Blumenthal puts in his two cents
When the average citizen has somethign to say about the way their government is being run, they right a letter. When a politician gearing up for a gubertorial run named Dick Blumenthal has something to say he writes a letter and lets the media know about it. To quote Bloomberg:
In a letter today to Federal Reserve chairman Ben S. Bernanke, Blumenthal urged “every available action” to block the bonuses. An AIG document provided by the attorney general’s office indicates the $230 million is set to be paid to 407 people in March 2010.
Blumenthal is among a coalition of 19 state attorneys general investigating AIG for the possible misuse of federal bailout money and compensation policies that, he said, encouraged “financial gambling” in derivatives including credit-default swaps.
Blumethal does have special interest in the issue (AIG’s headquarters are in Hartford CT, where he works as Attorney General) but this still feels like a purely political move. Blumenthal can’t pass up an oppertunity to be seen fighting for the little guy, even if the whole country is fighting for him already.
Leave a Reply