Posted on 02/03/2010 1:04:29 PM PST by NormsRevenge
WASHINGTON (AP) -- Treasury Secretary Tim Geithner (GYT'-nur) says Congress can recoup "outrageous" bonuses for AIG employees through a new bank fee in President Barack Obama's proposed budget.
American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees. Geithner called the bonuses, which were negotiated years ago, an "outrageous failure of policy."
(Excerpt) Read more at finance.yahoo.com ...
Socialist thugs. Don’t underestimate their totalitarian mindsets.
Translated, the taxpayer money paid for bonuses will be recouped by taking more money from taxpayers by charging fees to banks that they will pass along to their customers.
this guy is a clown
and then the banks can recoup the fees baid to the gov’t from the customers....no problem...our pockets are deep...not!!
AIG uses TurboTax ftw.....
OIC. So, you’re charging me to payback the gov’t approved bonuses that were already funded with my money to begin with?
Why do you demand putting a tax on my checking account to pay back the bonuses that you, Chris Dodd, and Barney Frank finagled for your cronies at AIG?
PS: Aren't you supposed to be headed for prison?
Signed,
The KG9 Kid
Marxists like redistributing funds.
Does this stupid tax cheat not realize that robbing banks will only hurt stockholders and the people who place money in banks?
It does not hurt the companies.
Has there ever been such a naive treasury secretary??
Big paydays for Fannie and Freddie bosses By Chris Isidore, senior writer December 24, 2009
"Top executives at mortgage finance giants Fannie Mae and Freddie Mac, both of which have been under government control since last year, received millions of dollars in pay in 2009, according to documents filed by the companies Thursday.
The chief executive officers of each company got annual pay packages worth $6 million apiece, while other top execs pulled in at least $2 million.
So the bailed out banks need to pay for the bailed out insurance company’s bonuses.
Timmy is a damn fool.
Freddie Mac records exempt from FOIA -Obama Admin Denies FOIA Request
http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/
Bob Secter and Andrew Zajac of the Chicago Tribune report that, while researching what went at Freddie Mac during the period White House Chief of Staff Rahm Emanuel served on the government sponsored enterprise’s board of directors, they were unable to get minutes of board meetings and other information:
The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as a director. The documents, obtained by Falcon for his investigation, were “commercial information” exempt from disclosure, according to a lawyer for the Federal Housing Finance Agency.
Freddie Mac executives cooked the books, mismanaged the firm, and ultimately drove it into the ground, costing taxpayers billions of dollars. The “commercial information” exemption is reserved for private companies–Freddie Mac is by no means a private company anymore.
Exactly.
Please be reminded the US government owns 80% of AIG. Perhaps you forgot it was nationalized by Barack Hussein Obama with your help. That makes it under the control of the US government.
How the US government could so profoundly mismanage AIG is beyond human comprehension.
It is a good thing you don't have any power over the Federal Reserve.
Oh crap.
A Taxpayer
Governance through moral relativism.
This is total bull crap. This can’t possibly fly, can it?
I’d like a slap or two at the Budget guy Orszag, he knocks one gal up and marries another.. who does he think he is, Tom
Brady? ;-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.