Posted on 03/20/2009 4:04:13 PM PDT by Rufus2007
For the second day in a row, CNBC "Squawk on the Street" co-host Mark Haines took on a Democratic congressman over the issue that American International Group (AIG) paid out too much in bonuses for a company that received federal bailout money.
On March 19, Haines took on alleged tax cheat Charles Rangel, questioning whether or not he should be dictating tax policy while the House Ethics Committee investigates him for his tax problems. On CNBC's March 20 "Squawk on the Street," Haines took on Rep. Brad Sherman, D-Calif. on the issue.
Sherman contended the 90-percent tax on bonuses exceeding $250,000 that the House passed 328-93 didn't go far enough. He said a government receivership would have been the proper way to handle AIG, and not the bailout method the federal government employed.
(Excerpt) Read more at newsbusters.org ...
GO MARK!!!!
Up on a tightwire.
One side ice, the other fire.
The bailout model gives Congress all of the power and none of the responsibility.
Now Barney Fwank is backhandedly threatening AIG executives with mob violence.
Does he know Rick Santelli??
What’s with these CNBCers calling out HolyO’s people and policies?? They are becoming the little boy who honestly told the truth, that the Emperor had no clothes!!
He attended Denison University and the University of Pennsylvania Law School and is a member of the New Jersey bar association.- from Wiki.
He aint scared
I saw both interviews. Rangel is a corrupt and hypotical SOB who would be tossed out by his constituents except his district is in Harlem.
Brad Sherman came across as a total jerk. He is so ignorant of the facts. He has to know that he knows little, but he was practically jumping up and down during his 2 minutes of fame. The word that comes to mind is A-hole.
As for Mark, he is good. Maybe I like him because I am a bit older than he is, but this guy always seems to get to the heart of the matter.
As for CNBC, I have been pleasantly surprised the past several months. First, they began to give the Bush finance people a “what for”. Then, since Obama took over and started making awful decisions, they have not minced words at all with his people. Aside from Fox, CNBC appears to be the only national station that is going after the truth. Even other CNBC on-air people I was not impressed with previously have turned out to be relentless in their seeking out the truth.
“putting on a show for you to see”,,,,,,,
I watch CNBC rather the Fox Business because they are not kissing up to Obama as badly as Fox.
Looks like Bibbs is going to have to do another presser.
Pray for America and Our Troops
But we need to apply it, not just to bonuses, but to other forms of compensation as well. We got all upset about bonuses, they started calling them retention payments. Now we are going to pass a tax law dealing with bonuses and retention payments.
You know what they are going to do? They are going to increase the salaries from $1 million a month up to $2 million a month. So the first thing we need, in any tax law designed to tax away the ill-gotten excessive compensation of executives with bailed-out firms is we need to deal with all forms of compensation, not just bonuses.
Otherwise we will go back to our constituents for the District Work Period and they will say, fine, Congressman, fine, Congresswoman, you dealt with the bonuses, what about the $1 million-a-month salaries? What about the fact that some of them went up to $2 million a month? Deal with the entire executive compensation. Deal with all of the major bailed-out firms.
http://www.thomas.gov/cgi-bin/query/F?r111:3:./temp/~r111vluS1x:e4182:
It’s the only TV I watch these days. It’s very easy to sort out the libs on this channel, they are the ones who are cowering lately and keep having their heads handed to them by the likes of Rick Santelli, Mark Hains, Larry Kudlow, Charlie Gasparino, and Michelle Caruso-Cabrera.
Fox Business watchers are missing the real thing.
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