You can't make this up. This is what happens when the Government Regulates Business.
"WASHINGTON – The Treasury Department's pay czar said Friday that 17 banks gave their top executives $1.6 billion in lavish payments while they were receiving billions of dollars in taxpayer-funded bailouts.
Kenneth Feinberg said he did not have the authority to ask the firms to repay the money that was handed out during the financial crisis. But he said they should develop new rules on compensation that would allow them to slash compensation payments in future crises."
Anyone see a problem here? The Federal Government gives away YOUR tax money to the Wealthy... pretends like they are going to crack down then just shrugs their shoulders and says "there is nothing we can do".
All that is going to happen with Financial Reform is you will pay higher bank fees, get less money for your savings and checking accounts and the Wealthy Bankers will keep bribing and buying the Regulators and Politicians.
Obama = FAIL
Dodd = FAIL
Frank = FAIL
by spease7 years ago
Barney Frank Said "We Are Trying On Every Front To Increase The Role Of Government"
by William R. Wilson7 years ago
I got this in my email today. This is the sort of thing I hired Obama to do:Thoughts?
by mikelong5 years ago
http://www.foxnews.com/politics/2011/07 … k1%7C77674If businesses could play by the rules, perhaps they wouldn't need to be watched...
by Ralph Deeds4 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess...
by Moderndayslave5 years ago
"Monopolies and near monopolies have always been a source of economic power—from John D. Rockefeller at the beginning of the last century to Bill Gates at the end. Lax enforcement of anti-trust laws, especially...
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