Treasury approved big pay raises at bailed-out AIG, Ally and GM, report says

Another indication of who controls the current administration

http://www.washingtonpost.com/business/economy/treasury-approved-big-pay-raises-at-bailed-out-aig-ally-and-gm-report-says/2013/01/28/1e0fe84c-695f-11e2-ada3-d86a4806d5ee_story.html?hpid=z3

nochain wrote:Another indication of who controls the current administration

http://www.washingtonpost.com/business/economy/treasury-approved-big-pay-raises-at-bailed-out-aig-ally-and-gm-report-says/2013/01/28/1e0fe84c-695f-11e2-ada3-d86a4806d5ee_story.html?hpid=z3

So the Wall Street and Corporate CEO's that get raises aren't the only greedy folks?....A raise with money from the government because they failed...wonder why were broke?...

Easily ignored... the left didn't bat an eye while goldman sachs execs filled the administration or when obama/geithner pressured dodd to insert loopholes into the stimulus that gave aig bonuses. Accountability is reserved for the enemy.

PkrBum wrote:Easily ignored... the left didn't bat an eye while goldman sachs execs filled the administration or when obama/geithner pressured dodd to insert loopholes into the stimulus that gave aig bonuses. Accountability is reserved for the enemy.

Lesser of two evils. That we ever even had any executive pay restrictions on companies that received TARP funds to begin with is better than having never had them at all. Recall that in 2009 when the executive pay restrictions for companies that received TARP funds where put in place by Obama and Geithner, the deluge of "Socialist!" and "Communist!" claims began flowing wildly on FOX, AM talk radio, and this forum.

If you scan the first page of this very forum, you will see that they still persist today.

Now, all this said, are you upset that the government isn't regulating the pay of these corporations, PkrBum? If so, how do you reconcile this with your other personality that posts here regularly?

http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses.congress/

The contradiction was never mine. I was never for any of the govt intervention... I don't give a damn which side did it.

PkrBum wrote:http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses.congress/

The contradiction was never mine. I was never for any of the govt intervention... I don't give a damn which side did it.

Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language

PkrBum wrote:Easily ignored... the left didn't bat an eye while goldman sachs execs filled the administration or when obama/geithner pressured dodd to insert loopholes into the stimulus that gave aig bonuses. Accountability is reserved for the enemy.

Ex-Goldmanites pervade all administrations. Remember TARP-daddy, Hank Paulson?

boards of FL wrote:

PkrBum wrote:http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses.congress/

The contradiction was never mine. I was never for any of the govt intervention... I don't give a damn which side did it.

Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language

Would there have been bonuses w/o bailout/stimulus? Did lehman bros execs get bonuses?

Margin Call wrote:

PkrBum wrote:Easily ignored... the left didn't bat an eye while goldman sachs execs filled the administration or when obama/geithner pressured dodd to insert loopholes into the stimulus that gave aig bonuses. Accountability is reserved for the enemy.

Ex-Goldmanites pervade all administrations. Remember TARP-daddy, Hank Paulson?

I've seen little to negligible difference between this administration and any of the others in my lifetime (50 yrs).

edit: except that the R's pretend it doesn't apply... and obama specifically promised not to do it.

PkrBum wrote:Would there have been bonuses w/o bailout/stimulus? Did lehman bros execs get bonuses?

Absolutely! In fact, they received some of the highest bonuses of all!

Instead of bailing the banks... and GM... out they should have given a $100,000 or more to every taxpayer. I would have been willing to pay one or two cents on the dollar to buy up some of the assets these bankrupt corporations currently possess.

That's called CAPITALISM baby and that's what makes America great!

*****CHUCKLE*****

https://www.youtube.com/watch?v=lAD6Obi7Cag

boards of FL wrote:

PkrBum wrote:Would there have been bonuses w/o bailout/stimulus? Did lehman bros execs get bonuses?

Absolutely! In fact, they received some of the highest bonuses of all!

Besides the top dogs trying to tear off chunks of meat... most are just now receiving a crammed down portion owed.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9668153/Former-Lehman-staff-to-get-bonuses-in-7bn-payout.html