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Hypocrisy Overload...Obama Attacks Greedy Wall St. Types With Noted Tax Evader Mistake Maker Next To Him
Ace of Spades HQ —
Hypocrisy Overload...Obama Attacks Greedy Wall St. Types With Noted Tax Evader Mistake Maker Next To Him You can't make this crap up (sorry, it's a NY Times link) President Obama fired a warning shot at Wall Street on Thursday, branding bankers shameful for giving themselves $18.4 billion in bonuses as the economy was spinning out of control and the government was spending billions to bail out many of the nations most prominent financial firms. Speaking from the Oval Office with Treasury Secretary Timothy F. Geithner by his side, Mr. Obama lashed out at the industry ...
Obama Calls Wall Street Bonuses Shameful
Democratic Underground Latest Breaking News —
... flush. It was a pointed and unusual flash of anger if a premeditated one from the president, and it suggested that he intended to use his platform to take a hard line against excesses in executive compensation. That is the height of irresponsibility, Mr. Obama said angrily. It is shameful, and part of what were going to need is for folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility. Read more: http://www.nytimes.com/2009/01/30/business/30obama.html...
The Bonuses Can Still Be Stopped
Open Left - Front Page —
Yesterday it was reported that Wall Street banks dished out $18.4 billion in bonuses during 2008. Today, President Obama and Senator Chris Dodd had some harsh words for those bonuses:
Bonus round: Obama, Dodd hammer Wall Street over $18.4B largesse
Following the report that Wall Street firms had handed out $18.4 billion in bonuses last year amid the financial meltdown, Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said he would look for "every possible legal means" to get the money returned.
"I'm going to be urging - in ...
The Bonuses Could Still Be Stopped
Open Left - Front Page —
Yesterday it was reported that Wall Street banks dished out $18.4 billion in bonuses during 2008. Today, President Obama and Senator Chris Dodd had some harsh words for those bonuses:
Bonus round: Obama, Dodd hammer Wall Street over $18.4B largesse
Following the report that Wall Street firms had handed out $18.4 billion in bonuses last year amid the financial meltdown, Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said he would look for "every possible legal means" to get the money returned.
"I'm going to be urging - in ...
The Winter of Our Economic Discontent
Firedoglake —
... this morning, and will then meet with his newly created Middle Class Task Force, after smacking back at Wall Street excesses yesterday. Veep Biden has ...
The Early Word: That Proverbial Train Wreck
The Caucus —
... to replace him, giving the Senate a majority of 60? (That is of course also dependent on whether Al Franken ultimately wrests the Minnesota seat away. Speaking of that possibility, the entire bloc of Senate Republicans sent a letter to Majority Leader Harry Reid yesterday demanding that he not seat Mr. Franken until the court battle with former incumbent Norm Coleman is settled.) Two days after meeting with Fortune 500 CEO’s in an attempt to sell the stimulus package, and a day after bashing Wall Street firms for handing out $18.4 billion in bonuses despite the mega-billion ...
Showbiz over Substance
The Corner on National Review Online —
... could have planted solar panels and a wind turbine on the White House roof or blasted the Bush Administration as he signed an Executive Order banning torture or lacerated the bankers who got us into the economic mess. But that's not his style, apparently. He has reversed the tactical, win-the-news-cycle sensibility of recent presidencies. During his first week in office, at least, he opted for strategy and substance over showbiz. What unfortunate timing. In today's New York Times we read this : President Obama branded Wall Street bankers "shameful" on Thursday . . . It was a ...
Giuliani Defends Wall Street Bonuses While Slamming Tax Cuts For The Poor
Think Progress —
... Yesterday, reacting to a New York State Comptroller report showing that Wall Street banks doled out $18.4 billion in bonuses in 2008, President Obama denounced the practice as “shameful.” “That is the height of irresponsibility. It is shameful, and part of what we’re going to need is for folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility,” Obama said emphatically. The same day, the Congressional panel overseeing the Troubled Asset Relief Program (TARP) recommended that ...
The Saturday Word: Moving On, Sort Of
The Caucus —
... , despite Mr. Obama’s rebuke last week (and his critiques of executive compensation on the campaign trail), the president’s plan to deal with the banking industry is “likely to refrain from imposing tougher restrictions on executive compensation at most firms receiving government aid.” In efforts to get along with the armed forces, Mr. Obama also does not seem to be in too much of a rush to withdraw from Iraq in 16 months and let gays into the military – and that suits the Pentagon just fine, The Times’s ...
“Now Is Not The Time For Profits”
Nice Deb —
... noticed a disturbing similarity of language between the two when he heard Obama express his outrage at the “shameful” Wall Street bonuses, recently: ...
