House Proceeding 03-17-09 on Mar 17th, 2009 :: 0:23:40 to 0:25:15
Total video length: 2 hours 38 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:138 Duration: 0:01:35 Discussion

Previous speech:

Next speech:

0:23:36 to 0:23:56( Edit History Discussion )

Carolyn B. Maloney: 2008 fourth quarter of more than $60 billion in losses. all while the unemployment in america hit a 25-yeahigh. i ask the president to use all the power at his disposal to prevent ese bonuses from expense. the speaker pro tempore: the gentleman yids back. for what purpose does the

0:23:40 to 0:25:15( Edit History Discussion )
Speech By: Carolyn B. Maloney

0:23:57 to 0:24:17( Edit History Discussion )

Carolyn B. Maloney: gentlelady from new yo >> to address the house for one minute. the speaker pro tempore: without objection the gentlelady is recognized. >> mr. speaker, we all know the news yesterday that a.i.g. is paying over $100 million in bonuses. i find this an outrage. i'm glad the president has

0:24:18 to 0:24:38( Edit History Discussion )

Carolyn B. Maloney: directed the treasury department to use all legal means to restrict these bonuses. we in congress can actually make the laws and here's a law we should make -- tax the bonuses of any company in which the government owns a majority stake at 100%. i have introduced this bill

0:24:39 to 0:24:59( Edit History Discussion )

Carolyn B. Maloney: today, the so-called performance bonuses at 100%. bonuses are supposed to be given to someone who's done a good job. but a.i.g. as my colleague said, and we found something we agree on, lost over $70 billion we put $170 billion of taxpayers' money.

0:25:00 to 0:25:15( Edit History Discussion )

Carolyn B. Maloney: they don't deserve a bonus. they deserve better management, they deserve certainly a restriction on the bonuses they have, and i r5e8y applaud president obama, who said yesterday that this isn't just a matter of dollars and cents, it's a matter of fundamental