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online.wsj.com - 28 days ago

Michael W. McConnell: The Pay Czar Is Unconstitutional

— online.wsj.com — MICHAEL W. MCCONNELL Last week's announcement that "Pay Czar" Kenneth Feinberg slashed compensation for executives at seven... large financial firms by an average of 50% stunned Wall Street, stoked the fires of populist resentment, and troubled ... (more) Michael W. McConnell: The Pay Czar Is Unconstitutional

White House

Mitch McConnell

TARP

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4

washingtonexaminer.com - 10/23/2009

Examiner Editorial: Uncovering the bull under the bailout

— washingtonexaminer.com — Congress put American taxpayers on the hook for $700 billion last year when it approved the massive... bailout to paper over the imprudent lending decisions of nine Wall Street giants: Bank of America, Citigroup, Wells Fargo, JP Morgan Chase, Goldman ... (more) Examiner Editorial: Uncovering the bull under the bailout

Congress

TARP

Bailout Plan

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2

huffingtonpost.com - 10/22/2009

Why Wall Street Reform is Stuck in Reverse

— huffingtonpost.com — At a conference in London, a Goldman Sachs international adviser, Brian Griffiths, praised inequality. As his company... was putting aside $16.7 billion for compensation and benefits in the first nine months of 2009, up 46 percent from a year earlier, ... (more) Why Wall Street Reform is Stuck in Reverse

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Blog Reactions

Open Left - Quick Hits's RSS Feed:  Geithner Rejects $1 Trillion Limit on New Financial Bailout Proposal

MoJo Blog Posts: mojo:  This Is the TARP That Never Ends...

The Moderate Voice:  Goldman Sachs CEO: “I’m Doing God’s Work”

Reactions

역시 미국은 파시스트. http://bit.ly/10Bxon 19 days ago

Generation Bailout. Treasury Sec'y Geithner rejects any limits on new executive bailout authority - http://bit.ly/10Bxon 29 days ago

Geithner's got to go RT @davidsirota Rep. Sherman uncovers Geithner's huge Wall Street power grab buried in new bill http://bit.ly/4evUOA 10/22/2009

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Geithner Rejects $1 Trillion Limit on New Financial Bailout Proposal
Open Left - Quick Hits's RSS Feed — From Rep. Brad Sherman on The Hill: In my questioning of Treasury Secretary Timothy Geithner before the Financial Services Committee on Wednesday, I focused on the new bailout authority included in the 618-page legislative proposal submitted by the Treasury Department... Geithner's proposal reminds me of the Troubled Asset Relief Program (TARP), the $700 billion Wall Street bailout adopted last year, but the TARP was limited to two years, and to a maximum of $700 billion. Section 1204 is unlimited in dollar amount and is a permanent grant of power to the ...

This Is the TARP That Never Ends...
MoJo Blog Posts: mojo — ... is a provision in the bill they say gives the White House and Treasury unchecked authority to spend taxpayer money, without Congressional approval, to bail out any too-big-to-fail bank that's poised to topple the economy. Sherman calls the provision "TARP on steroids," writing in The Hill: ...

Goldman Sachs CEO: “I’m Doing God’s Work”
The Moderate Voice — ... else’s is going down, too.” A gracious reading would insist he was simply stating a fact that we are too intertwined to succeed as a whole if Wall Street goes down. This is true, in a way. But in another way I have to ask, “Do we want to save what we got?” Thirty years of stagnant wages, massive debt based consumerism, the list goes on and on. The fight isn’t over, it has yet to truly begin. As Rep. Brad Sherman (D-cA) recently wrote: In my questioning of Treasury Secretary Timothy Geithner ...