In this new age of Obama the words of Atlas Shrugged seem a little too accurate for comfort. People could always make the argument that the government had too many regulations, was strangling business, and hampering the overall good of society as a result. But there weren’t people who were “going Galt.” That is, the men of the mind never retreated never ran away. They | Read More »
Really, Mr. Secretary? Which is it?
Beginning with his tax difficulties, and continuing through the puzzling narrative of when and what he knew about the AIG bonuses, Treasury Secretary Geithner has done little to inspire the confidence of the American people. Oddly, Secretary Geithner continued his bizarre and puzzling conduct this week, making flatly contradictory statements about the dollar in a span of only 24 hours. This weakens confidence not only | Read More »
Unintended consequences of the Outrage o’ Meter (TM)
Outrage sure feels good, hunh? I mean, the public sure let all those AIG guys have it! Nothing like giving those overpaid, greedy Wall Street (well, uh, Connecticut) [email protected] the what-for! Except that people don’t like being made into public enemy #1; they have a tendency to up and leave. NEW YORK (Reuters) – Several more employees are leaving the controversial financial products unit that | Read More »
Democrats’ Executive Pay Sham Continues
Today, Rep. Barney Frank (D-MA) and Congressional Democrats have taken their false outrage over AIG bonuses a step farther by introducing a plan to limit pay for employees who work for TARP recipients. The entire controversy over executive pay demonstrates why the government has no business interjecting itself into the private sector. Washington has gleefully jumped at the opportunity to rack up political points over | Read More »
Hold the Phone: Dodd’s WIFE Was Paid by AIG?
Senator Dodd, there’s been a lot of attention recently to your relationship with AIG. You’re the top Congressional recipient of their political donations, they have a major presence in your state, and you sponsored a provision that allowed them to deliver bonuses to many of your constituents. And yet even as you’ve sworn up and down that you never wanted to protect AIG, and you | Read More »
Senate to discreetly shut down House AIG bill of attainder.
They may call it “delay,” but they mean “eliminate” – and the Washington Post is happy to assist with putting this story on the seventh page. Senate Will Delay Action on Punitive Tax on Bonuses Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to | Read More »
Orlando Tea Party ~ Lloyd Marcus American Tea Party Song
http://www.youtube.com/watch?v=8aZofIKLUuY Lloyd was on Fox this morning talking about the song. Glad he included their “dirty trick” of calling anyone that disagrees with Obama a racist.
Dodd’s Wife Recevied Tens Of Thousands Of Dollars For Serving As Director For AIG-Controlled Company
Do you remember the “analogies” section of the SAT? A is to B as X is to Y? Well, after the lady Huskies dismantled Vermont 104-65 in Sunday’s first round match-up, I think the following analogy is apropos. Kevin Rennie : Chris Dodd :: UConn women’s basketball team : University of Vermont Rennie has been ripping the scabs off of Dodd’s festering wounds for some | Read More »
Real AIG/Wall Street Solution – Shore Up Accountants
Douglas Poling, Joseph Cassano & Bernie Madoff vs. Joseph St. Denis & David Friehling The time has come for the members of the FASB to be appointed by the Federal Reserve. In the Wall Street Journal on Friday, March 20 the first paragraphs of an article titled, “Lawyer at Center of Troubled Unit Got Top Bonus” paints the picture of Wall Street and Washington’s (DC) | Read More »
Gov. Paterson (D-NY): AIG Contribution not related to AIG rescue.
Good thing that he cleared that up: AIG’s $100G donation to Democrats was unknown to Gov. Paterson, he says Gov. Paterson stuck to his guns Saturday, insisting he knew nothing about a $100,000 donation from AIG to the state Democratic Party days before his office helped save the insurance giant. State Republicans charged the Democrats with stonewalling an investigation into the Aug. 29 donation, uncovered | Read More »
Obama shames the 85 Republicans who voted for the AIG Bonus Tax
On 60 Minutes tonight, President Obama scolded Congress for the AIG Bonus tax bill. He saw this juicy opportunity to take the position of a wise and prudent leader. Now Congressman Cantor and the other 84 Republicans look even more foolish.
As Transparent as a Cinder Block
President Obama spent his two years on the campaign trail (and the last two months, still on the campaign trail) talking about many ideas to bring “Change” around. One of his biggest pet ideas is to bring about transparency throughout the government. You can read about just one instance as such here. Throughout all of this talk of transparency, one place where I am extremely puzzled | Read More »
Obama attempting to mitigate AIG Bonus meltdown?
From Blue Crab Boulevard we see the first subtle signs of panic from the Obama administration over the likely repercussions of letting Congressional Democrats attempt to scapegoat Wall Street for their own sins. Obama Seeks to Soften the Punitive Legislation WASHINGTON — The Obama administration wants to soften the impact of bills speeding through Congress that would impose heavy new taxes on Wall Street bonuses. | Read More »
Un-Grand Government Inquisitors would double AIG money back
Soon after we learned of the AIG bonuses last weekend, we were told that taxpayer money must not be used to fund them. Late Tuesday that prospect was remedied: In an effort to quell a mounting furor, the Treasury Department said late Tuesday that it would require AIG to repay the government more than $165 million in bonuses doled out last week to the executives | Read More »