futureage1

It's not misleading it's more than a credible source, unfortunately you just seem to be brainwashed. Don't piss on people and tell them it's raining. They are not profitable as a PRIVATE company until TARP funds have been recovered. Ever think about public reaction if they used TARP funds to re-hire some of their old employees back instead of making the bozos who crashed the ship more comfy?

13 firms receiving federal bailout owe back taxes http://news.yahoo.com/s/ap/20090319/ap_on_...elinquent_taxes WASHINGTON

And the hits just keep on coming... Citigroup Said to Commit $10 Million for New Executive Suite "Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, after the U.S. government injected $45 billion of cash into the bank. " http://www.bloomberg.com/apps/news?pid=new...id=adLGVE_YzvUU Good thing they just raised credit card rates.

They are all in it together. Between this stunt and his countrywide mortgage he "couldn't find the papers for"(and just refinanced for a lower rate) to being instrumental in helping lift the Glass Steagal Act and creating the Enron Loophole, Mr. Dodd has more than earned his walking papers. This is actually distracting from the fact it was Dodd and Dodd alone who wrote a provision in the 1st TARP guaranteeing bonuses. This AIG crap was written in the stimulus. And please tell me what in the hell a economic stimulus for Main St. has any language in it that pertains to Wall St bonuses? Dodd is

Fed's Balance Sheet Expands, Buying Up To $300B Treasury Bonds, $750 Billion Mortgage Bonds "Where does the Fed get all the money? It prints it. The Fed's series of radical programs to lend or buy debt has swollen its balance sheet to nearly $2 trillion _ from just under $900 billion in September. Sohn believes the Fed's balance sheet could grow to $5 trillion over the next two years. The Fed has said it's mindful of the risks of pumping more money into the economy, bailing out financial institutions and leaving a key rate near zero for too long. There's the potential to plant the seeds

Will Obama, McCain, Dodd Return Contributions From AIG Employees? http://abcnews.go.com/Politics/story?id=7110145&page=1 Both Obama and Republican presidential candidate John McCain raked in much larger sums from AIG earlier in the year. Obama collected a total of $130,000 from AIG in 2008, while McCain accepted a total of $59,499. Is Obama going to fight lobbyists with their own money or in this case OUR money?

This is the best article I have read about the meltdown yet. But I have to warn you it is going to make you very angry and it is also very sobering when laid out in clear concise language. Time to take the blinders off this isn't a Republican or Democrat issue. This is an American issue and a complete breakdown of the political process. And to all who argued the Govt. could not get involved in contracts. There are reports now surfacing that Dodd from CT. stuck a provision in the first bailout to retain bonus payments. A Democrat I might add. Obama is up to his neck in it and knew about the bon

The populist revolt has now started. There are also marches planned for April 3rd and 4th on Wall St. http://takebacktheeconomy.org/

Meanwhile as we pay bonuses.... China Gains Key Assets In Spate of Purchases Oil, Minerals Are Among Acquisitions Worldwide SHANGHAI -- Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars' worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis. The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finan

I like the entry of "other" 4.60 Billion. And my guess is that the foreign banks are investments and not loans. Definitely not the intended use of the bailout funds. But it's not like we will ever know. And maybe "other" is to shore up Congress' retirement funds? Who knows right?

AIG farmed out money to the following banks and financial institutions after they received the bailout money - Total Bailout Via AIG Goldman Sachs $12.90 billion Soc Gen $11.90 billion Deutsche Bank $11.80 billion Barclays $8.50 billion Merrill Lynch $6.80 billion Bank of America $5.20 billion UBS $5.00 billion BNP Paribas $4.90 billion HSBC $3.50 billion Calyon $2.30 billion Citigroup $2.30 billion Dresdner $2.20 billion DZ Bank $1.70 billion Wachovia $1.50 billion ING $1.50 billion Morgan Stanley $1.20 billion Bank of Montreal $1.10 billion Rabobank $0.80 billion Royal Bank of Scotland $

There is not one because they were all bankrupt as given in the examples above. What you are referring to are anti trust laws and the examples are numerous google it or wiki. And yes, the bonuses are from bailout money did you not read the articles posted or listen to the news? All the bonuses are from 2008 when AIG was already bankrupt and surviving on taxpayer money. Thats what the term rewarding failure is referring to.

To quote Shrub, "The President is the decider." Now they don't have the exact same powers as judicial but as has been posted before they are well within their right to assign value or throw out contracts when federal money is involved. As it also has been previously stated, since we keep bailing them out they cannot declare bankruptcy and a judge and court cannot decide these matters, as was the case with the Big 3. That's why Bush demanded concessions and got them. Reagan also did it to air traffic controllers in the 80's. Obama just did it with stem cells. So is it only ok when Republicans d

I posted this a couple pages back. Surely if a judge can order this for union contracts when a company is bankrupt, the President and Federal Gov. have the power and obligation to do the same when any one of these companies that are bailed out are bankrupt, as well as in debt to much larger degrees than the airlines and auto makers combined. Like it has been said before, the contracts are not worth their paper at this point, in every sense of the word. And now I hear the argument is that it has to be voluntary on each side. In other words, these bailed out pricks are saying they are keeping ou

Man, you have a lot of anger. As I said in my edit (maybe you missed it?), the govt could have and should have set pre-conditions on the bailout money. The AIG bonuses are nauseating and there WAS a way to fix this. The administration screwed this up and as an Obama supporter and voter, this is on his administration (and the one before it). They fumbled this issue badly. I am sorry to say it, but I am not living in never never land, and my view is not the corporate point of view. It may be a lawyer's point of view (guilty as charged). The whole point of laws and rules is that they do

Nevermind that the USA will be third world country by the time the bailout business is done. Just honor contracts of basically nationalized companies and just pay the bonuses. No one here is saying not to pay salaries. But bonuses when we have a huge unemployment problem is unseemly and contrary to popular belief Gov. was set up to stop just such abuses of taxpayer money. In fact that is the whole basis of the founding of the country. It's not a slippery slope.

Like has been stated repeatedly, when you go to Gov. for money to supposedly save your company the rules change. All you are defending is a fucking farce. When you fail there are consequences like no fucking bonuses. It is really simple but it gets old hearing people defend this shit for no reason other than lack of understanding. A contract is null and void with Gov. money, other than salary. There would be no company without taxpayer's money. They will never pay back the loans and we get no benefits other than above market mortgages and jacked up credit card rates There are numerous examples

The article above my last post sure is good for a laugh. Yes, let's honor contracts. How about we start with serviceman and auto worker's first? But I'm sure in the writer's mind those don't count as binding contracts since the companies are insolvent, just the overpaid treasonous Wall Street execs contracts need to be honored, no matter the cost to the taxpayer.

I guess Obama can make cuts to veterans care but not stop the bonuses because of "contracts". It looks like contracts to our troops don't have to be honored, just Wall Street contracts. The American Legion Strongly Opposed to President's Plan to Charge Wounded Heroes for Treatment- The leader of the nation's largest veterans organization says he is "deeply disappointed and concerned" after a meeting with President Obama today to discuss a proposal to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries

Hypocrisy in action... It seems this "contractual obligations" excuse is insufficient for the labor unions. In 2005, United Airlines was allowed to file for bankruptcy and subsequently allowed by the bankruptcy court to forgo its "contractual obligations" to pensioners. This resulted in pension reductions of greater than 50% for retirees. From the International Association of Machinists (IAM) website: "IAM attorneys today argued that United could not unilaterally propose pension terminations and that IAM members never agreed to allow such fundamental modifications of contracts that remain

It already did this is a looting for the rich when our day of reckoning comes. Join a credit union. And what was that a few pages back comparing CEO pay to IT workers? This is what bailout funds go for. Wake up it's time. From Wall street Journal: JP Morgan Chase Expanding India Outsourcing By 25%? Posted by Bob Evans JP Morgan Chase is reportedly planning to increase its use of Indian outsourcers by 25% to handle the IT integration of Washington Mutual and Bear Stearns and other projects. The moves are expected to cut overall IT costs for JPMC even as it raises its volume of Indian outs

We heard from President Obama back at the end of January- that he considered bonuses 'shameful' and that there would be no more. President of Bank of America has been smirking as he continued to give out bonuses and not answer questions. They have all continued to abuse the funds. It's time for Congress and the White House to put an end to this. Although it's great to finally hear something else from the White House about this- it wasn't enough. We have not been reassured that the end is near on these bailout bonuses. In fact, it was stated that they might "use a planned $30 billion infusi

A tongue lashing? If the President is powerless to stop the bonuses, like he claimed until a few hours ago, then who runs our country? The Government or the banks? I'm not interested in PR like that. Action would get my attention, which is severely lacking from this WH. Face it the administration is stacked full of Wall Street crooks just like the last one. Please name any difference between Obama's and Bush's bailout policies? There are NONE. You are so blinded by partisanship you don't seem to realize we are being robbed just as blindly with Obama in office as Bush. Where is the change? And