Big Donations From AIG To NY Democrats (Updated)

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The Associated Press is reporting that AIG gave $100,000 to the state Democratic Committee just weeks before Gov. David Paterson and the state insurance department helped keep the world’s largest insurance company in business.

The $100,000 contribution was made Aug. 29; on Sept. 15, Paterson announced that the state helped AIG access $20 billion of its subsidiary assets to use as collateral to stay in business.

The contributions, according to campaign finance records, was sent to the party’s housekeeping fund, which has no contribution limits. In April 2004, AIG gave $50,000 to the party’s housekeeping fund — it’s second largest contribution to the fund.

Overall, AIG has contributed $207,500 to the Democrats’ housekeeping fund since 2000, records show.

Updated: Here’s the statement from Paterson’s press secretary Errol Cockfield:

“The Governor had no knowledge of the August, 2008, donation to the New York State Democratic Party.

“His concern in September, 2008, was for the financial stability of a major employer in the State and he and his administration acted in the best interest of New York’s economy, working in coordination with the Federal Reserve.

“The Governor is outraged by the conduct of the AIG leadership, and he has directed his Insurance Superintendent, Eric Dinallo, to do whatever is necessary to protect the taxpayers.”

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  1. the consultant on

    THAT’S REALLY GREAT..THE TAXPAYERS GIVE MONEY TO
    THE GOVERNMENT…THE GOVERNMENT GIVES MONEY
    TO AIG..AND AIG GIVES MONEY TO THE NY DEMOCRATIC
    PARTY…DO WE HAVE TO FILE?

  2. Many of these politicians, both State and national are far worse than those whom they hypocritically criticize. How on earth did we let this all happen? NY State will not tell us what’s going on with the stimulus and the budget until the very last minute when it will be too late for us to even analyze what’s going on. If the majority do not clean up this mess peacefully at the voting booths and force remedial legislation, bringing these charlatans into line, there is danger that a minority will eventually enforce change violently from the streets.

  3. Zyskandar A. Jaimot on

    Youse guys really don’t get it!!! AIG is owned by the US TAXPAYERS, GOLDMAN-SUCKS(the MOB brokerage house), and WARREN’short-pudgy-white-should have been indicted for a variety of crimes’BUFFETT!!! MONIES were given out as donations(read bribes) mostly to greedy DEMBHOLES + some corrupt REPUBLICANTS!!! THE LIST IS INDEED BREATH-TALING INCLUDING OUR PREZ BARACH’incurably-dishonest’OBAMA AS IF LAST YEAR!!! ADD TO THIS THAT SENATURD CHRIS’ise-got-my-special-loans-from-Ciuntrywide’DODD AUTHORED THE EXEMPTION PROVISIONS FOR AIG BONUSES IN THE ORIGINAL BILL – WHICH HE DENIES – IS AN ABOMINATION OF FIDICUCIARY ETHICS!!! SENATURD DODD Jr. is now challenging his father’s legacy[SENATURD DODD Sr.] as most corrupt SENATURD from CONNECTICUTT of all time!!! Not to be left-out is NY’s SENATURD CHUCK’the-schmuck’SCHUMER who was on the gravy train of cashola ‘bribes’ from AIG!!! AND NOW – AND NOW – they pretend that they are “…shocked, shocked” like inspector LOUIS REYNAUD in CASABLANCA that there is gambling going on in RICK’S CAFE AMERICAIN – while they pocket these donations and yell about these outrageous BONUSES!!! THE PEOPLE WHO SHOULD BE SHOT ARE NOT THE BONUS RECIPIENTS AT AIG – BUT THE US CONGRESS FOR BEING THE CORRUPT HYPOCRITES THEY ARE – AND CONTINUALLY THROWING IT IN OUR FACES!!!

  4. I guess Errol Cockfield is now playing the part of schultz in “Paterson’s Heros” we know nothing, or maybe “I am shocked to find that gambling is going on hear” as they cash the check.

    VJ Machiavelli
    http://www.vjmachiavelli.blogspot,com
    NO MORE SCHUMER
    NO MORE PELOSI
    NO MORE RANGEL
    NO MORE ENGEL AND HIS MILLION DOLLARS HOME IN MARYLAND.

  5. Zyskandar A. Jaimot on

    What’s ‘GOOD’ for the SOCIALIST STATES of AMERIKA!!!
    TIM GEITHNER used to be PAULSEN’S ‘STOOGE’ at GOLDMAN-SUCKS[the MOB BROKERAGE HOUSE]. Now little scmeckle TIMMY took over PAULSEN’S gig as SECRETARY of the TREASURY. Used to be a maxim that what was good for GeneralMotors was good for the USA. Now the wammabe MARXIST MORONS like ‘the OBAMA’+his COMRADES seem to think what is good for GOLDMAN-SUCKS is good for the USA as long as they makes their money and become all-powerful!!! Ha. NAMELY THE DESTRUCTION OF THE CAPITALISTIC SYSTEM AS LONG AS THEIR BUDDIES LIKE SCHUMER, DODD, PELOSI, FRANK, LIDDY & OTHERS GET TO BE OUR COMMISIRS!!! All hail ‘the OBAMA’=our new DICTATOR STALIN. Ugh. ‘the OBAMA’ demands more power – being the BLACK CHICAGO STREET PUNK he is – some CHANGE huh but little HOPE??? MAKE PREZ BARACH’incurably-dishonest’OBAMA BE THE NEW CZAR OF SPECIAL OLYMPICS BOWLING AND SEE IF HE BOWLS ABOVE A 40???!!!
    Posted by Jaimot’s Jargon at 2:34 PM