NY Times disappears Bush Treasury Department from article on AIG bonuses

ProSense

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Tue Mar-17-09 02:47 PM
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NY Times disappears Bush Treasury Department from article on AIG bonuses

NY Times disappears Bush Treasury Department from article on AIG bonuses

Summary: In an article about the Obama administration's "effort to undo bonuses at A.I.G.," The New York Times reported, "The Treasury ... said they had known about the bonus program as far back as last fall." But at no point in the article did the Times note that the "Treasury" that "had known about the bonus program as far back as last fall" was then-President Bush's Treasury Department. Indeed, the article did not mention Bush or his Treasury Secretary Hank Paulson at all, much less report that the Bush Treasury Department worked with the Federal Reserve in carrying out last year's bailouts and bought AIG stocks notwithstanding the existence of these bonus contracts.

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The Times reported, "President Obama and his top economic advisers scrambled to calm a nationwide furor on Monday over bonuses paid at the American International Group, even as administration officials acknowledged they had known about the issue for months." The Times further reported:

<...>

But in reporting that federal officials knew of the bonus programs as early as fall 2008, the Times failed to make the connection to the Bush administration, which negotiated bailouts with AIG, even with the retention bonuses in place.

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FrenchieCat

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Tue Mar-17-09 02:48 PM
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1. Media Matters knows what's up.

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indepat

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Tue Mar-17-09 02:54 PM
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2. Epitome of media whoredom!

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theoldman

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Tue Mar-17-09 02:55 PM
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3. That is why Barney Frank said that the earth was not created on January 20th.

Most of the economic problems started before Bush left office.

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ProSense

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Tue Mar-17-09 09:10 PM
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4. The media and the Repubs are pretending it was. n/t

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stillcool

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Tue Mar-17-09 09:53 PM
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5. they're really having a feeding frenzy....

full court 'press'.

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riderinthestorm

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Tue Mar-17-09 10:22 PM
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6. A Bush Treasury Dept that included Geithner, Summers and others

who have been kept on in Obama's Admin. People who were deeply involved in structuring the TARP deals, AIG bailout etc. are Obama's closest advisors. It's deeply troubling to me. If you haven't read leveymg's thread in GD, I encourage you to take a look.

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Median Democrat

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Tue Mar-17-09 10:24 PM
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7. Summers Was A Administration Official? Who knew?

:rofl:

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ProSense

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Tue Mar-17-09 10:25 PM
Response to Reply #6

8. I read the thread, and it does nothing to change the charge in the OP. n/t

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