Posted on 03/19/2009 9:54:50 AM PDT by SonOfDarkSkies
can you find a link to that story?
i’d like to get some insight into whether or not we’re actually getting diluted
(i guess inflation == dilution)
Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.
Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.
Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.
Well I’ll be darned, it’s Dick Morris.
http://www.nypost.com/seven/03192009/postopinion/opedcolumnists/the_feds_futile_move_160224.htm
He should pay it back of course. I don’t blame any pol GOP or Dem for taking campaign money, but if there is a conflict of interest or the company is criminal or whatever, give the money back. Every day Obama delays makes him look bad...not surprising.
Darn right, You are speaking to the choir...I absolutely agree. In fact both of the ones you mentioned should be in orange jumpsuits...they got their money before Obama took office, but he should sick Justice on them and get our money back. One has to wonder after all the Enron hysteria why more of these bad actors have not been prosecuted...very suspicious.
thanks for that.
makes sense to me... but then again, i’ve been long on gold for a while.
Be careful what you call for in times of passion. The 90% bonus clawback looks a lot to me like a Bill of Attainder (see the Constitution of the United States, Article I, Section 9, paragraph 3). Who’s next?
I would rather suffer the hubris than open the Pandora’s Box we are seeing here.
They don't have to read the bills, the RATS are absolutely told how to vote...with consequences.
Well, if it’s unconstitutional, the court will strike it down...did you know that AIG is suing the government for some 400 million in tax money they claim to be owed. Apparently, if they send money to overseas people they get a tax deduction....crazy. The whole tax thing needs to be addressed.
This is hardly the same thing...it’s a red herring...we are talking about a company that is basically living on the taxpayer dime and sticking it to the taxpayers that allowed them to survive even though they had more to do with the economy tanking then any other entity.
$165 Million is a drop in the bucket compared to $700 Billion. We don’t like it but it’s only a distraction so they don’t have to talk about the main problems. If the Secretary of the Treasury would finish hiring his staff, he may be able to get things done. As it stands now, he dictates everything. Maybe that’s whay they want.
They are one in the same....
You speak the truth...this is absolutely true. I don’t see how these guys who are part of the problem can fix this mess. Geithner should definitely go.
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