Did Dems Have Master Plan?
These AIG bonuses are outrageous!! Bonuses are given for excellent behavior and who brings money into the company. But, Democrats were receiving political contributions and enacted the amendment that allowed the top execs at AIG to receive bonuses, so who’s more incompetent Congress or AIG execs? I don’t know, that’s a close one. Or did the democrats have a master plan so that they could | Read More »
The Obama CYA Act of 2009
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 »
The Tim Geithner Dead Pool
Tim Geithner should probably start packing his stuff. Now. Because what we have in the article in today’s Washington Post called “How the Fed Failed to Tell Obama About The Bonuses” is nothing more or less than an attempt to load up Mr. Geithner with unique responsibility for the AIG bonus fiasco, set him ablaze, and send him drifting out to sea. When one cuts | Read More »