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Rewarding Incompetence
8 hours ago ago from America\'s Living Room
Fannie Mae & Freddie Mac executives to receive millions in bonuses! Barney Frank – “Maybe its time to fire some people” (in response to AIG bonuses) March 16, 2009 “Rep. Barney Frank charged today that a decision by financially-strapped insurance giant AIG to pay millions in executive bonuses amounts to "rewarding incompetence." Echoing outrage expressed on both sides of the political aisle in the wake of revelations that American ...
Related contentStop Talking Down Business, Mr. President (II)
18 hours ago ago from Shout Bits
Since the posting of Stop Talking Down Business, Mr. President , part 1, Pres. Obama has announced his tepid opposition to the punitive AIG bonus tax bill working its way through Congress. The bill would tax bonuses paid by bailout recipients at up to 90%. Thank you, Mr. President, you made the right call here. Furthermore, Obama's general statement that the tax code should not be used to punish came right out of the free market handbook. ...
Related contentThe Brass at Big Finance Still Get Their Bonus.
21 hours ago ago from Rag Hand
From the BBC The heads of US mortgage giants Fannie Mae and Freddie Mac may each receive pay packages of up to $6m (£3.7m) for 2009, depending on company performance. The government has put $111bn of public money into the companies since taking them over and the awards go against moves to curb lavish pay packages. But the regulator which decided the pay levels said the awards were 40% lower than before the government bailout. ...
Related contentHealthcare Mandate vs. the Constitution
4 hours ago ago from News
http://www.scoop.co.nz/stories/HL0912/S00232.htm Does the United States Constitution allow Congress to force people to purchase a product (health insurance) from a private corporation, and fine them or tax them if they refuse? The answer is a matter of debate, but there is little dispute that such an act of Congress would be unprecedented. Original post blogged on b2evolution .
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