TPMtv: Sunday Show Roundup: Whatcha Gonna Do?

Your Daily Politics Video Blog: National Economic Council Director Larry Summers, White House Council of Economic Advisers Chair Christina Romer, and Representative Barney Frank (D-MA) all feel the same anger and outrage over the fact that insurance giant AIG has payed out hundreds of millions in employee bonuses after receiving some $170 billion in taxpayer bailout money. But can the government actually do anything about it? We find out in today's Sunday Show Roundup.

Category:

News & Politics

Tags:

• politics
• video
• blog
• larry
• summers
• christina
• romer
• aig
• bonus
• bailout
• frank
• outrage

[Richardgwm]

Any company that is "too big to fail" must be broken up.

[PersonalJesus348]

off with their fucking heads!

[cyanzone]

Declare force majeure as we are in an financial tsunami of bad debt. AIG is a candidate for FICO.

[whoo689]

Detractors fail to see that this financial crisis was caused by a mix of deregulation in one place and asinine government regulation elsewhere. They just wanna blame Wall Street, either because they're subconsciously jealous of them and their profits and economic power, or they're egotistical Congressmen who just love to point fingers and feel important.

[whoo689]

I also find it funny and yet sad that, while everyone is blaming Wall Street, no one sees the elephant in the room: the hidden hand of government that caused much of this crisis. I mean, what about all that gov't encouragement of subprime lending and idiotic institutions like Fannie and Freddie? What about giving banks EXTRA money, which led them to lower standards? What about Fed actions that shielded individuals and companies from bad decisions in the past? Or the 1999 Clinton bill.

[whoo689]

To be honest, I really could care less about this crap. This is silly. We got more important things to worry about than AIG giving less than 1% of bailout funds in bonuses. Yes, it sucks, but in the grand scheme of things, it's like number 80 on the list.

This is just a way for angry welfare liberals and "progressives" to foam at the mouth and bitch and whine at big business, you know, the "evil" businessmen who are "driving the middle class into the ground" and all that unfactual bs.

[whoo689]

The people whose heads should be off are the crooks in Washington who gave our money to these banks and passed the idiotic $700 Billion bailout and that tax cheat Tim Geithner who wants to give (or has given) the banks ANOTHER 1.3 trillion. Or 2 trillion, whatever the fuck the number is now. All I know is it's more than I'll ever make.

You can bellyache about AIG giving taxpayer money for bonuses, but when it comes down to it, Congress is the body that gave them the money in the first place

[whoo689]

Once again, economic idiots are running the debate. The inmates running the asylum. Look, regardless of how you feel about the bonuses, $165 Million of $170 Billion is less than 1%! So they spent 1% of their bailout money on bonuses. Big fuckin deal. And who's to say they actually used bailout funds for the bonuses? How do we know the AIG people didn't have an extra $165 million stashed away somewhere in their own accounts?

Has a gov't agent ACTUALLY confirmed this? Or is it hot air?

[Chick6517]

LOL subscribed! A much eaiser way to beat it is to get into the closet on next to the first aid kits. It has 1 point of entry and with four people

[djgaryman]

I love the false outrage of this administration.

Bullshit.