Wall Street prepares....
to work for Government scale
let's hope lawyers are next......
WASHINGTON — The White House says its upcoming financial plan will clamp down on the salaries and bonuses paid to Wall Street employees whose firms receive taxpayer help.
This administration is developing plans for how it will use the last $350 billion from the original $700 billion financial-sector bailout plan.
White House press secretary Robert Gibbs said Friday that those plans will directly address executive compensation and bonuses. President Barack Obama on Thursday called it "shameful" that Wall Street workers received more than $18 billion in bonuses in 2008 while their firms were receiving taxpayer help.
Gibbs said it was "very safe to assume" the administration's plans will take on the issue of Wall Street pay and bonuses.
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Comment by Ed— 2009/02/04 @ 10:27 AM — (Reply)
Comment by Dugg— 2009/02/04 @ 12:05 PM — (Reply)
Comment by Elmers Brother— 2009/02/04 @ 10:28 AM — (Reply)
Comment by Ed— 2009/02/04 @ 10:29 AM — (Reply)
Comment by Elmers Brother— 2009/02/04 @ 10:39 AM — (Reply)
Comment by aza spade— 2009/02/04 @ 01:07 PM — (Reply)
Comment by Ed— 2009/02/04 @ 01:18 PM — (Reply)
Comment by aza spade— 2009/02/04 @ 01:26 PM — (Reply)
http://www.alternet.org/workplace/124836
Comment by Dugg— 2009/02/04 @ 01:39 PM — (Reply)
Comment by jim— 2009/02/04 @ 02:04 PM — (Reply)
The execs will find the loopholes Obama will no doubt provide them.
Comment by Brooke— 2009/02/04 @ 02:15 PM — (Reply)
BG
Comment by Barry G.— 2009/02/04 @ 02:49 PM — (Reply)
Comment by aza spade— 2009/02/04 @ 02:57 PM — (Reply)
Comment by jim— 2009/02/04 @ 02:35 PM — (Reply)
it should have stayed the "f' out of the private sector and free enterprise
Comment by Elmers Brother— 2009/02/04 @ 03:01 PM — (Reply)
Comment by aza spade— 2009/02/04 @ 04:02 PM — (Reply)
BG
Comment by Barry G.— 2009/02/04 @ 03:44 PM — (Reply)
So just how does this work?
A bunch of gov't. theives trying to teach ethics to a bunch of corporate theives? They're all theives. Americans need to fire the idiots in office FIRST, elect someone who will stop handing out OUR money to these Wall Street losers, then we won't have so much to complain about. We're partly to blame. Shareholders need to fire the corporate theives.
See? Problem solved.
Comment by Pinky— 2009/02/04 @ 03:54 PM — (Reply)
Comment by aza spade— 2009/02/04 @ 04:04 PM — (Reply)
Comment by aza spade— 2009/02/04 @ 04:05 PM — (Reply)
BG, I'd be for taking these guys to task if the government hadn't penalized those banks if they didn't make those bad loans. It's Congress that needs to pay and pay big. Like one of my blogging buddies keeps saying the bucket has a hole in it.
Comment by Elmers Brother— 2009/02/04 @ 10:44 PM — (Reply)
Nothing like pissing off the corporate CEO's and convincing them to move their corporate offices to Switzerland.
Comment by FJ— 2009/02/05 @ 02:19 AM — (Reply)