Obama, lawmakers wrestle with bailouts, bonuses
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#1 Mar 25, 2009
Wall Steet honchos strive to make profits because of bonuses. Its their incentive to produce. Today with this fiscal mess, bonuses are front and center stage. This attention fails to alleviate our crisis. It just gives the public a target to blame. Wild risk taking not bonuses is the culprit. AIG insured derivatives. Derivatives piled on trillions of dollars in debt, about $20 trillion in the US and up to $50 trillion globally. Instead of harping about bonuses, our attention should turn to regulations, so this catasthrope mishap doesn't occur again. It's not about bonuses, it's about regulations, nevertheless bonuses make for splashier headlines and simplicity for everyone to understand. The market needs a complete overhaul, first on the agenda should be regulations, stopping excessive risk taking.
#3 Mar 25, 2009
I did not understand when Obama signed this bill with all the bonuses in plain sight and at his direction that he was so upset about hearing of them! This guy is a habitual lie maker or suffers from a mental deficiency. Can't anyone see he knew about what he then acted like he didn't? No character here. We are in trouble as this is never reported. Can we say Communism?
#4 Mar 25, 2009
The 'outrage' over the AIG bonuses was all part of the show. The real action last week was the monetizing of one trillion in debt. All of Barry and Timmah's misdirection aside, while the lame stream media was confused and omitted to cover it, many of us look more closely. This is bankruptcy for countries. When no other country is willing to loan you money, you loan it to yourself, admitting that you're bankrupt. You print a trillion dollars (as Obama is doing) effectively gutting the value of your currency. It is a form of taxation that Obama didn't tell his supporters about. You get the same number of bills, but they're not worth the same anymore.... because of the government's reckless spending.
Shame the media missed that. It doesn't take much to misdirect them, does it? I hope you all enjoyed the feigned outrage show last week. You sure paid for it!
“Demand answers. Don't be sheep”
Since: Oct 08
#5 Mar 25, 2009
Hey, maybe we can pass the blame on by calling people homophobes. If barney frank can do it after all his screw ups, why not??? We can't have people focusing on us liberals and see what a sham we are running.
#7 Mar 26, 2009
what is he thinking about doing this i mean get a life obama
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