CONNECTICUT AG THINKS EMPLOYEES OF PUBLIC CORPORATIONS HAVE A DUTY TO SERVE PUBLIC INTERESTS AND CONTRACT LAW SHOULD BE IGNORED?
It is amazing that the top lawyer and law enforcement officer in Connecticut claims that the AIG contracts, executed in New York and paid to Connecticut residents, should be ignored as employees of a public company are now apparently required to serve the public interests …
I wonder if he holds politicians, himself included, to that standard – as they do have a sworn duty to uphold the public interests as specified in the Connecticut and United States Constitution.
Watch Glenn Beck put democrat weasel, Connecticut Attorney General Richard Blumenthal, on the hot seat …
Beck on the AIG bonuses …
GLENN: They are their bonuses. They earned that money. What right, what law did they break that gave you the ability in Connecticut to go after those bonuses?
BLUMENTHAL: Well, let's take it one step at a time. The money they received came from us, the taxpayers.
GLENN: Oh, I know how this works. I'm asking you, sir. You're the attorney general. I'm asking you for the law that they broke that gave you the ability. Are you not the defender of the law in Connecticut?
BLUMENTHAL: The law that they broke
BLUMENTHAL: is the law that requires that they serve the public interests, that bonuses that they
GLENN: What law is that? Wait, wait, what law is that, sir? You're the chief law enforcement officer. What law say that again? I don't recognize that law. It sounds like a good policy. It sounds like a good rule of thumb but I'm not sure I recognize that law. Could you give that to me again?
BLUMENTHAL: Well, you know, again these funds belong to us, the taxpayer.
GLENN: No, no, sir, look, you know what you've done? You know what you've done? You have you are an insult to George Washington, sir. George Washington made it very clear that we are a respecter of laws, not of men. For your own political gain you have decided to go after these people at AIG because it is a popular thing. And while I may agree with you that it is obscene, I would like to know, sir, not what's right as a rule of thumb, not what makes us feel good. You, sir, are to protect people and to stand for the law in Connecticut. So again I ask you, sir, what law gave you the right to go after them, what law did they break?
BLUMENTHAL: Well, I think you're wrong in the basic premise. We're not going after any individual. We're asking the United States
GLENN: They are undeserving of it?
BLUMENTHAL: against them. They are not deserving this money.
GLENN: What right do you have to say the people that worked for $1 a year
GLENN: Stop, stop, stop, stop.
GLENN: How dare you. This just makes my blood boil. How dare you. There is a contract. There is a contract. Just as I have a contract with my mortgage company and I am required by law. And if I don't honor my contract with my mortgage company, these weasels will send the sheriff out to kick me and my family out of the house. "Well, they didn't deserve it. These banking people, they didn't deserve to have my mortgage. They aren't very good. Look how much trouble they're in." No, I have a contract and so I honor that contract because if we don't honor the contracts, then all of society breaks down. They didn't deserve it. I'm sorry. It's in the contract.
Most of these people were working and this didn't come out in the press. Most of these people were working for $1 a year. They stayed on because they were begged by the government, "Please help us. Please help us. We don't even understand how to unwind these things. Please help us." The dirtbags that caused it, most of them are gone. For some reason or another we're not seeing anybody grabbing them. Nobody in the media, nobody in congress. They're busy talking to the executives, Liddy, who was their pick! They are busy talking to him who's also working for a dollar so they can accuse the other people they begged to stay on who were also working for a dollar. And all they said was could we please just get our pay in bonuses?
Now, people don't understand bonuses on Wall Street. Neither do I. I get it; fine. But most people, because of what congress did in the 1990s with Bill Clinton and said these salaries are too high, what they did was make everybody stop making big salaries. So they make small salaries and then they get paid in bonuses at the end of the year. I've never lived in a place where when I bought my house, I live because of New York and Connecticut, it's all banking. It's all financial. It's all of this stuff. And when I went to get my loan for my house, they said, how would you like your payments. And I said, as small as possible. And they said, no, how would you like them structured; when do you want to pay them. And I said, oh, I don't know, honey. On the 16th? When do you think? And I said, what are our options here? Because he looked at me like I was a foreign life form. And he said, well, a lot of people pay it once a year. I said, what? He said, yeah, a lot of people, because their pay structure, they make a very small salary during the week or during the year and then they make all of their money at the end of the year and so they get one lump sum payment at the end of the year. I said, you've got to be kidding me. He said, no. It's a different world.
So you may look at $160,000 and say that's an outrage. Well, $160,000 if you're making a dollar the rest of the year doesn't even qualify for being rich under Barack Obama! You're not even in the millionaire tax which starts at 300 grand, which isn't a millionaire. Just like to point that out! Drives me crazy the duplicity of these people.
No excuse for not knowing the law, other than he is a liberal democrat …
Blumenthal is well-credentialed to serve as the top law enforcement officer of Connecticut, having graduated with honors from Harvard College (Phi Beta Kappa; Magna Cum Laude) and Yale Law School, where he served as the Editor-in-Chief of the Yale Law Journal.
And to allow political considerations for him to seek redress concerning valid bonus payments guaranteed by contracts executed in New York, but paid to Connecticut residents is a stretch. Especially since Connecticut Senator Christopher Dodd, Chairman of the Senate Banking Committee placed the “Dodd Amendment” into the stimulus bill at the request of the Treasury Department to insure that those bonuses were honored. Of course, when the matter became offensive to the public, Dodd did what all democrats are wont to do under the circumstances: he lied about inserting the exact language in the amendment and used the SODDI defense. “Some OTHER dude did it!”
Richard Blumenthal is said to be considering a run for the governorship of Connecticut –- I think this piece proves he doesn’t even deserve a position as a dogcatcher (no insult to animal enforcement officers).
“Nullius in verba.”-- take nobody's word for it!
“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw
“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius “A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell “Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar “Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell
“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar
“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS