Nope -- I do not agree at all. Obama is saying that what they did was shameful. He had no control over how they spent their Tarp I money.
It was deal worked out by the Bush Administration. Recall that Paulsen brought a 3 page piece of paper to Congress asking for $750 billion dollars over which he would administer all funds and with a blank check. The Democratic Congress backed him -- the republicans did not. They attached a few provisions, transparency and demands for lending, neither of which were followed. And now they are spending the remaining funds in bonuses. There is nothing that Obama can do but try to shame them since Paulsen didn't try to force them to follow the rules, and since transparency is only available to us when a few brave people buck the system. Things will be different now. They won't be given money again without strict guidelines and punishments attached if they can't do their jobs. \ It's disgraceful that grown men of Industry -- republicans all -- must be told that spending taxpayer money on bonuses is the wrong thing to do. On Jan 29, 10:34 pm, "Sumerian.." <[email protected]> wrote: > Obama is trying to tell WallStreet, that they must have paid them quietly. > That is all. Never expect more. > S1000+http://biz.yahoo.com/ap/090129/obama_bonuses.html > > > AP > > Obama calls $18B in Wall Street bonuses 'shameful' > Thursday January 29, 7:18 pm ET > By Ben Feller, Associated Press Writer > > Not mincing words, Obama says $18B in bonuses to Wall Street bankers is > 'shameful' > > > WASHINGTON (AP) -- President Barack Obama issued a withering critique > Thursday of Wall Street corporate behavior, calling it "the height of > irresponsibility" for employees to be paid more than $18 billion in bonuses > last year while their crumbling financial sector received a bailout from > taxpayers. > > > var YAHOO = YAHOO || {};YAHOO.RT = YAHOO.RT || {};YAHOO.RT.ADS = YAHOO.RT.ADS > || {};function rtAd_endTime(fName){var et = fName + > "_endTime";YAHOO.RT.ADS[et] = Number(new Date());}function > rtAd_startTime(){this.fName = "";this.url = "";this.startTime = > function(){var fr = document.getElementById(this.fName);if(fr) {var st = > this.fName + "_startTime";YAHOO.RT.ADS[st] = Number(new > Date());fr.src=this.url;}}}function rtAd_write(content, adurl, > id){document.write(content);YAHOO.RT.ADS['startTimeObj_'+id] = new > rtAd_startTime();YAHOO.RT.ADS['startTimeObj_'+id].fName = > id;YAHOO.RT.ADS['startTimeObj_'+id].url = > adurl;window.setTimeout("YAHOO.RT.ADS['startTimeObj_"+id+"'].startTime()", > 1);} > var ran = Number(new Date());var rt_ad_content =''; > var rt_ad_id = "rt_id_"+ran; > var rt_ad_url = > "http://ad.ae.doubleclick.net/adi/N5071.Yahoo/B3361823;sz=300x250;dcop...";; > rtAd_write(rt_ad_content, rt_ad_url, rt_ad_id); > > if(window.yzq_d==null)window.yzq_d=new Object(); > window.yzq_d['4ZG7MkwNBls-']='&U=13fe4jqrr%2fN%3d4ZG7MkwNBls-%2fC%3d720070.13254706.13389224.1435155%2fD%3dLREC%2fB%3d5607557%2fV%3d1'; > > "It is shameful," Obama said from the Oval Office. "And part of what we're > going to need is for the folks on Wall Street who are asking for help to show > some restraint, and show some discipline, and show some sense of > responsibility." > > ======= > > S1000+ > > ======= --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
