We have a very aggressive theory about our jurisdiction, but we don’t have a theory that gets us to London.
Andrew Cuomo • N.Y. Attorney General, on his plan to get the AIG bonuses back. Unfortunately, he doesn’t think he can legally get money back from AIG’s financial products division, which is based in London and was largely responsible for the credit-default swaps which got us in this mess. • source
As many know, the administration was, among others, not happy with the language. They wanted some modifications to it. They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous.
Sen. Christopher Dodd • On adding a provision to the stimulus bill allowing AIG to give out massive bonuses to its employees. He was asked to make these changes by the Treasury, which seems to have a lot of power over legislation considering they’re not legislators. Dodd wants to tax the bonuses, BTW. • source