddy wants to boast about his $1 salary and that he's a good guy in all this, newsbrokers need to ask him if he is accepting the board compensation and about his deferred intensives.
After Mr. Emanuel left banking to run for Congress, members of the securities and investment industry became his biggest backers, donating more than $1.5 million to his campaigns dating back to 2002, according to the Center for Responsive Politics.
Mr. Emanuel also leaned heavily upon the industry while he was chairman of the Democratic Congressional Campaign Committee during the 2006 midterm elections. Financial industry donors contributed more than $5.8 million to the committee, behind only retirees.
Friends of Mr. Emanuel’s from his private-sector days said he still checks in with them regularly to plumb their insights on economic issues.
NYTIMES.COM December, 3 months ago.
This breaks my heart as Rahm has always been one of my favorite members of our team. But I think there is a stink on all of this that will be devastating if we wait for the other side to 'spring' any revelations on us in the lead up to future elections.
Is there any connection? I don't hope so, am not so sure if I think there is, but this is one of those things I do think we should understand much better than the republicans will.