There have been over 1400 Sad Days for the US with a lying, draft-dodging idiot in control of damned near everything.

I agree when your company is effectively owned by the government, you lose your million dollar bonuses (unless you work at Fannie Mae; then you might even get a job in the administration.) Bills of attainder and busing rent a mobs to harass families is unacceptable, though.

If I worked at AIG, I’d take my bonus, pack the car and the kids and get out of Dodge City.

Has anyone asked BO outright if he read the stimulus package before it was passed?

I like you link to all points of view now. This past election taught me that lesson.

By the way, I did not vote for BO.

Has anyone asked BO outright if he read the stimulus package before it was passed?

I like you link to all points of view now. This past election taught me that lesson.

By the way, I did not vote for BO.

The Govt should not have given out the names and addresses of these bonus recipients. They and their families do not deserve to be threatened. If The Govt wanted this money back they should have sued AIG to get it instead of grandstanding like this.

For Obama and his Wall Street pals, corporate bonuses are entitlements to be bestowed upon winners — the competitive players of the investment class, rather than as a reward earned for responsible management with sustainable outcomes.

Watch Bruce Fein on FOX lay waste to Wall Street talking points that the constitution prohibits the federal government from taking back taxpayer-funded bonuses.

http://www.portfolio.com/
NEW YORK FED CHIEF TIM GEITHNER
The Man Who Saved (or Got Suckered by) Wall Street
by Gary Weiss June 2008 Issue

When asked if Geithner offered to resign what would he say, Obama replied to the effect that he would not accept his resignation. Something to the effect – the job is yours buddy.

Of course he will protect the little Timmy, Obama’s mother worked for Timmy’s father in Indonesia. At the Ford Foundation, I seem to remember, something about micro loans for native women to start their own businesses. It’s all in the family, so to speak. Obama grew up in Indonesia. Could be that the two have been friends for a long time.

Turbo Tax Cheating Timmy is making big money decisions for this country, and it’s a sad day for America when a tax cheater is in control of Treasury.

Once a cheat, always a cheat. Once a liar, always a liar. I guess they expected Chris Dodd to cover for him indefinitely.

“(1) IN GENERAL.—The Secretary shall review bonuses,retention awards

I believe it is in the rinse cycle.

Thnks

http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1

Pg 404 bottom of the pg(H. R. 1—405)

‘‘(IV) For any financial institution that received
financial assistance provided under the TARP equal
to $500,000,000 or more, the prohibition shall apply
to the senior executive officers and at least the 20
next most highly-compensated employees, or such
higher number as the Secretary may determine is in
the public interest with respect to any TARP recipient.
‘‘(iii) The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.
‘‘(E) A prohibition on any compensation plan that would encourage manipulation of the reported earnings of such.

Pg 406
‘‘(3) DEADLINE FOR RULEMAKING.—Not later than 1 year
after the date of enactment of the American Recovery and Reinvestment Act of 2009, the Commission shall issue any final rules and regulations required by this subsection.

‘‘(f) REVIEW OF PRIOR PAYMENTS TO EXECUTIVES.—

‘‘(1) IN GENERAL.—The Secretary shall review bonuses,retention awards, and other compensation paid to the senior executive officers and the next 20 most highly-compensated employees of each entity receiving TARP assistance before the date of enactment of the American Recovery and Reinvestment
Act of 2009, to determine whether any such payments were inconsistent with the purposes of this section or the TARP or were otherwise contrary to the public interest.

‘‘(2) NEGOTIATIONS FOR REIMBURSEMENT.—If the Secretary makes a determination described in paragraph (1), the Secretary shall seek to negotiate with the TARP recipient and the subject employee for appropriate reimbursements to the Federal Government with respect to compensation or bonuses.

‘‘(g) NO IMPEDIMENT TO WITHDRAWAL BY TARP RECIPIENTS.—
Subject to consultation with the appropriate Federal banking agency (as that term is defined in section 3 of the Federal Deposit Insurance Act), if any, the Secretary shall permit a TARP recipient to repay
any assistance previously provided under the TARP to such financial institution, without regard to whether the financial institution has replaced such funds from any other source or to any waiting
period, and when such assistance is repaid, the Secretary shall liquidate warrants associated with such assistance at the current market price.

‘‘(h) REGULATIONS.—The Secretary shall promulgate regulations to implement this section.’’

Link here:

http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_weil&sid=aGdxdLHUVGrs

Or the 3.6 trillion dollar budget that Obama wants us to cheer and hug him for [after the CBO has declared it unsustainable] or Geither’s decision [according to Paul Krugman] to embrace “zombie banks,” which means the taxpayers get stuck for the banksters’ greed.

As maddening as the AIG bonus x 3 waltz is, it’s small potatoes compared to what’s coming down the road.

This is same old, same old. The guys on top [Obama, Geithner, the whole crew] are protecting their own interests and them that brung ‘em to the dance.

They’re lying, all of them.