CONTAINING LINKS TO 1280 STORIES FROM THE NETWORKS' NIGHTLY NEWSCASTS
     COMMENTS: NBC Self-Servingly Breaks Ranks on AIG

At first glance it seemed that NBC was sending a signal that the AIG spell had been broken. After three straight days when the insurance conglomerate's bonus scandal dominated the headlines, NBC appeared to break ranks. While ABC and CBS both decided to lead with the vote in the House of Representatives to tax those bonuses retroactively at a confiscatory 90% rate, NBC chose Barack Obama's road trip to California, where few of the citizens he met mentioned AIG. But no, NBC's motives for downgrading AIG were revealed to be self-serving not journalistic. The President's trip culminated with an appearance on NBC's own late night Tonight with Jay Leno. So AIG turned out to be the legitimate Story of the Day for the fourth day this week, since NBC's headline was a glorified promo. NBC and CBS, again, had substitute anchors. Repeating Wednesday's line-up, NBC used David Gregory and CBS Maggie Rodriguez.

The 328-93 House vote to tax bonuses would target not just the $165m paid at AIG that has provoked such outrage all week, noted ABC's Jonathan Karl, it would apply to any bonus in excess of $250,000 given to anyone working for any institution that has received any federal funds from the Treasury Department's TARP. NBC's Kelly O'Donnell noted that the action was "unusually fast" for the House of Representatives. "The House acted like a house on fire," quipped CBS' Wyatt Andrews. "The bill passed easily despite strong arguments that a 90% retroactive tax is probably illegal."

"What Congress did today looked a lot like a high profile do-over," mused NBC's O'Donnell. At issue, ABC's Karl explained, is "a tiny provision added into last month's stimulus bill that exempts employee contracts signed last year from new limits on pay." Sen Christopher Dodd, the Democrat from Connecticut, had sought the retroactive pay cuts but explained that he had been persuaded to relent for fear of lawsuits by "staff members at the Treasury Department he refused to name," as CBS' Andrews put it. Treasury Secretary Timothy Geithner appeared on CNN to confirm that his staffers had pressured Dodd with his assent. ABC's Karl commented: "It is Congress not the Treasury Department that writes the laws. Treasury pushed for the loophole but Congress went along with it."

NBC's Lisa Myers wondered how many bonuses were paid on Wall Street last year by the six major banks that received the lion's share of the TARP bailout. Only Bank of America gave her a figure--$1.6bn to 180,000 employees. The other five--Citigroup, JP Morgan Chase, Goldman Sachs, Morgan Stanley, Wells Fargo--gave her no comment although they claimed that "bonuses had been cut significantly and that top executives received no bonuses at all."


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