As a follow-up to my previous post on the AIG bonuses, Representative Brad Sherman, a Democrat from California, gave an interview to TPM Digest in regards to what legal means the government might have used to stop corporate bonuses. The gist seems to be that the Treasury Department had the power, but hasn’t been [...]
Posts Tagged ‘Bailout’
16 Mar
AIG Bonuses and Government Impotence
Over the weekend a story has going on that AIG, a company that took billions in government money, is giving over $100 million in bonuses to their executives. They claim that these bonuses are ones that they’re contractually obligated to pay, they’re still using taxpayer dollars to give them. This article from the TPM Digest [...]
24 Feb
US Considering Nationalizing Banks
That’s pretty much what this is and for all of you crying about “socialism” and “communism,” I’d like to hear how else you’d like the government to regulate those banks that want billions of taxpayers’ dollars. And don’t say not to bail them out because that’s just not a smart move. Can you imagine what [...]
1 Oct
High Dive Into a Glass of Water…Politically, Of Course
Faux News kissing McCain’s ass and suggesting that he suspend his campaign again (though he didn’t really do it the first time) in order to swoop in and save the economy again!
My favorite part? McCain repeating that he will do whatever he has to and the Faux anchor saying that when [...]
