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- #181
If the treasury is blaming Dodd, that is a ringing endorsement for the man, because we know the treasury is responsible.
I'm going to apologize to him for even doubting him.
And all I had to back up my concern was info from Fox Financial?
What was I thinking.
And if that is the case, and Obama as recent as today stated he supports Geithner, you must ask who then is to blame for this mess? Would it be the president? He has already stated he is to blame - do you agree with Obama then?
We must also ask who actually altered the amendment allowing the bonus protection in the stimulus bill passed last month? That could not have been Geithner - it had to have been a legislator who knew of the Dodd amendment, then proceeded to amend it on their own. Who would have the authority to do that in a Congress dominated by Democrats?
We need to find out who took out the NO BONUS clause in committee.
Dodd and Republicans put in that they can get NO bonus' and/or $100K max bonus.
Who took those things out?
But I am not going to take your deductions seriously because I know your take on things is highly slanted. Sorry.
You are too ready to blame democrats and ignore what the Republicans have done.
Just like you were so ready to blame Freddy & Fanny and Dodd but ignore everything the GOP did to cause this mess. (deregulations, bundle loans together, send jobs overseas, predatory lending, etc).
If you ignore all the things that caused our economy to collapse, how do you dare blame freddy & fanny for giving poor people loans?
Wouldn't they still have their homes if their jobs were still here in America?
But look on the bright side. Some chinaman is making a good living manufacturing the products we use to make ourselves.
Now we have cheap products but no one is buying because we aren't making as much as we used to and/or we are afraid we will lose our jobs next.
And these bankers aren't loaning out the money we gave them. Instead they are buying up other banks, giving themselves bonus', etc. Is it any wonder that Bush tried to slip this into the $750 billion bailout?
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
So we know in September last year, Bush and Paulson were in favor of executive bonus'.
Here is the proof:
The deal proposed by Paulson is nothing short of outrageous. It includes no oversight of his own closed-door operations. It merely gives congressional blessing and funding to what he has already been doing, ad hoc. He plans to retain Wall Street firms as advisors to decide just how to cut deals to value and mop up Wall Street's dubious paper. There are to be no limits on executive compensation for the firms that get relief, and no equity share for the government in exchange for this massive infusion of capital.
What say you?
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter
Was that meant as a racist slant against the Chinese Bobo?
Just curious.