The Obama CYA Act of 2009

By: Brian Darling (Diary)  |  March 19th at 01:37 PM  | 

The House is debating HR 1586, a bill that would tax bonuses given to employees of bailed out businesses.  The bill would tax “90 percent of the TARP bonus received by the taxpayer.”  The TARP recipient’s employer must have received the money from “the Emergency Economic Stabilization Act of 2008″ (the TARP bailout), “the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation”, “members of | Read More »

Senator Jeff Sessions on AIG Bailout

By: Brian Darling (Diary)  |  March 16th at 03:02 PM  | 

Senator Jeff Sessions (R-AL) gave a great speech putting the AIG bonus issue in perspective today on the Senate floor. The bonuses for thousands of employees of AIG – the huge insurance company to which the government, the taxpayers of the United States, have shoveled $170 billion into to keep afloat – recall the Sessions maxim, announced about 20 years ago when I was U. | Read More »