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 spease 14 years ago
Barney Frank Said "We Are Trying On Every Front To Increase The Role Of Government"
by William R. Wilson 14 years ago
I got this in my email today. This is the sort of thing I hired Obama to do:Thoughts?
by theirishobserver. 13 years ago
Intellectual mouth-pieces and the blurring of RealityWriting in Saturday’s (22nd, May 2010) Irish Times.com , Prof Kelly, who originally predicted the economic crisis, said the open-ended guarantee of banks’ liabilities and the Nama bailout will leave the Republic with a “a worse ratio of debt to...
by Helen Murphy Howell 12 years ago
The UK is now on it's own after David Cameron's decision to use his Veto, so preventing the new Euro treaty being signed. But has he made the right decision? I can't help but feel that rather than using the veto because he 'promised the people of Britain' that if safeguards were not assured he...
by Andrew Spacey 5 years ago
In this 21st century have the privileged got too greedy?If as humans all we need is food&water, shelter, love, work and belief shouldn't we be cutting down on our material luxuries?Is corporate greed to blame for the current recession and financial anxiety?Are tax havens for the rich...
by SportsBetter 11 years ago
Freedom of choice or government entitlements and regulations?
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