“Are You Kidding Me?”

Another Instantly Classic Shepard Smith Rant

One of the few good things on Fox News…

Meanwhile, CNN is mucking about trying to fathom the “huge mystery” surrounding the clandestine amendment inserted at the last minute by Sen. Chris Dodd (coincidentally, the number one recipient of AIG political contributions) into the stimulus bill legislation that modified it with regards to executive compensation — an artful contrivance that effectively created a loophole allowing the contentious “bonuses” to go forward. And why would that be? Well, the latest explanation seems to be that the unit dealing with credit default swaps was so impenetrably confusing to senior management of the company that it was necessary to retain the unique expertise of the traders involved to decrypt and unravel the very mess they’d created.

Uh-huh. A likely story… Sheesh! Who do these sleazy traders think they are — computer programmers, or something?

The plot thickens. By various twists and turns, a new (old) spin on the pre-February, 2009 carve-out in the stimulus bill emerges. Well, whatever. As I said yesterday, this whole AIG bonus fiasco is a piffling (albeit highly entertaining) distraction in the scheme of things.


5 Replies to ““Are You Kidding Me?””

  1. as for the Dodd amendment, see Greenwald’s post today…Geithner and Summers should be tarred and feathered (actually Summers should have been years ago, but that is another matter)

  2. Thanks for the link to that Greenwald article. The jury is out on Geithner and Summers in my book… at least for now. I think a bit more time is needed to take their full measure.

  3. The whole “you can’t break a contract” meme has a few holes in it, but he is right on point with the “it’s a distraction” meme.

    That said, it’s looking more and more like a distraction that’s going to exact a heftly toll on several A list politicians – including the big O himself.

  4. better fox than the crap on msnbc, your favorite propaganda station, things running down your leg again dum dum

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