Legal Commentary

Obama On The AIG Bonuses: "The Buck Stops With Me"

By Big Tent Democrat

Via Greg Sargent, President Obama accepts the responsibility for the AIG bonus fiasco:

Asked if he wished he’d known about the bonuses sooner, Obama said, in the course of answering: “Ultimately, I’m responsible. I’m the President of the United States…The buck stops with me.”

President Obama will be held responsible (or will get the credit) for what is done with the financial crisis in any event come 2012. That is why he should not worry about the short term politics but instead focus on what he thinks will work. My own view is that the policies he has implemented so far are much too timid and will not work.

Speaking for me only

Full post as published by TalkLeft on March 18, 2009 (boomark / email).