Barney Frank: TARP's comp curbs could be extended to all businesses

Financial Week ^

[keep your powder dry]

Barney Frank: TARP's comp curbs could be extended to all businesses - Would be part of broader bill limiting hedge funds, credit-raters, and mortgage securitizers; 'deeply rooted anger'

02/07/09 House Financial Services Committee Chairman Barney Frank said Congress will consider legislation to extend curbs on executive pay that now apply only to those banks receiving federal assistance. He said the compensation restrictions would apply to all financial institutions and might be extended to include ALL US COMPANIES....

[anniegetyourgun]

Welcome to FR.

[Huskrrrr]

Barney Frank should be making license plates and his prison pay sent to the taxpayers of this country.

[BenLurkin]

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.

That has got to be an error by the reporter.

Congress will never (legitimately) have the authority to legislate such a thing.

[FormerACLUmember]

Barney Frank: The fagala who destroyed the world economy.

[rbosque]

This is becoming quite clear. This financial mess caused by the Democrats is nothing more than power-grab for those socialists. This is a take over by the gov’t of as much as possible. This is a coup. Who’s being kicked out of office? Thomas Jefferson, Franklin, Washington, Adams...
Who’s in office now? Marx, Lenin, Trotsky, Castro, and Chavez.

I guess this is the “change” that treasonous bastard was talking about.

[GeorgiaDawg32]

nope, no error..

[Wyatt's Torch]

Yep. It is shocking the speed in which they are attempting to turn us into a socialist/Marxist economy. We are literally witnessing the attempted destruction of the United States.

[paulycy]

[keep your powder dry]

Old news, but how come no one (media) talks about:

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

and...

http://www.businessandmedia.org/printer/2008/20080924145932.aspx

[Melinda]

Frank is an idiot in high heels. His big cover is telling everyone else how stupid they are to mask his inabilities. He sanctioned this mess, and he should pay royally. Our DEEP ROOTED ANGER is aimed at you, Bawney!

[valkyry1]

But musicians, athlete’s, movie actors, and other celebrities are exempt.

[EEDUDE]

“Congress will never (legitimately) have the authority to legislate such a thing.”

Who said anything about legitimately?

[TheWasteLand]

Pretty unbelievable. Or all too believable.

[Callahan]

I wonder how Oprah, David Letterman and other rich Hollywood libs will take to having their salaries capped.

[muawiyah]

Barney talks big but his closest and most intimate friends will tell you that "he's not so big".

BTW, he's just saying these things to distract folks from the fact that the second the Republicans return to power in the House he's going to be locked up in a closet ~ his first.

[RobinOfKingston]

Congress will never (legitimately) have the authority to legislate such a thing.

With congress, the key word is always "legitimately."

[Wyatt's Torch]

They will be exempt...only those in “corporations”....

[DTogo]

TARP's comp curbs should start with CONGRESS

[callthemlikeyouseethem]

and there could be a 100% tax on everything over $250,000...;)