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Howie on AIG Bonuses
Title:

Howie on AIG Bonuses

Published:Wed, 18 Mar 2009
Description:Howie talks about the AIG bonuses and the bullbleep coming out of Washington.
+Automatically Generated Transcript  (may not be 100% accurate)

" Now all this time. -- and cars show swear or affirm. It's -- testimony you will give before this subcommittee in the matters now under consideration. Will be the truth. The whole truth and nothing but the truth -- help -- to be in the my name is Edward -- six months ago I came out of retirement to help my country that the government's request I've had the duty. An extraordinary challenge for serving as chairman and Chief Executive Officer of American International Group for AIG. National radio hall of very. Where there is an opinion on the land him in this committee reflected today that this was a rush to payment Warren. How the last two alternatives would've been a denial of the right to pay on the contract. And the support of these folks so what's. It was distasteful. To have to make these payments but we concluded that the risks to the company and therefore the financial system in the economy were unacceptable."

" power you the car and people are. Rightly outraged about these particular -- just as outrageous it is -- culture -- bad these bonuses or some Jamal. Have existed for far too long Hamas Howard guard W arterial radio network."

" And one. 877469432218774694322. That is the toll free number. While -- car show if you would like to join us here this afternoon and every weekday afternoon again the number is 1877469. 4322. If you would like to listen to the show on the Internet you can always go to war our website which is how we car dot com -- cart dot com. And click on the life. Audio streaming. Can also -- how we cart dot com you take part in our daily Internet poll question. And to issue haven't heard the news. Now it turns out that. According to The Wall Street Journal website. -- Fannie Mae ES Fanny may that's. The government sponsored. Enterprise server into the -- for -- what it is GSC. That started giving out this started buying up the sub prime mortgages. The that's the that's the group along with Freddie Mac that employed such. Democratic liberal luminaries as Jamie Gorelick. Rahm Emmanuel the chief of staff in the White House that were made his fortune to. Franklin Raines the former budget director from bill -- and many many other worthy said Jim Johnson. Who used to be chief of staff for Al Gore. They really took care of all Leo Liberal Democrats and Fannie Mae and Freddie Mac world among -- big contributors to among others -- Chris -- and senator then senator Barack Obama. Well guess who is going to start passing out some retention. Bonuses now. You'd think somebody -- all look at all the flax that they have in DC. Somebody could come up with a different name for retention bonus. Like where these guys -- gonna go they've had to bail out Fannie Mae and Freddie Mac to the tune of billions of dollars but they're gonna be giving out retention bonuses of between according to Wall Street Journal between 470000. Dollars and 611000. Dollars. The CEO of of Fannie Mae is going to get 611000. Dollars. And that's that's just about what his. Salary as witches or a wraparound 670000. Dollars so. He's done such as smashing job himself only losing a few few hundred billion dollars that they're -- given 611000. Is as his bonus that's more taxpayer. Money of course. So anyway. We have a how we cart dot com you can go to our poll question. But how we -- was brought to you by Jeff Carbone insurance contact the commissioner -- Jeff Carbone insurance dot com to save money on your auto and home insurance. Jeff -- insurance dot com to save money on your auto and home insurance Indy what is today's poll question and one of the results thus far."

" Should any companies receiving bailout money including Fannie Mae and Freddie Mac."

" Be allowed to distribute retention bonuses to employees. No no bonuses for anybody that gets a bailout 67%. Say no. All right that's the that's why cites BB we're guitar were obviously gonna talk about this this this hearing that's going on in in DC. Barney Frank once the names of everybody and you know this hasn't that's not gonna give the money back and."

" The the the new CEO the guy that they get and they brought in from Ball State had lady said the you know well I don't know -- want to give you the names of militia -- tell me you know I don't know. Per annum in the newspaper spore tomorrow on the Internet because. He would be a law a death threats as it is in this world just sort of target of me even further and Bernice I'm amber going to make you any idea how much Jamaican media promises to you. Okay but before you want to mention -- this is a -- this is kind of getting overlooked here in the in in the feeding frenzy in which I gleefully participate I must admit. -- walked is that President Obama has appointed his first federal judge your released his first federal law appeals court judge. This say this guy you David F camel and is going on to the US circuit court of appeals for the seventh circuit. That's Illinois Indiana and Wisconsin. The judicial. Confirmation network or conservative group notes that David after him opened previously worked -- fund raiser for acorn. The radical direct action group that not only resurrect the dead and gets them to the polls every election but also shakes down banks and pressures him to make home loans to people who can't afford to pay them back -- We've all seen how well that's worked out definitely in the last the last eighteen months or so. Yeah and powerline blog dot com says the nomination of David Hamilton is I suspect. The beginning of an avalanche of left wing appellate court nominees the next nominee may well be Merlin district court judge Andre Davis. Judge Davis has a reputation for making rulings favorable to criminal defendants and for having those rulings were reversed including by Clinton appointees to a fourth circuit. In other words. You're when Ruth Bader Ginsburg was appointed to the Supreme Court never embrace -- bully. Can't believe that Stephen Breyer this guys around. These are these guys are and I'm gonna be considered conservative -- compared to the people Barack Obama may be about to appoint. Right now whenever one focus on the economy conservatives who might get any mileage out of the confirmation of liberal judges -- up right now so I don't get bogged down later rod talked about other issues like what I want to get out there on the record them July 8 the I told you about this. It makes sense for Obama committed legal leftist -- go for broke on judicial nominees especially since the mainstream media is fully prepared to give him cover by calling his selections moderates was only the mainstream media that's going to give him covered. Cover senator Dick Lugar. Republican of Indiana says I enthusiastically. Support the Senate confirmation of David Hamilton for the US seventh Circuit Court of Appeals. Judge Hamilton has served the southern district of Indiana which distinction as the US district court Cha -- that's well I'm so happy about that. All right 18774694322187746943. -- of so you know you -- you well may have seen -- some other hearings they're not the -- by a it but not as good as I had anticipated I thought that they would come out swinging. But I thought get the chairman of this committee -- ski. -- and AJ did Democrat from Pennsylvania sorry -- Busan a swing type the district so he tends to be I think a little bit more conservative than your average Democrat. Especially committee chairman and -- Nancy Pelosi is House of Representatives. But he made a good point you know he says there when he was in private practice -- a lawyer you know mr. Liddy ring in this insurance company but I won't named all state."

" It's sometimes insurance companies. Delay payment or take a position they will not play until they were soon. In this case there is an opinion on the land him in this committee reflected today that this was a rush to payment. That there were other alternatives and hand one of the last two alternatives would have been a denial of the right to pay on the contract. And a simple word to these folks so what's."

" He got to give them away. -- But garage. You know the way it works so -- there was there was -- of that going on here but I think what's more important this just that it becomes clearer and clearer how much the the Obama administration knew about what was going on. -- I think I think part of this whole thing has to do with doesn't it with journalism to win in you know let's say this is an MSM mainstream media deal. This story they've got everybody all excited was on the front page of the Washington Post -- in -- worked at newspapers might might entire adult life. I know why these things work sometimes somebody you -- when you say did you really given -- bonuses to AIG to all the people wrecked the record company here and put us in this whole. And the the editor says. Really I thought I read something about that and then the guy -- them extensions yet there was only and they was mentioned three weeks ago on a wire story in the assembled paragraph. No one really knows about it sold at that point the editor looking for a leave on a Saturday which is a slow news day in and in the newspaper and then and TV business. Racquets. Says hey you know let's -- that -- resurrect the story and that's basically what the Washington Post dead but you know. Elijah Cummings I've talked about -- why we Fed cuts from him he's a Democrat from Maryland Denise is here he's really on a he had G -- crusade. Whichever. Religion. You want -- invoked. Against AIG eight. Hero look at -- a Democrat. He is a Democrat any practically all of us. -- the CNBC's he studios now quite dice from yesterday and so on them on CNBC's morning show."

" He wrote a letter told Eddie. In these seminar. In -- even keep a secret. Anyway he told everybody -- about that letter he released at all Leo wire services all the networks all the big newspapers. Telling any. Please don't give out these bonuses I don't think these bonuses or -- et cetera et cetera et cetera every so everybody did know as I mentioned I think I've reference that a couple times just having read it again deep deep. In stories. And now -- now Barack Obama is you know pretending to be outraged about this and a Libby said today by the way that guy near the secretary of the treasury didn't know about -- two weeks ago how -- how could possibly be. He will he was a bit Geithner was in the Roman all of these bill or all of these deals all these bailouts war. Were more the concocted. In the fall he was that he was run of the New York a Federal Reserve. 1877469432. -- like -- likable people heard you know say I'm dom -- hit the wrong notes on this topic. Here's jay from Chelsea you never mentioned legally going after all the Bulger another hack pensions -- you grab a torch and lead the mob for the legal bailout pensions. 90% of the fault is with Geithner Obama Pelosi frank Dodd and Cox. But he 90% of your voices on the private pension -- the Washington hacks to the pension guys that's the scandal. Have a 98. Hole -- told everybody repeatedly have played mentioned over Oregon including just now. But the Fannie Mae Freddie Mac crowd the Rahm Emanuel Welles -- Franklin Raines. The Jamie Gorelick -- all most people are richer off from these off of cooking and doubt about Rahm Emanuel but Shirley Franklin Raines and he got a huge bonuses -- he was forced to resign for what amounted to cooking the books. -- I know about that we've talked about Barney Frank we mentioned it a million times and he said last July that. Fannie Mae and Freddie Mac were good going forward we've mentioned that his boyfriend. Kirby Moses worked there. This it but the fact is that this is pure. Purely wrong it to be rewarding guys. Wrecked the company. With taxpayer money that I love the fact that now we're saying the -- well what is going to what we're gonna take this did the congressman assume we're gonna take this even the New York Times is is amused by distant that bit. Congress is demanding that AIG repay -- 165 million so. So AIG took a 165 million of taxpayer money. And gave it to these people who wrecked their companies and put a solemn hole for hundreds of billions of dollars. And now now the congress is demanding that. The AIG take more of the taxpayers' dollars because remember they just got another thirty billion dollar bailout and then take some of the taxpayers' dollars. From the second -- the third bailout the they've gotten and then to repay us taxpayers where their own money. I mean. What does it matter and by the way Chris Dodd now says he doesn't know who inserted this provision. Into the port kill us bill. -- enabled. AIG to to collect the pensions she said even the -- he even had had nothing to do when it. So it does sound like the Massachusetts state senate senate the outside writers be outside sections under rub Billy Bulger nobody seems to know was where was behind all this stuff. Apparently. Overall people. Olympia Snowe of Maine and Ron Wyden Democrat of Oregon. -- Put a and an amendment into this into the original bailout bill last fall the would've prevented. Any of these. Bonuses for going throw. But just what that was passed there amendment was passed. But just what happened when the bill finally came out of the amendment was blonde. So I guess who that is where the fingerprints we know they tried to find out where the fingerprints were in the Massachusetts state senate back at 25 years ago when they never could dove -- Big they dusted every piece of legislation that nothing ever turned up. Say -- I'd predict the same thing is going to happen here."

" One -- and here's another one from -- Virginia in Springfield I agree with you that PA IG bonuses are real advised in the current climate no argument however please please please don't be distracted by them from things that are far worst. And far more important. -- IG payments a 165. Million for bonuses to American workers. Thirteen billion to United Kingdom banks. Seventeen billion to German banks nineteen million the French banks five million the Swiss banks. Obama is not worried about any of their bonuses why not. And don't forget the eight billion of stimulus money that Citigroup pumped into Dubai. It's it's all of disaster it is but you don't need you just can't you can't take people who who are who wrecked our company's. -- left the taxpayers on the hook for it there when you don't get I don't care if it's the same was -- with Freddie or Freddie Mac and Fannie -- nation beginning bonuses either. Did he can't stay because what the bill and then give them a bonus. And ended Libby did those din of a lousy job of explaining that today he said he's so what they're doing is there were awarding people. So winding down at -- toxic assets."

" I mean it. If you should fire and how's it ended in our barn and then burns down. The fire department doesn't hire you to to operate Holmes. To make sure all the embers or how do they I mean that's that's what it sounded like there may tell me if I'm wrong. 18774694322. By the way Obama got a -- much money he got in my campaign funds from AIG over the years a 101332. Dollars. He was -- a it's Obama only answered the other part of the question -- it just moved on and didn't didn't respond to the fact that he's taken a hundred g.s for ma AIG. I think you'd be hard put to -- any candidate in this country who did not receive some money from AIG over the years. Well I think -- CNB he has a he has to what is the president of the United States or actually anybody who's involved in this Susan elective office. I -- do war expect to be. Questioned and should he answer my questions about India and then Barack ignored the question. Again it was it was a so the silly move by the reporter of the -- a great question but the -- going to give Barack the war the the way out by you ask him -- the second part on the questions. 18774694322. John your next with Howie Carr go ahead John."

" Allie I think -- to go around for everything you don't even think of ability in front of a congressional committee a bend over grab Blanco but then I remembered Barney Frank with the Germans it's obvious that analogy. The Barney Frank being in charge of this little bit like asking Keith Richards to -- spokesman for just say no."

" Really no problem thank -- our. My dog -- dog does the guy does a guy in charge on the Senate side same thing."

" if I don't stay up to watch anything anymore and I get a -- I highly doubt that Jay Leno is going to put you know Obama and under the microscope and say you know what. Very sure that Democrats by the way. Are you -- the -- saying how are you know the buck stops here we brought Mr. President you like your -- but a lot of high fashion bush. Everything was just -- Are you -- step up to the plate so you know what it becomes Belgium we have to go after my own people in my own party divide by that there are responsible for this then heads are gonna wolf I'm not."

" He's he's ever -- would admit that Johnny he was he was bludgeoned it again today you know saying we think this is we didn't so we didn't sign these agreements you know we we did they agreed to the minute we're not the ones who weren't charged when they started bailout AIG although I will give -- by at least a little better credit for -- agreed with bailout AIG."

" Well you know that that that that's an up close with how he's the finger the most -- really infuriates me and I'm not any kind -- major took one question that college. But what I hear the you know what we can't afford -- some of these industries go under it would cost -- the governor you know affect. I don't remember a time when we were talking about free market capitalist systems that -- by the weight class. Here's a couple of industries that we can never afford to go out -- the whole house of cards comes down in the free market economy there are going to be businesses. That when it's run by ineptitude and you're what -- into the ground very -- to fail that we will all survive that you can't tell me it didn't get any worse and ask."

" Ready delivered to your what are you certainly didn't make it sound like anyone could survive the the destruction of AIG you shouldn't hurt a bit everything was talking about explosions. It would be a bomb on the environment and what -- how. Homelands like listened to way you know -- a press conference from the Pentagon during the war in many switches over restarts talking about eruptions. Would get some like guy AIG is a -- you -- Can hold completely -- or bore. Right thanks for the call John wash your next with how we cargo ahead -- You know -- Ross. Jack you're next with how we -- ahead Jack. -- yes."

" Oh -- I'm an unemployed bankers so you can never. Forgive me for using an alias. I. I I don't even know where to start I wish you'd have me Europe for a full half an hour I mean this is -- Unbelievable I mean effective backup for moral where I only got a bonus. When he over performed what our expectations -- mean the fact that David used the word bonus. I don't you'll only get one when they say we know what our goals are for the year which is hugely positive growth. And that and if you exceed that you'll get a bonus so I don't even under."

" There aren't we had to leave and enjoy if you don't watch in the thing he said he said that they award correctly if I'm more on year to -- one other stuff when this was going he said we're paying them bonuses because as they wind downed the toxic. Assets. They acquired. Right now what he said."

" Absolutely and I mean so. I know and ammunition and any of these many big guys. Humor me for getting that -- take some auto worked out pick -- altered their jobs they don't have to pay me a retention bonus and because they're going to retain me -- that's 612000. Dollar salary because that's the boat. Five times what I ever made in my best here."

" And and it's -- you -- don't know what he's got opinion other 600 clubs and I'll tell you what."

" I'm no great economic scholar but I can tell you what I could tell a group won't come about blown obviously these guys couldn't and and here I am the."

" Chair Jack. -- care are seriously did they. We're just going on the -- the ratings agencies were saying oh this is okay so that was that was how they -- CYA in themselves and the rating agencies were CYA in themselves by saying what the feds are behind Fannie Mae and Freddie Mac in the the banks were making the original crappy loans -- CYA in themselves by saying we got that we have do what do this because Barney Frank says were redlining and you -- won't be violating the community reinvestment act if we don't make -- make loans to people who can't pay -- back. Right."

" Where where these people going to gulf where wherever jobs go oh we're not Pena were your retention bonus this year -- they think these people what's gonna. Stupidly -- 600000 dollar job in -- try to go find a job elsewhere there are no jobs."

" Are your Jack I have been I have to tell you see here's the lid let's do this you probably haven't heard this story got. A Massachusetts bank that is defied the odds and remained free of bad loans amid the economic crisis is now being criticized by the federal deposit insurance corps FDIC. For it's cautious business practices. The secret behind these waters say East Bridgewater savings bank accomplishments is be careful approach of 62 year old chief executive -- Petra selling. We're paranoid about credit quality he'd told the Boston business journal. But rather than award -- tactics the FDIC. The FDIC recently criticized his bank for not lending enough. Slapping it what they needs to improve operating under the community reinvestment act again the community reinvestment act. That's the original carcinogen here in the financial system. She is still using Barney Frank or olds they're they're down on this bad for not make -- bad long it's. 187746943. 2218774694322. On the boycott."

" Mr. -- is in no -- He has made public service agreed to commend."

" Inherited a situation. I disagree with some of the ways in which you candidate for the -- clear distinctions between people where the responsibility for creating this situation. And though given the responsibility of friendly. --"

" People who created the situation. Like -- Barney."

" Like your buddy Chris daughter from the neighboring state. Who is by the way the number one recipient of money from AIG employees. In -- last election cycle. God and and that that caller yesterday from Connecticut who said that dog was having some problems apparently that is true there's a quinnipiac poll was taken now rob Simmons a guy -- the former congressman. From Connecticut who lost his seat very very. Narrowly. In 2000 sex and the in the democratic landslides in Connecticut except for Jodie -- I guess. He is now polling. I had one point ahead of Chris Dodd I mean -- he represents what 16 of the state only represented 16 -- state and he still ahead a -- I mean not that Chris Dodd will be awash of course and dirty money next year we all know that but still. They run the Senate Leadership is apparently already living dog take walks. On like bike on the an amendment to what do away with the automatic cost of living adjustment quote on quote adjustment. To their pay high eighty pay automatic pay raises they let him my vote against that just because they're -- that concerned about a 187746. Of the region this letter that -- our Jeanne Cummings the Maryland Democrat. Road to -- Liddy this is at peace this is December. The summer before Christmas."

" And then it is yet you hear this just think that now all these people saying they didn't know about the bonuses. Without taxpayer intervention. AIG would have ceased to exist and to be blunt all of its employees were lost their jobs. Against this background and given the massive layoffs occurring and other finance major financial entities such as Citibank. The American taxpayers have a right to know Weiss senior executives and AIG or frankly we're lucky to still have jobs need to receive additional bonus payments of any kind to retain them at AIG. But no one knew about us. Spare me says Michelle Malkin president Obama's finger wag -- outraged yet. Two weeks ago team Obama forked over another thirty billion from the basket case company after her reported 62 billion in fourth quarter losses that's on top of the first 85 billion around in the second 38 billion dollar around under bush both of which Obama supported. Senator Chris Dodd the corporate crony who was the largest recipient of AIG donations is now leading the charge to tax the retention payments in order recoup the 450 million the company is paying two employees. But it turns. Dodd was for protecting AIG's bonuses before he was against -- Pay no attention to what is left him was doing -- right sister is pounding mightily mightily for the sake of the taxpayers. Michelle Malkin says of Washington's newfound opponents of rewarding failure want to do taxpayers a favor how about giving back -- automatic pay racist. How are returning all of their EIG donations how about taking back all the bail -- money to wall the failed enterprises from Fannie Mae and Freddie Mac AIG the auto makers in the big back. Banks. Buried Harry Nancy John crests. Miller -- Exit stage left the curtain faults Jen you're next with how we cargo ahead --"

" Not by my count the criminal investigate the -- but I got a quick question for us I heard that the reason AIG getting such a focus of bail out is that they actually hold all of congress is insurance is."

" As far as I can tell that's an urban myth on the Internet they have a they have a bunch of public pension systems including a lot of cops and even some judges in the states like Michigan but I'm not not carreras."

" Okay good that one thing that I had heard enough wondered if that was true. But that's probably everything that I've been hearing -- who you know we have tree branch of the government -- judicial branch still true I was just sitting back a -- must all happen."

" Well I mean it you know what if they do try to take away the the bonuses of these AIG guys with this bill of -- But there are proposing. Not -- necessarily against that but it does certainly seem to be debilitating Durham Wii which is a piece of legislation directed against the specific. Person or group of persons. Then the judiciary will have a -- chance. Will have a crack at it because there obviously somebody's going to -- want to hear what they say about all hold these guys a dome. The that they never assume that never sue I don't -- that they'll slow. -- edits -- going to lose about six point four million dollars that he had a PSA a binding contract for you don't think he's gonna so I don't think so. 1877469. 43. 4322. And by the way the trump blind us somebody got on there are no well we don't have many calls let's just put it that way due to wait technical glitch. So why if you well want to get on the chump like today's a good day that's the recorded voicemail message service of how we car show we -- right after the news that top of the third hour. 5 o'clock in the east of course. In that number is 61777934696177793469. Pooch you're next with Howie -- go ahead pooch."

" I just want to go against your what you said about the workers that you sit as somebody get on the line. And got -- Q what's your take on the workers would be but apologists you know. -- the Democrats that got this and AIG if you look at bear. A whole totality of their company's very doing very well exclude everything else except what got him in trouble with the sub prime mortgages. We the Democrats forced cement."

" I don't know what you're doing well no way say artists like -- don't. -- say the Democrats -- the you know blood pressure on and on local banks like you know -- Bridgewater savings to make these crappy loans but they then they won't they were basically running the financial products unit as a hedge fund. -- mean man it's my you can't blame that on the Democrats they just they got greedy coach."

" Well what I'm saying is that. That they were let down that path by the open door by the Clinton administration which is this stupid thing of community regards to draft Dodgers."

" Are you might call community reinvestment yeah."

" Ensure that gas -- Cuomo bush did in 1999. Which couldn't push to -- to get these sub -- it's very troubled because they big gave insurance back into a lot of banks. That put out these so prize."

" Won't they -- do they have any responsibility to was to do little due diligence coach or commit just circular space or they just say you know the government does the government told us to -- least thinks the government told listen to what drive off a cliff but my eighty miles an hour so just what we're gonna blood drive off a -- 95 miles an hour."

" I agree what you that the bank that -- AIG has some they have -- Did they have some problems that they have debased themselves elect saying that the Democrats. Have moved to banking system in a way then put them in trouble with the sub prime there was what -- really destroyed AIG it's utter. Partnered."

" But it won't that's like coach that's like me saying you know say they you know we still had presses at the -- looks -- We don't we're doing a great job in the news room but those -- Pressman are killing us. It's it's always saying you know I mean we're all on the same team everybody they AIG you can't you can't just say that you know somebody had a good office the company has fallen apart the company is a black holed the company is a disaster."

" don't open until all of AIG but. They -- I have no way I -- old are you. All of AIG lost 62. But billion dollars last I -- 6200. Elian."

" But -- why they lost that was because they -- I visited South Park."

" Generally they want to greedy they were then the government does and the government he ended -- Leo bottle. Bandar the crack -- whatever you know what ever drug you want to use is for the analogy and -- but they couldn't put it down they they didn't have to they didn't have to get in over their heads then they whenever into when I -- Greenberg was running that company before he got run out by poker -- Eliot Spitzer when he was attorney general of New York they weren't worried that this crap. Once so you we don't want to go back blame -- don't blame us. Jimmy Carter you can blame Eliot Spitzer he's the one who forced ace Greenburg out there -- big game Greenburg was beyond was the only Republican -- company. Thanks -- medical coach why didn't you weren't such a -- you can even noticed approach weren't there he dead. Boldly I didn't even say I -- your right I wasn't a tirade watch again I don't. I don't mistake for you can say it that well they weren't there we're doing great except for this one outfit. No one should lost half a trillion dollars. They they gave them okay."

" No PJ O'Rourke used to say that giving up power and money to politicians is like giving booze and car keys to to teenage boys okay. Somebody handed AIG. Teenage the teenagers AIG. Some boos and some car keys."

" But you know not everybody that gets handed booze and car keys goes crazy amend -- the car around -- And AIG never did until way until they lost their adult supervision. And I'm not and I and I don't feel like I have to pay for I don't feel I have to pay these idiots -- Fannie Mae and Freddie Mac getting money either. I don't feel I have to pay for the jobs banks at they get that the UAW's been running and now was going to give up and by the way. How they -- gave all the contracts for the United Auto Workers but they can't ever -- the contracts for these people I mean not to sound like a cheap left wing populist -- but realize that's true isn't it I mean how come there -- be a union contracts so mean -- thank. Brian you're next with how we cargo ahead Brian."

" The reality you are alienated. I'm glad -- gonna politician because I think that's where the lion's share the blame goes that they created a lot of they don't even know they created. On Dodd convince frank upon it."

" Right that's what they're saying that's what daughter Sam I didn't I don't know what how this is how this -- got my name on it."

" How well you know nobody could guess that means is just. You know the union contracts that there the end we aggregated by the by the for the automakers. They are smart enough to put don't let -- who might that list with good legislation. -- then they didn't do what for the other bailout money. -- politician you know all of -- are crying foul when they're the ones who filed. -- I'm almost over the company but you know I think you know we get the government we true that you can make it to me that whether Hillary literally in the northwestern north east. You know they -- you think people are no new home. And and and no one seemed good you know. The pocket and didn't Clinton would have thought they create smoke screen fans. It'll bad company's -- company and yes that's true that they go look at Mir until -- reach -- think the folly of forces."

" Thanks for the call Bryan wanted to not Geithner has -- just issued a statement saying he didn't know the bonuses until March can't. Anybody who watched CNBC -- woman December. Why is Geithner was too busy cheating on his taxes do was to ever listen when Elijah Cummings came on and was warning about that's. --"

" Rightly outraged about. His particular moment. Just as outrageous. There's. A culture. That appears Mona Rivera from the moment. They have existed for far too often."

" Now that's irritating for him to say that again this ago took a 100000 from from AIG who took more than a 100000 from Fannie Mae and Freddie Mac a guy who's chief of staff became a millionaire working. Four Freddie Mac Fannie -- You know this guy and he's part of the culture of corruption there's no doubt about that I how I don't want to let him off the clock it's just that. Eat you can't that is EQ how much punished outlet -- MO -- you I'm gonna sit here and sugar coat AIG and say always only 165. Million some guy who wrecked the company and left me and you hold them that the tab for half a trillion dollars is gonna get six point four million -- right it's just not right. We'll keep talking about this there's a lot more go there's a lot more to talk about here I was gonna switch off but this is the big story of -- day still. 18774694322. We come back we'll talk about all the money that UBS got. And UBS what they've been up to lately. Is Barack shock the -- UBS this was -- holly --"

" Fouls we want to talk radio -- of personality."

" Winters reminded Obama. Followed by Rush Limbaugh all those who dream."

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|run for presidentfound at0:37, 3:29

“…Our democracy do Laura. Why wouldn't you run for president. . I will head to Iowa I think if I believe that that has the right thing to do for our country and …”

“…that there's a story in The Herald today it's a lead story Governor Deval Patrick is moving quietly forward with a plan to install electronic tolling on the Massachusetts turnpike. The with target the costly patronage -- …”

Chumpline 2/8/10

The daily chumpline from 2/8/10.

Audio|Mon, 8 Feb 2010|More from Howie Carr
|super bowlfound at4:44, 0:48

“…me a fax on Saturday morning T minus thirty hours so the Super Bowl halftime show she was so excited about I don't which -- she isn't -- many faxes vote today I don't know what's so not only voicemail -- she excited. Not so much not no she didn't like it that much no response should just -- you -- talking about Super Bowl today. -- Say it wasn't I didn't think you watched it. No I'm not only chance I did I did watch it …”

“…Sarah Palin knows how to pronoun whatever -- because it's written on my hand. …”