Cuomo v McCain's Joe the Unvetted Plumber

Discussion in 'Politics & Religion' started by seneca_roman, Oct 20, 2008.

  1. A good recent, Maureen Dowd article:

    "John McCain wasted his last-chance debate Wednesday by trying to stir up faux class rage against Barack Obama with Joe the Unvetted Plumber instead of tapping into the real class rage the country feels over bailing out ungrateful financiers who gambled away the life savings of working people.

    ’Tis a far, far better thing that New York’s attorney general, Andrew Cuomo, did when he demanded that A.I.G.’s former executives who were trying to abscond with many millions in severance payments, bonuses and golden parachutes surrender the swag. He set a good example for the feds, who slapped Mr. Fuld in the face with a subpoena.

    Cuomo got A.I.G. to instantly reverse itself and cancel 160 conferences and other events that would have cost more than $8 million, as well as give up information on compensation, bonuses and other payments to determine whether they were fitting. (How could they be?)

    “We stopped a $10 million severance payment to Stephen Bensinger, the chief financial officer,” Cuomo told me Friday. “Just look at the words chief financial officer. There’s a phenomenon when senior management sees the corporation deteriorating and they concoct a version of looting the company to take care of themselves.”

    http://www.nytimes.com/2008/10/19/opinion/19dowd.html?em

    Seneca