Obama: Want to blame someone for AIG bonuses?

On Wednesday President Obama said that he will take responsibility about controversial bonus for AIG executives when AIG took $ 173 billion in bailouts.

“We did not draft this contract. We have got a lot on our plate. But it is precisely when your power is not going to make sure things like this,” said Obama at town hall meeting in Costa Mesa, California. Obama’s comments come just more than an hour after Chairman of Senate Banking Committee [Senator Christopher Dodd] told that he was responsible for the language added to the federal stimulus bill to ensure that the existing contract to receive the bonus in the company’s federal bailout money that is respectable. Both Dodd and the official said that administration officials fear the government will face many lawsuits without the new language.

Obama said at the town hall meetings that he was outraged at AIG executive bonuses that have been received, while the company has been getting tremendous support from the taxpayer to keep the doors open. “To all the people in Washington who are busy scrambling trying to figure out how to blame other people, just forward and speak to me, because I work to ensure that we improve messes even if I do not make them,” Obama said.

Afghanistan Ellection Need More Troops

Afghanistan Election

Kabul, Afghanistan – On Wednesday, General Jaap de Hoop Scheffer [NATO Secretary] said an additional four battalions [some 4,000 troops] were needed to provide security for Afghan elections in August. There are 17,000 U.S. troops and around 70,000 foreign soldiers in Afghanistan are due in the country over the year.

According to the Afghan constitution the presidential election is to be held in spring but the date was postponed until August due to the Afghan winter and to give foreign troops enough time to ensure security.

NATO commanders have been urging member states to send temporary deployments to secure the elections but had not previously given any numbers.

As the third largest troop contributing nation in Afghanistan, Germany has already committed 600 extra troops for Afghanistan Election. Current day, Germany contribute 3,500 soldiers that placed in Afghanistan.

Violence in Afghanistan is at its highest levels since the U.S.-led invasion in late 2001.Based on United Nations data, some 5,000 people, including more than 2,000 civilians, were killed in fighting last year alone.

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Donte Stallworth Hit a Pedestrian With His Bentley

Donte Stallworth [Cleveland Browns player] hit and killed Mario Reyes [59] a pedestrian with his Bentley on Saturday morning around 7 am on a busy causeway between Miami and Miami Beach. Reyes was taken to a nearby trauma center, where was pronounced dead about an hour later.

Mario Reyes was a crane operator for a shipping company. He had just come off the overnight shift and was crossing the street to catch a bus home. Reyes was taken to a trauma center and pronounced dead there about an hour later. It’s not clear if he was crossing legally.

Police says Donte Stallworth was collaborating with the investigators and is not charged. Officers drew blood to test for drugs or alcohol, which is standard procedure in this type of accident investigation. The results from the test could take anywhere from three days to three weeks. Stallworth said in a statement they were aware of what happened. His agent did not comment on this but wrote that they understand the seriousness of this.

Bernard Madoff Pleaded Guilty

NEW YORK –Bernard Madoff [70] pleaded guilty on Thursday to pulling off perhaps the biggest scam in the history of Wall Street. He was immediately taken off to jail in handcuffs to the delight of his seething victims. U.S. District Judge Denny Chin said that Madoff had the means to flee and an incentive to do so.

Bernard Madoff pleaded guilty to 11 charges against him with no deal with prosecutors, it means that he is under no obligation to disclose names and tell authorities where the money went. He is not believed to be cooperating with prosecutors.

“I am actually grateful for this opportunity to publicly comment about my crimes, for which I am deeply sorry and ashamed,” said Madoff

He said he accepted investors’ money but didn’t put it into the market. Instead, he sent them phony account statements showing that they were making money. It was a Ponzi scheme, or a pyramid, in which early investors are paid off with money taken in from later investors.