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March 18th, 2009
01:00 PM ET

Kiran: Wednesday Roundup

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Hello Everyone.

Gotta love the subtlety of today's New York Post Headline. NOT SO FAST YOU GREEDY BASTARDS it blared this morning regarding AIG bonuses. Perhaps harsh, but the sentiment certainly in line with what many of our American Morning viewers had to say about AIG and the bank bailouts.

You guys again weighed in in record numbers on our show hotline 1-877-MYAMFIX, our blog and Twitter about AIG and the bank bailouts.

But it wasn't only AIG that had people fired up.

The other big question we tried to answer for our viewers this morning - "Was our government also asleep at the switch in this situation?"

I questioned Congressman Barney Frank and John did the same with Senator Charles Grassley about Congress's role in approving bailout money without strings attached in terms of limiting bonuses and compensation for companies who would go belly up without our tax dollars. Watch if you missed it.

But it wasn't all gloomy on the economic front. As part of our special Road to Rescue coverage we also featured people finding creative ways to help themselves survive job losses and other setbacks.

We spoke with two former college roommates who created as a site to help themselves and others navigate the ins and outs of unemployment and job interviewing.

And we also spoke with Mark Heuer, who used his savings to rent a billboard with his face and email address. He said it led to several promising job offers.

In these tough times it's nice to know that the entrepreneurial spirit is alive and well. hopefully we can all draw a little inspiration from these stories.



Filed under: Roundup
soundoff (27 Responses)


    April 15, 2009 at 7:50 am |
  2. Jason Dean

    Thank you Guy, finally someone who shares my sentiment. Congress and the Senate should be taking pay cuts based on the horrible job of running this country, and because of the economy. It's time they lead by example, give up there wages, and start making good decisions. Now if we can get CNN to main stream the wage increases and there questionable campaign contributions coupled with the way they tend to vote then we will really see the tipping point of the american people. And maybe just maybe we can get some of them to resign or start to take us seriously.

    March 20, 2009 at 4:19 am |
  3. Guy

    What happened to a government pay freeze?

    March 19, 2009 at 8:50 am |
  4. Guy

    Our representatives are a bunch of scumbags, nothing but hypocrites. We the people are losing money while our Reps accepted a pay raise in January. As long as they take care of themselves. And they're worried about the money that they allowed AIG to give away. When will the truth prevail?

    March 19, 2009 at 8:45 am |
  5. Steve

    how can the President claim that it's ok to blame him for the most recent AIG/gov't blunder and in the next sentence say that it's his job to fix the problem, even if he didn't cause it? that's not excepting responsibility, it's the exact opposite; just more of the same doubletalk. you can't take the blame and then claim that it's not your fault.
    what bothers me most is that he goes on, in his usual flippant manner, to trivialize those who are asking questions. how dare they??? sure, many of those have political motives, some are genuinely outraged, and a good number of them, from the start, were against the gov't getting into bed with these companies. can anyone see why they were so skeptical?????

    March 19, 2009 at 8:22 am |
  6. Kevin

    Concerning the AIG Fiasco and the role of Capitol Hill:

    Need we know more? One thing we can do to make things better is get rid of Dodd. He is now a known, admitted liar, so how can we possibly continue to trust him? He should be submitting his resignation, and if not, let's yank him.

    March 19, 2009 at 7:26 am |
  7. Danny

    my gosh, where's the outrage at Chris Dodd, Barney Frank, Timothy Geithner and the Obama administration?? at what point does this administration stop pointing the finger at others and take responsibility for their missteps?
    everyone wants their pound of flesh from AIG, that includes me. i'm outraged at corporate America as well. but, let us not allow our emotions to blind our ability to see clearly the gov't culpability here.

    March 19, 2009 at 7:19 am |
  8. LFS

    Good observations Joseph! I too believe this is all political postering to make sure they get the votes on the next election. They really dont care about thier constituents, they just care about themselves and their political career. I think they underestimate the voting public. Surely all can see right through this talking.

    March 19, 2009 at 6:38 am |
  9. josh

    i was hopeful that the government can fix this economic mess. However, i am losing hope now. Now, i am starting to realize most of the people in the senate and congress didn't read the stimulus plan or the bailout blue print. It's like when kids in high school or college are rushing to finish homework because the homework assignment is due in 15 minutes. The other thing that makes me mad is that i took a pay cut from my job that was close to 10, 000 dollars. These people at AIG are getting a bonus? I was just glad to have a job in this economy. It amazes on how the company initially was saying that 'paying out this bonus is a good idea because it will keep the TALENTED people at AIG'. This begs me to ask them ' ARE TALENTED PEOPLE UNETHICAL AND GREEDY AS WELL?'

    March 19, 2009 at 6:26 am |
  10. LFS

    I think CNN should talk more about the fact Obama and Dodd were large recipents of campaign contributions from AIG during their campains for office. Does anyone find this interesting that the two that gained the most from AIG to get into office, now want to dance around those bonus issues...... VERY INTERESTING!

    March 19, 2009 at 6:18 am |
  11. Joseph Danile Brian Lawlor,

    "Was Government asleep at the wheel" in part correct but more that a Peoples are waking to the ride they are being given and not liking the direction leaderships taking them.

    Government has a finance within that understands the books, numbers and direction this was all leading too yet it was the exposure that is causing them to bring it to the front in order to properly deal with.

    I believe Government, Industry and Finance have been been caught with their hands in the cookie jar and politicians like Barney Franks putting on airs trying to distance themselves and very defensive against Media and the Peoples they were meant to serve..

    We are not all financial but we all need proper financial administration around us do we not and leaderships taking advantage of the Peoples in that area is slowly coming to an end.

    March 19, 2009 at 5:37 am |
  12. Mitchel

    I meant that Barney was rude to you, and not tactful at all. He is a corrupted barbarian who has taken the gold, so please forgive him. Call them out when they disrespect you Kiran. Take care.

    March 19, 2009 at 5:29 am |
  13. LFS

    Can we possibly get over this? I am certainly as angry as anyone else about this blatant dishonesty displayed by our leaders and the folks at AIG. They lie, steal and tell you anything you want to hear. I just have one question, When is Obama going to stop stumping around the country trying to convince people to think the way he does? My God, he is the president, can't he just do the job. His inexperience is certainly showing with the need to have the public agree with all his way of thinking and doing. Just amazing behaviour for a President!

    March 19, 2009 at 5:16 am |
  14. Jason Dean

    Althuogh I am one of the millions of americans that is upset with the A.I.G fiasco I dont think we should loose focus on what is truely the problem here. The problem is our politicians. The ones who have been in charge of this country since this began are the ones who should be taking pay cuts and giving up there so called campaign contributions. They say the running of this country is like a business and right now business is not good, but I dont see any politicians giving up there raises or reducing there benefits. they should be leading by example. And if they realy cared about the the people and not there campaign contributors we would of seen the tarp and bailout money go to were it would of done some good for this country, and that is to the american tax payer. What are they going to do when we all lose our jobs and cant pay taxes. Thats right we dont matter, were middle class.

    March 19, 2009 at 5:04 am |
  15. Mitchel

    Good interview in terms of questions asked and responses. Kiran did a great job of being polite, when Frank was being frank. Great patience Kiran. Loll.

    March 19, 2009 at 4:35 am |
  16. Alan House

    Barney Frank is a typical politician with an agenda that has nothing to do with serving this country. I listened to him on CNN and MSNBC, what a load of crap. He's slamming AIG for paying bonuses that where approved by the Fed, and by contract with the AIG workers who received the bonuses. What about all the bonuses that were paid to Fannie Mae? don't hear a lot about that do we. And they are refusing to give the money back and congress is not even asking.

    FM is the group of idiots that us primarily responsible for this mess in the first place.

    I agree with the other posters to this topic; the politicians that helped cause this (Dems and Republicans), should give their raises back and resign.

    Lets get real! Fix things for the country, not your own stupid agendas.

    March 19, 2009 at 1:22 am |
  17. af

    The revolt against AIG bonuses is a classic example of the virulent anti-Semitism still present in the US.

    March 18, 2009 at 11:24 pm |
  18. mIKE wESNER

    With your investigation, I think Congress should give back their 4.5% pay raise for this year as they have really screwed up by letting the bailout money have special additions they say they didn't know about...why would anyone "approve" such amounts of monies without knowing what the bill stated..I agree that Non-performance deserves no raise"

    March 18, 2009 at 10:59 pm |
  19. mark

    Barney is a crook....that is why the dems have him sniffing catch a crook you need a better crook!

    March 18, 2009 at 10:38 pm |
  20. Jaiffar.

    Stephen F. Hayes is well known for his writings postulating an operational relationship between Saddam Hussein's Iraq and the al-Qaeda terrorist organization. He wrote in one of his articles this sentence: "...there can no longer be any serious argument about whether Saddam Hussein's Iraq worked with Osama bin Laden and al Qaeda to plot against Americans."

    Questions surrounding Hayes's journalistic credibility have been documented by Media Matters for America.

    3 Nov 2008 CNN Names Stephen hays to be a regular political contributor

    Sam Feist, CNN's political director said this,

    Steve will help CNN in its commitment to go beyond political spin and present viewers with the most in-depth and bipartisan insights."

    Stephen Hayes is the mother load of all spinners , soldiers died , family members lost loved once devastating their lives, young American children lost soldier mothers or fathers because of him and liars like him, who lied to the American public to gain support for the Iraq invasion, yet, his opinion gets respected by CNN and he gets rewarded a position on the best political team.

    my question is:

    Will CNN / Sam Feist accept partial responsibility for the death of all troops in the Iraq war and the suffering felt by families of the fallen soldiers?

    Responsibility begins from with in, for Journalism sake, some times some thing must be worth more than money and ratings, perhaps even death to the troops, what you have to lose is trivial in comparison and credibility is a life long marathon, you don’t get the final result until you are dead.

    March 18, 2009 at 9:35 pm |
  21. Ned

    The ireporters and the twitter comments make my think that your viewers are uneducated idiots. Makes me think that I need to find a station with a higher content level. Hopefully, in the future, we can eliminate all the on air personalities and just get the news from those idiots. I think that your jobs may be in jeopardy!

    March 18, 2009 at 9:13 pm |
  22. ramesh patel

    – these crooks on wall street are nothing less than bank robbers. why should they deserve any penny of bonuses for what they have done. These crooks should find a bucket full of water to drowned themselves.

    – if they were talented execs – why did their company went under?

    – now to address this mess our govt has to hire outside lawyers to defend it's case.

    -if these greedy people have any conscius they should retrun every penny back without bieng asked for.

    March 18, 2009 at 8:55 pm |
  23. Terry Naufzinger

    How can these retention bonus payments been to keep these employees around to help get out of this fiasco as Mr Liddy testified when the contracts to pay these retention bonus payments was drafted and signed in March of last year also as Mr Liddy testified?

    March 18, 2009 at 8:53 pm |
  24. Johnny Clark

    should have been talking about the politications obama refuse to answer when asked about his 100,000 he recieved from aig I hear no outrage about this. oh wait he is exempt I guess

    March 18, 2009 at 6:16 pm |
  25. Shelly

    I think Barney Frank was just plain RUDE to Kiran. He wanted to finish his sentence.......but his sentence turned into sentences that mad absolutely no sense. He was a blowhard! I'm sorry his disrespected you, Kiran!

    March 18, 2009 at 4:43 pm |
  26. cowboy

    fantastic work this morning, like always. keep it up!!!

    March 18, 2009 at 4:30 pm |
  27. Greg Collier

    "NOT SO FAST YOU GREEDY BASTARDS" pretty much sums it up for me – great headline!

    March 18, 2009 at 4:30 pm |