Obama administration ready to tighten reins on Wall Street pay, bonuses

An up and coming Wall Street executive might want to hold off on buying that condo in Aspen.

[John]

To the extent that the government owns part of a company due to the bailout the administration should have some say and only as much say as they have interest in that particular company. Other than that it is frankly none of the governments business what a company wants to pay its ceo. That should be up to the people who own the company.

Its not about taking up for ceo s it is about private property rights, I don't want to see the government take them from me or anyone else.

Maybe it has nothing to do with any of that, perhaps Obama just wants to start a controversy over ceo pay because he knows that gets everyone riled up with wealth envy. That way they are not paying attention to our loosing half a million jobs for every month he has been in charge.

What about his billions and billions for the stimulus package. Nothing, we got 150,000 jobs they say, of course we have lost millions but he does not like to talk about that.

He owns this one, he can't blame it on bush, his budget with a deficit 4 times what bush had and his stimulus package.

I can't wait to throw the bum out at the next election.

[Joh]

The government has no room to criticize what people do with their money, look what they do with theirs.
In 1921, oil tycoon Harry Sinclair gave several prize head of cattle and around $269,000 to President Harding's Secretary of the Interior, Albert Fall.
In return, Sinclair got the exclusive rights to drill in an oil field in Wyoming. Sinclair's no-bid contract became the Teapot Dome scandal, the most notorious example of political corruption in America prior to Watergate.
Between 2000 and 2008, the United Auto Workers (UAW) union gave $23,675,562 to the Democratic Party and its candidates.
In 2008 alone, the UAW gave $4,161,567 to the Democratic Party, including Barack Obama.
In return, the UAW received 55 percent of Chrysler and 17.5 percent of GM, plus billions of dollars.
But nobody's calling this a scandal. It's time we start.

[Democratic Failure]

Government control of business. Step in do something big and sweeping like chop bonuses and airplanes while cutting the companies off at their knees.

It looks good for their constituents at home but wrecks industry. The aviation industry is now failing as a direct result. It only encourages the dishonest games such as simply getting your plane off the books or companies getting rid of tools such as planes when they need them the most.

This is not the same country and the path we are on has done more damage then anything we have ever done in the history of this country; even if we stoped now and took steps to reverse it.

We are in for a long dark road!

[wyojake]

Joh wrote:

The government has no room to criticize what people do with their money, look what they do with theirs.
In 1921, oil tycoon Harry Sinclair gave several prize head of cattle and around $269,000 to President Harding's Secretary of the Interior, Albert Fall.
In return, Sinclair got the exclusive rights to drill in an oil field in Wyoming. Sinclair's no-bid contract became the Teapot Dome scandal, the most notorious example of political corruption in America prior to Watergate.
Between 2000 and 2008, the United Auto Workers (UAW) union gave $23,675,562 to the Democratic Party and its candidates.
In 2008 alone, the UAW gave $4,161,567 to the Democratic Party, including Barack Obama.
In return, the UAW received 55 percent of Chrysler and 17.5 percent of GM, plus billions of dollars.
But nobody's calling this a scandal. It's time we start.

Now try presenting what the Republicans have received in contributions from corporation for the same periods. Be fair now - this one sided bullshit is nothing more than that.

[Chameleon]

Tune in daily to hear about the next communist
power grab.

[Le Jimbo]

he is now promoting communist ideas in place of socialist. That's change??????????

[The laughing liberal]

Joh wrote:

The government has no room to criticize what people do with their money, look what they do with theirs.
In 1921, oil tycoon Harry Sinclair gave several prize head of cattle and around $269,000 to President Harding's Secretary of the Interior, Albert Fall.

In return, Sinclair got the exclusive rights to drill in an oil field in Wyoming. Sinclair's no-bid contract became the Teapot Dome scandal, the most notorious example of political corruption in America prior to Watergate.

Between 2000 and 2008, the United Auto Workers (UAW) union gave $23,675,562 to the Democratic Party and its candidates.

In 2008 alone, the UAW gave $4,161,567 to the Democratic Party, including Barack Obama.

In return, the UAW received 55 percent of Chrysler and 17.5 percent of GM, plus billions of dollars.

But nobody's calling this a scandal. It's time we start.

BINGO!

Barack Obama, Chris Dodd, typical politicians for sale to the highest contributors!

[wyojake]

WHAT THE HELL HAPPENED TO REGULATION CONGRESS? IT WOULD MAKE THIS FINANCIAL ASS F*CK THE AMERICAN PEOPLE JUST TOOK A LITTLE EASIER TO TAKE FROM THE FINANCIAL INDUSTRIES IF WE KNEW IT WASN'T GOING TO HAPPEN AGAIN TOMMORROW! And your damned right I'm shouting. And anyone who voted for this bailout needs to be out on their ass.

[Wyoming1st]

Le Jimbo wrote:

he is now promoting communist ideas in place of socialist. That's change??????????

Save your ammo ol buddy, you're gonna need it.

[PooPoo Platter]

Joh wrote:

The government has no room to criticize what people do with their money, look what they do with theirs.
In 1921, oil tycoon Harry Sinclair gave several prize head of cattle and around $269,000 to President Harding's Secretary of the Interior, Albert Fall.
In return, Sinclair got the exclusive rights to drill in an oil field in Wyoming. Sinclair's no-bid contract became the Teapot Dome scandal, the most notorious example of political corruption in America prior to Watergate.
Between 2000 and 2008, the United Auto Workers (UAW) union gave $23,675,562 to the Democratic Party and its candidates.
In 2008 alone, the UAW gave $4,161,567 to the Democratic Party, including Barack Obama.
In return, the UAW received 55 percent of Chrysler and 17.5 percent of GM, plus billions of dollars.
But nobody's calling this a scandal. It's time we start.

Left to the tender mercies of the free market, Chrysler would have gone under, shuttered its factories, and scores of Americans would be out of work.

Fortunately the government stepped up and provided a lifeline. Because of that American workers were spared a lot of misery, the economy a lot of trauma, and the world went on.

Not only that, we had a new capitalist folk hero in Lee Iacocca. During the Reagan Administration.

Scandal? President Obama is taking a play from the Reagan playbook. We should wish him well.

[Chameleon]

wyojake wrote:

WHAT THE HELL HAPPENED TO REGULATION CONGRESS? IT WOULD MAKE THIS FINANCIAL ASS F*CK THE AMERICAN PEOPLE JUST TOOK A LITTLE EASIER TO TAKE FROM THE FINANCIAL INDUSTRIES IF WE KNEW IT WASN'T GOING TO HAPPEN AGAIN TOMMORROW! And your damned right I'm shouting. And anyone who voted for this bailout needs to be out on their ass.

Your buddy BO is leading the charge.

[wyojake]

Chameleon wrote:

<quoted text>
Your buddy BO is leading the charge.

Yes we are charging alright. Time to demand substance while they are too busy spending our money to ensure it is well spent and not wasted as much of it has been already. To continue on like nothing has happened is the worst mistake we can possibly make. It would have been better for it all to crash around our ears than let these criminals walk away unfettered or touched in any way. And that includes Congress.

[carey529]

wyojake wrote:

<quoted text>
Now try presenting what the Republicans have received in contributions from corporation for the same periods. Be fair now - this one sided bullshit is nothing more than that.

why don't you enlighten us, joke? how much DID the uaw give to republicans? how much did the teachers union give to republicans, and how much did the service workers union (ya know, the union started by the acorn brothers) give to republicans?

btw, you know A LOT about onesided bullshit ... most of your posts are just that!

[carey529]

wyojake wrote:

WHAT THE HELL HAPPENED TO REGULATION CONGRESS? IT WOULD MAKE THIS FINANCIAL ASS F*CK THE AMERICAN PEOPLE JUST TOOK A LITTLE EASIER TO TAKE FROM THE FINANCIAL INDUSTRIES IF WE KNEW IT WASN'T GOING TO HAPPEN AGAIN TOMMORROW! And your damned right I'm shouting. And anyone who voted for this bailout needs to be out on their ass.

"And anyone who voted for this bailout needs to be out on their ass."

INCLUDING obama!

[Dan USA]

We Americans know that our Pres. speaks eloquently, as most Harvard lawyers do. But can he do anything? And certainly he has no authority over corporation bonuses or caps on raises.

[Lawrence Wolf]

It's interesting how many posters seem willing to defend these greedy corporate Godzillas who have been feeding off the rest of us, and who are primarily responsible for the financial collapse.

[wyojake]

carey529 wrote:

<quoted text>
why don't you enlighten us, joke? how much DID the uaw give to republicans? how much did the teachers union give to republicans, and how much did the service workers union (ya know, the union started by the acorn brothers) give to republicans?
btw, you know A LOT about onesided bullshit ... most of your posts are just that!

http://www.opensecrets.org/orgs/list.php...

here knock yourself out. Note who gave to whom and how much and when you bitch about TARP and who got paid - know why ok? Hope you enjoy having your head up your ass, and a foot in your mouth as usual.

[wyojake]

carey529 wrote:

<quoted text>
why don't you enlighten us, joke? how much DID the uaw give to republicans? how much did the teachers union give to republicans, and how much did the service workers union (ya know, the union started by the acorn brothers) give to republicans?
btw, you know A LOT about onesided bullshit ... most of your posts are just that!

http://www.opensecrets.org/orgs/list.php...

think you can handle changing the year and taking a trip through time? Most often I present both sides but the clueless in their delusion tend to accept only their own horse's ass point of view and never go out and educate themselves. Try something different for a change. Bob are ya listening - applies to you too.

[wyojake]

The laughing liberal wrote:

<quoted text>
BINGO!
Barack Obama, Chris Dodd, typical politicians for sale to the highest contributors!

http://www.opensecrets.org/orgs/list.php...

goout and find who's for sale to the highest bidder. And how much it's cost us. You're an intelligent guy and the site is very impartial - just the facts Bobby.

[Owasso Mommy]

Lawrence Wolf wrote:

It's interesting how many posters seem willing to defend these greedy corporate Godzillas who have been feeding off the rest of us, and who are primarily responsible for the financial collapse.

They've been feeding off of you, huh? So, what you are saying is YOU employ THEM. Who do you think writes all of our paychecks. It sure isn't someone like you. Oh, I'm sure they are writing you a HUGE thank you note right now, for all that you've done for them and provided them. Which is what? How have they been feeding off of YOU?