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

Posted on 02/11/2009 2:37:59 PM PST by 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....

(Excerpt) Read more at financialweek.com ...


TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: barney; bho2009; deathofthewest; democrats; porkulus; salarycaps; socialism; stimuluswatch
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1 posted on 02/11/2009 2:37:59 PM PST by keep your powder dry
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To: keep your powder dry

Welcome to FR.


2 posted on 02/11/2009 2:38:58 PM PST by anniegetyourgun
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To: keep your powder dry

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


3 posted on 02/11/2009 2:41:14 PM PST by Huskrrrr
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To: keep your powder dry
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.

4 posted on 02/11/2009 2:43:26 PM PST by BenLurkin (Mornie` utulie`. Mornie` alantie`.)
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To: keep your powder dry

Barney Frank: The fagala who destroyed the world economy.


5 posted on 02/11/2009 2:43:41 PM PST by FormerACLUmember
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To: keep your powder dry

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.


6 posted on 02/11/2009 2:43:48 PM PST by rbosque (10 year Freeper!)
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To: BenLurkin

nope, no error..


7 posted on 02/11/2009 2:44:35 PM PST by GeorgiaDawg32 (A democrat will break your leg, then hand you a crutch and take credit for your being able to walk.)
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To: rbosque

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.


8 posted on 02/11/2009 2:45:53 PM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: keep your powder dry

9 posted on 02/11/2009 2:46:33 PM PST by paulycy (BEWARE the LIBERAL/MEDIA Complex)
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To: Huskrrrr

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


10 posted on 02/11/2009 2:48:07 PM PST by keep your powder dry
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To: keep your powder dry
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!
11 posted on 02/11/2009 2:50:29 PM PST by Melinda
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To: keep your powder dry

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


12 posted on 02/11/2009 2:50:33 PM PST by valkyry1
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To: BenLurkin

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

Who said anything about legitimately?


13 posted on 02/11/2009 2:50:45 PM PST by EEDUDE
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To: keep your powder dry

Pretty unbelievable. Or all too believable.


14 posted on 02/11/2009 2:50:51 PM PST by TheWasteLand
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To: Wyatt's Torch

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


15 posted on 02/11/2009 2:51:45 PM PST by Callahan
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To: keep your powder dry
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.

16 posted on 02/11/2009 2:53:06 PM PST by muawiyah
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To: BenLurkin
Congress will never (legitimately) have the authority to legislate such a thing.

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

17 posted on 02/11/2009 2:54:59 PM PST by RobinOfKingston (Democrats, the party of evil. Republicans, the party of stupid.)
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To: Callahan

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


18 posted on 02/11/2009 2:55:19 PM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: keep your powder dry
TARP's comp curbs should start with CONGRESS
19 posted on 02/11/2009 2:57:07 PM PST by DTogo (I haven't left the GOP, the GOP left me.)
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To: keep your powder dry

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


20 posted on 02/11/2009 2:57:23 PM PST by callthemlikeyouseethem (Biden10/19/08: "I probably shouldn't have said all this because.. the press is here")
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