The execs who took the big bonuses...
Posted By: sam on 2008-09-08
In Reply to: Hogwash from disaffected HC diehard - No whining, need answers. sm
and cooked the books were democrats...(Raines and Gorelick). Can't blame this one on the Bush administration. Fannie/Freddie is the Dem's Enron. The "reform" bill that the Dems wrote and passed this year was the nail in the coffin of Fannie/Freddie. The Bush admin not responsible for that either. What the Bush Admin is responsible for is putting it under Fed control before it completely crashed and burned. I don't like having to pay for those cooked books bonuses; however...to preserve the nation's economy since over half the housing market is in Fannie/Freddie (another thing pushed along by the so-called "reform").
Tammy Bruce and her "ilk." At least she is an honest feminist and gives credit where credit is due. Hard line party first never mind if it is good for America feminists...yes, we are for promotion of women, but only if they stand directly on OUR platform and espouse only OUR views. Democracy? Not hardly. lol.
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Maybe that's where all the execs and sm
doctors will go who are bailing on their jobs now.....hmmmmm.
Financial bonuses
Two days ago on C-Span they seemed to congratulate the bigwigs of the financial companies who got BILLIONS in BONUSES. They ran down the list of those that were being questioned and how much they received. It's absolutely sickening. I had to turn it off.
Trying to stop CEO bonuses
The White House on Friday threw its support behind a plan to speed release of $25 billion in existing loans to the Big Three automakers but rejected a Democratic proposal to use money from a financial bailout to help the troubled industry.
The $700 billion financial rescue package was never intended to help automakers and shouldn't be now, White House spokeswoman Dana Perino told The Associated Press. But since Democratic leaders in Congress are pressing forward with a proposal to carve out a piece of its for the auto industry, she said the White House has decided to pursue a different approach: accelerating the availability of federal loans Congress first approved in September.
Those loans were approved to help automakers build more fuel-efficient vehicles and become more competitive companies in the global marketplace. The administration now supports allowing the loans to be released more quickly than the original legislation prescribed and to be used for more urgent purposes as the companies struggle to stay afloat.
"Democrats are choosing a path that would only lead to partisan gridlock," she said. "We are now actively calling on Congress to amend the loan program."
yes, it's one of the bonuses of working for the Q -nm
x
Know what makes me mad about the AIG bonuses?
My boyfriend is drawing Workmans Compensation. They are wanting to settle his case. The "negotiation" amounts were at about $130,000 settlement last fall when he found out he had to have another surgery and they put him on hold. Now, they are negotiating again, but can only $75,000 because the company does not have funds to pay anymore. Guess who the company is -
You guessed it ---- AIG!!!!
Bank executives will be getting bonuses
and we are fighting over crumbs and religion.
Obama recalling bonuses from AIG
Thank you!!!!
http://www.msnbc.msn.com/id/29714402/
From what I read, he's not recalling the bonuses
but trying to get that money back which might be impossible. For the first time in my life, I agreed with Barney!!!
Gee, wonder if Barney is going to receive some of that payout and just trying to throw everyone off the track. After all, he, Pelosi, and Reid were the ones who put this stupid bailout together, and without thinking about it, either. Real smart on their part.
Good for Gov. Cuomo. Hope he finds something. All this crap has to stop.
Wall street bonuses expected
http://www.foxbusiness.com/story/markets/industries/finance/wall-street-bonuses-expects-come-season-despite-bailout/
Paying bonuses this year is likely to result in a lot of backlash from the average American. After all, even with bonuses down dramatically, they are still higher than the average American, who is losing his or her home, makes. Not to mention the government bailout of financial firms, which seems to change daily, is coming from taxpayer dollars. Concerns abound—rightly or wrongly--that some of the $700 billion bailout could go to pay bonuses this year.
He has no legal recourse to "recall" bonuses.
Unfortunately, because these are private companies, they have contracts with the CEOs and they are absolutely within their rights to honor those contracts. However, if Obama can find a loophole to keep them from getting paid, then we'll see what happens then.
This is why the government shoulder NEVER get involved in private businesses. Once they start handing on money, they think they own private businesses and dictate everything to them, so now we are caught in a catch 22 so to speak; government has no business in private businesses but yet they have given private businesses OUR money with NO stipulations beforehand and are now "surprised" the bonsues will continue?! Pleeeze!!!
Taking 700B to give to executives bonuses.NM
x
AIG Employees Starting to Give Back Bonuses
WASHINGTON -- The chief executive officer of failed insurance conglomerate AIG told lawmakers Wednesday that he has asked executives to give back at least half of their bonuses.
Edward Libby, chairman and CEO of the American International Group, said that some workers there already have volunteered to return the money.
http://www.foxnews.com/politics/2009/03/18/aig-chairman-faces-congressional-grilling-bonuses/
Kind of like the mega-rich CEOs that see nothing wrong in billions in bonuses...sm
while the company disintegrates, faithful workers pensions and futures are taken away, and they basically rape the company for all it is worth, to he!! with the workers who made the company prosperous! In my mind, it is the same mindset---ENTITLEMENT. Get as much as you can as fast as you can and screw everyone else! FDR DID devise welfare as a safety net so families would not starve to death in desperate economic times, it was never meant to be a career or a way of life, we as a country have looked the other way, as with the illegal alien problem, far too long and must make sure our legislators DO something about it OR GET OUT!
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