Tag Archive | "TARP"

Bailout Big Pay

Don’t you feel good about bailing out the bastards who crashed the economy? Well, they certainly feel good about your contributions to saving their sorry asses — and they’ve been pocketing nice sums of money as a way of saying “thank you.”

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Wall Street Bonuses For Haiti

   The president is going to announce today a tax on the big banks and financial institutions: The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration official who briefed reporters […]

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Wall Street Quivers

   I like reading The Wall Street Journal because it often offers a bit of a chuckle. Like today: Wall Street reacted cautiously to talks by the Obama administration to overhaul pay practices at financial companies, worried about the specter of micromanagement but reluctant to fight back while the effort is at an early stage. […]

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Forced Labor, Hartmax

    I’m all for this: Hartmarx, known for its Hart Schaffner & Marx and Hickey Freeman suits, and for making President Obama’s inauguration tuxedo and topcoat, has long been America’s leading clothier for men. Now its workers want to make the company, which is in bankruptcy, a leader in a different way. Hoping to save […]

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About Bad Behavior

   People behave badly. Well, duh. I tend to be a forgiving sort in most individual cases. But, it’s the people who behave badly who hurt lots of people who can’t be allowed to just quietly slip into the night. I’m reminded of that because of two things I read, one yesterday and the other […]

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CEO Pay Caps: Fool’s Gold

  I suspect we are going to be distracted by an emerging debate between Congressional Democrats and The White House on how to handle the CEO pay caps written into the economic stimulus bill. This is a distraction because, in all honesty, the pay caps aren’t real.   Today, there is this news in The […]

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The Greed Continues: $121 Million For FOUR Merrill Execs

To the question "have they no shame?" we already know the answer. And as we dig deeper and scrape the bottom of the barrel where the bottom-feeders have been lurking, we learn more about the immoral behavior of the incompetent, greedy elites. Today, the the tally is $121 million for FOUR–count ‘em, FOUR–Merrill Lynch executives. […]

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A Demand: Banks Getting Our Money CAN’T OPPOSE Unions

  Perhaps only the prospect of hanging at dawn focuses the mind more than money. And now that we have the attention of all those banks and other folks who salivate at getting OUR (taxpayer) money through the Troubled Asset Relief Program (TARP), why not get something real out of them: write into new legislation […]

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