Please, say it aint so...It's just a bad nightmare caused by a bit of undigested potato..Will Tiny Tim ever have the money for therapy so that he might walk again someday..Sorry Charlie, the US government is strapped and dont have that kind of money to throw around sooo foolishly..Are there no prisons, no work houses...
Dont read the following if you just ate..You cant make up crap like this...
Well here we are in downtown NY and Santa[US Gov] was just here a few weeks early and is actually kinda hanging around in case the Bank Execs have some last minute crucial requirements to insure another Great X-mas..Maybe their best X-mas ever...They completely destroyed the American Banking System as we knew it and are Being Rewarded...thusly :
I mean is this Audacity, or what ?
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay..
Barney watching and fretting and not doing much of anything when it comes to oversight...
Rep. Barney Frank, chairman of the House Financial Services committee and a long-standing critic of executive largesse, said the bonuses tallied by the AP review amount to a bribe "to get them to do the jobs for which they are well paid in the first place.
What are you going to Do About It Barney ?
Benign, maybe not so neglect ?
Even where banks cut back on pay, some executives were left with seven- or eight-figure compensation that most people can only dream about. Richard D. Fairbank, the chairman of Capital One Financial Corp., took a $1 million hit in compensation after his company had a disappointing year, but still got $17 million in stock options. The McLean, Va.-based company received $3.56 billion in bailout money on Nov. 14.
Why are Americans struggling to survive always Whining ?
Oh, darn ! That's tooo bad..
The program set restrictions on some executive compensation for participating banks, but did not limit salaries and bonuses unless they had the effect of encouraging excessive risk to the institution. Banks were barred from giving golden parachutes to departing executives and deducting some executive pay for tax purposes.
Smiles all around from The Big Money Boys and not even a reach around as the raping and pillaging continues unabated..I know one thing, I never ever want to hear the Congress Critters complain about SS, or Medicaire Going Broke ! Never again..Oh wait, the Big Three are tooo Big too Fail..! But SS and Medicaire aint...? Hello people..How much more abuse can we take..