Federal capitol investment- how broadly defined? any hospital, university, school, state, county or city that takes government funds? Any aerospace, construction, consulting, you name it firm, that has a government contract?
That’s what it sounds like.
“The measure is not limited just to those firms that received the largest sums of money, or just to the top 25 or 50 executives of those companies. It applies to all employees of all companies involved, for as long as the government is invested. And it would not only apply going forward, but also retroactively to existing contracts and pay arrangements of institutions that have already received funds.”
“Federal capitol investment- how broadly defined? any hospital, university, school, state, county or city that takes government funds? Any aerospace, construction, consulting, you name it firm, that has a government contract?”
Worth repeating!! BTTT!!
Post Office.....
No, “investment” and operating revenue from contracts are exactly the opposite in one sense. Investment flows from principals to the corporation. Operating revenue flows from customers to the corporation, thence to the original investors, either in the form of equity or dividends. Hospitals and places that get grants, you might be right.
‘(1) PROHIBITION- No financial institution that has received or receives a capital investment under this title, or with respect to the Federal National Mortgage Association, the Federal Home Loan Montage Corporation, or a Federal home loan bank, under the amendments made by section 1117 of the Housing and Economic Recovery Act of 2008, may, while that capital investment remains outstanding, make a compensation payment to any executive or employee under any pre-existing compensation arrangement, or enter into a new compensation payment arrangement, if such compensation payment or compensation payment arrangement-- ‘(A) provides for compensation that is unreasonable or excessive, as defined in standards established by the Secretary in accordance with paragraph (2); or ‘(B) includes any bonus, retention payment, or other supplemental payment that is not directly based on performance-based measures set forth in standards established by the Secretary in accordance with paragraph (2).
While it is incredibly broad, hitting ALL employees, it appears to be confined (if one can use that word on such a sweeping monstrosity) to 2008 bailout and mortgage legislation.
Looks to me like there's just a tiny step left to finish the takeover. How to stop them? Seems like only massive strikes and protests in the streets would get their attention ...
When I said this was coming, just a few weeks ago when they were taxing bonuses at 90%, I was told that I was being hyperbolic. I said "be careful what you hope for, it might just happen".
Or insures?