Submit a Story!
The Associated Press: Stimulus bill seeks to recover Wall Street bonuses
1 day ago WASHINGTON (AP) Financial institutions that received federal bailout money and paid large executive bonuses would be required to compensate taxpayers under the economic stimulus bill approved by the Senate. The $838 billion measure includes an amendment penalizing companies that paid ...
Instead of stimulus, do nothing – seriously
csmonitor.com — Stimulus is unconstitutional. And history shows that the economy can recover strongly on its own, if politicians... stay out of the way. (more) Instead of stimulus, do nothing – seriously
Stimulus Plan Places New Limits on Wall St. Bonuses
Stimulus Plan Places New Limits on Wall St. Bonuses
nytimes.com — A provision buried in the stimulus bill passed by Congress would impose restrictions on executive bonuses at... companies reaping bailout money. > (more) Stimulus Plan Places New Limits on Wall St. Bonuses
Clawing back bonuses
politico.com — Currently roiling Wall Street types is an amendment to the stimulus bill that started drawing attention last... night: A move that could effectively limit bonuses to $100,000, making the $500,000 executive compensation limit harder to evade and ... (more) Clawing back bonuses
Comments
Blog Reactions

Wyden pushes $3.2 billion payback of Wall Street bonuses
BlueOregon — ... The Wyden-Snowe amendment would basically take back all those big Wall Street bonuses from the firms that took bailout money. From the AP: ...

Fight Over Executive Pay Caps Isn't Over
TPM Election Central — ... , Sens. Olympia Snowe (R-ME) and Ron Wyden (D-OR) aren't done fighting for their proposal to claw back $3.2 billion in bonuses paid out by banks after they got government rescue money last year. ...

Related Content
The Associated Press: Bonuses no luxury for some Wall Street workers
google.com 2/3/2009 — Jan 30, 2009 NEW YORK (AP) To President Barack Obama, Wall Street's $18.4 billion in bonuses is "shameful." To thousands of bank employees who don't sit in corner offices, that money helps pay the bills. Outrage over the bonuses reached as high as ...
Obama: big Wall Street bonuses 'outrageous'
msnbc.msn.com 1/29/2009 — President Barack Obama believes the multibillion-dollar bonuses that Wall Street banks awarded themselves for 2008 are "outrageous", White House spokesman Robert Gibbs said on Thursday.
FT.com / US & Canada - Obama slams Wall Street over bonuses
ft.com 1/30/2009 — President Barack Obama lashed out on Thursday at “shameful” Wall Street executives for claiming billions of dollars in bonuses while their stricken institutions asked taxpayers for support. Mr Obama was responding to a report showing that financial ...
The Bonuses Could Still Be Stopped
openleft.com 1/30/2009 — 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 ...
Bonuses allowed by stimulus bill
cnn.com 3/18/2009 — Sens. Max Baucus, left, and Chuck Grassley, announced a plan to tax bonuses for executives that received bailouts.
What Red Ink? Wall Street Paid Hefty Bonuses
nytimes.com 1/29/2009 — Despite crippling losses in 2008, financial employees in New York collected an estimated $18.4 billion in bonuses for the year. >
Obama Calls Wall Street Bonuses ‘Shameful’
nytimes.com 1/29/2009 — The president criticized bankers for giving themselves $18.4 billion in bonuses as the government was rescuing firms. >
How You and I Are Paying Wall Street to Lobby Congress to Go Easy on Wall Street
tpmcafe.talkingpointsmemo.com 1/26/2009 — The new administration and Congress are busy preparing the second tranche of bailout money for Wall Street -- TARP II -- at the same time they're developing a new set of regulations to make sure Wall Street doesn't get into this kind of mess again. ...
Obama: $18B In Wall Street Bonuses "Outrageous"
huffingtonpost.com 2/4/2009 — WASHINGTON — "Outrageous." That's President Barack Obama's one-word reaction to a report that Wall Street employees got more than $18 billion in bonuses last year. Obama will have more to say about the payments after an Oval Office ...
Size of stimulus drops below $800 billion as talks continueCNN Political Ticker 2/11/2009
Collins and Lieberman are among those negotiating the latest version of the stimulus bill. WASHINGTON (CNN) – The size of the final stimulus bill, still being worked on at this hour, has dipped to about $789 billion, according to several ...
Congress and White House near final deal on stimulusReuters: Politics 2/11/2009
WASHINGTON (Reuters) - U.S. lawmakers and the White House were moving toward a final deal on Wednesday for what could be a stimulus plan of under $800 billion (556 billion pounds) that Democrats say is crucial to rescuing the struggling U.S. economy.
BREAKING: Lawmakers near agreement on $789B stimulusCNN Political Ticker 2/11/2009
WASHINGTON (CNN) — Two key senators involved in talks over the economic stimulus plan emerged from closed-door talks in the Capitol to say negotiators have essentially reached an agreement on a $789 billion package but still need to resolve ...
BREAKING: Deal on stimulusCNN Political Ticker 2/11/2009
Senate Majority Leader Harry Reid announced Wednesday a House-Senate deal has been reached on the stimulus. WASHINGTON (CNN) – House and Senate negotiators have reached agreement on an economic recovery bill, Senate Majority Leader Harry ...
Obama goes to Virginia, pushes infrastructure spendingCNN Political Ticker 2/11/2009
(CNN) – Virginia Gov. Tim Kaine joined President Barack Obama just outside Washington in the latest event in the new president’s efforts to push his economic stimulus package. “The time for talk has passed and now is the time to take bold and swift ...