I look forward to watching Glenn Beck on Fox News and hate it when I miss some of his excellent rants. He seems to just cut through the fluff and get right to the core of issues. In this set of videos he takes on Connecticut Attorney General Richard Blumenthal for going after the AIG bonuses. These are "must see" videos!
Showing posts with label aig. Show all posts
Showing posts with label aig. Show all posts
Monday, March 30, 2009
Thursday, March 26, 2009
Government limits for athlete's and movie star's pay?
A new Rasmussen survey shows that 30% of Americans believe the government, yes, the government, should get involved in limiting the pay of athletes and movie stars.
While the pay may be astronomically ridiculous, I believe it's not just ridiculous that anyone would want the government to cap their pay, it's downright scary.
Can these people not see beyond the end of their jealous noses? Does any sane person think that having the government step into any aspect of private industry pay is a good thing?
I suppose that's a silly question. A huge number of people want the government to take back the AIG bonuses. Many want the government to stick their grubby fingers into the pockets of "fat cats" on Wall Street. Loads of people who should be mad at the government are being led by the nose to vent their ire at hardworking people.
I am so frustrated and angry with all those who are buying into Obama-tactics. Don't you think they WANT us to be mad at Wall Street? at AIG? at all those who make more money than we do? Don't you understand that we are playing right into their hands when we succumb to class envy?
The more we hate capitalists, the easier it is for them to further their quasi-socialistic (or fully socialistic) style of government.
While we're distracted with misplaced anger, they're sliding bill after bill through Congress that dramatically changes our country.
We're where we are in this country right now not simply because of "greed" as they'd like us to believe. We are here because the government mucked it up. We are here because many of us have been asleep, lulled by good times into focusing on our daily lives while ignoring what has been happening in Washington, in local government, and to the moral fiber of our country.
Remember the oft-repeated saying about how they came for this group but I wasn't a member of it so I did nothing? We are running out of groups for the government to come after. There is almost nothing left between you and big brother right now.
We all know the government doesn't know how to put out a camp fire without burning down a forest. Every time they start a program or get involved in regulating private industry it turns into a fiasco. No one in their right mind should be able to condone having the government tell any free market agency, any free individual, how much money they should make. Or how they should run their business or life.
I was appalled when I heard the stats from Senator Jim DeMint (video) saying over 50% of the American population was dependent on the government in some form or manner. 20% work for the government, 20% get social security and are on Medicare (or Medicaid, always get those two mixed up), and the remainder are on the dole with Welfare or some other similar program.
It's not surprising given those numbers that so many want more government involvement. But it is so sad. We are fast, fast, fast, becoming a nation made up of people with their hands held out for manna from the almighty government.
We have to find a way to turn this country around now. Maybe it is time for an Ayn Rand style Atlas Shrugged revolt. Maybe all the producers need to pack their bags and move to the hills. Let's all retire, then see who pays the bills for all the moochers.
You know, much as I'd like to do something like that at times, I can't. Call me Dagny Taggart if you'd like, but I'll fight until I'm forced to stop.
30% Say Government Should Limit Pay for Athletes and Movie Stars
While a great deal of public anger is focused at corporate executives these days, Johnny Depp and the Boys of Summer don't fare much better. Thirty percent (30%) of Americans believe the government should make it illegal to pay movie stars and athletes more than $1 million per year.
While the pay may be astronomically ridiculous, I believe it's not just ridiculous that anyone would want the government to cap their pay, it's downright scary.
Can these people not see beyond the end of their jealous noses? Does any sane person think that having the government step into any aspect of private industry pay is a good thing?
I suppose that's a silly question. A huge number of people want the government to take back the AIG bonuses. Many want the government to stick their grubby fingers into the pockets of "fat cats" on Wall Street. Loads of people who should be mad at the government are being led by the nose to vent their ire at hardworking people.
I am so frustrated and angry with all those who are buying into Obama-tactics. Don't you think they WANT us to be mad at Wall Street? at AIG? at all those who make more money than we do? Don't you understand that we are playing right into their hands when we succumb to class envy?
The more we hate capitalists, the easier it is for them to further their quasi-socialistic (or fully socialistic) style of government.
While we're distracted with misplaced anger, they're sliding bill after bill through Congress that dramatically changes our country.
We're where we are in this country right now not simply because of "greed" as they'd like us to believe. We are here because the government mucked it up. We are here because many of us have been asleep, lulled by good times into focusing on our daily lives while ignoring what has been happening in Washington, in local government, and to the moral fiber of our country.
Remember the oft-repeated saying about how they came for this group but I wasn't a member of it so I did nothing? We are running out of groups for the government to come after. There is almost nothing left between you and big brother right now.
We all know the government doesn't know how to put out a camp fire without burning down a forest. Every time they start a program or get involved in regulating private industry it turns into a fiasco. No one in their right mind should be able to condone having the government tell any free market agency, any free individual, how much money they should make. Or how they should run their business or life.
I was appalled when I heard the stats from Senator Jim DeMint (video) saying over 50% of the American population was dependent on the government in some form or manner. 20% work for the government, 20% get social security and are on Medicare (or Medicaid, always get those two mixed up), and the remainder are on the dole with Welfare or some other similar program.
It's not surprising given those numbers that so many want more government involvement. But it is so sad. We are fast, fast, fast, becoming a nation made up of people with their hands held out for manna from the almighty government.
We have to find a way to turn this country around now. Maybe it is time for an Ayn Rand style Atlas Shrugged revolt. Maybe all the producers need to pack their bags and move to the hills. Let's all retire, then see who pays the bills for all the moochers.
You know, much as I'd like to do something like that at times, I can't. Call me Dagny Taggart if you'd like, but I'll fight until I'm forced to stop.
30% Say Government Should Limit Pay for Athletes and Movie Stars
While a great deal of public anger is focused at corporate executives these days, Johnny Depp and the Boys of Summer don't fare much better. Thirty percent (30%) of Americans believe the government should make it illegal to pay movie stars and athletes more than $1 million per year.
Wednesday, March 18, 2009
Isakson Criticizes AIG Bonuses, Repeats Call for Independent Commission to Investigate Near Collapse of Banking System
‘We Must Begin to Find the Answers That the American People Demand’
During a speech on the Senate floor, U.S. Senator Johnny Isakson, R-Ga., today criticized the $165 million in bonuses and retention pay distributed by the American International Group and repeated his call to create a Financial Markets Commission to fully investigate the near collapse of the banking system and the loss of tens of trillions of dollars.
“We were all reminded yesterday when word of the AIG bonus payouts hit the news of the frustration the American people have with the financial difficulties this nation is experiencing. We must begin to find the answers that all of us seek and that the American public demands,” Isakson said. “I urge my colleagues to look at the Financial Markets Commission. We can learn from the mistakes that have been made, we can put in the transparency necessary to prevent it from happening in the future and we can restore the confidence of the American people.”
On Jan. 22, Isakson and Kent Conrad, D-N.D., introduced legislation to create a seven-member, bipartisan Financial Markets Commission. The commission is modeled after the 9-11 Commission, which thoroughly and independently investigated the failures leading up to the September 11, 2001, terrorist attacks and made sound recommendations on where we needed to improve to prevent another attack in the future.
Likewise, the Financial Markets Commission will have one year to investigate all the circumstances that led to this financial crisis. The panel will have the authority to refer to the U.S. Attorney General and state attorneys general any evidence that institutions or individuals may have violated existing laws. At the end of its investigation, the Commission will report to the President and to the Congress its recommendations for statutory or regulatory changes necessary to protect our country from a repeat of this financial collapse.
This bipartisan Commission shall include two appointees by the President and one appointee each from the Speaker of the House, the House Republican Leader, the Senate Democratic Leader, the Senate Republican Leader and the Chairman of the Board of Governors of the Federal Reserve System.
Co-sponsors of the legislation include Sens. Saxby Chambliss, R-Ga., John Cornyn, R-Texas, Bill Nelson, D-Fla., James Risch, R-Idaho, Jeff Sessions, R-Ala., Olympia Snowe, R-Maine, and Sheldon Whitehouse, D-R.I.
During a speech on the Senate floor, U.S. Senator Johnny Isakson, R-Ga., today criticized the $165 million in bonuses and retention pay distributed by the American International Group and repeated his call to create a Financial Markets Commission to fully investigate the near collapse of the banking system and the loss of tens of trillions of dollars.
“We were all reminded yesterday when word of the AIG bonus payouts hit the news of the frustration the American people have with the financial difficulties this nation is experiencing. We must begin to find the answers that all of us seek and that the American public demands,” Isakson said. “I urge my colleagues to look at the Financial Markets Commission. We can learn from the mistakes that have been made, we can put in the transparency necessary to prevent it from happening in the future and we can restore the confidence of the American people.”
On Jan. 22, Isakson and Kent Conrad, D-N.D., introduced legislation to create a seven-member, bipartisan Financial Markets Commission. The commission is modeled after the 9-11 Commission, which thoroughly and independently investigated the failures leading up to the September 11, 2001, terrorist attacks and made sound recommendations on where we needed to improve to prevent another attack in the future.
Likewise, the Financial Markets Commission will have one year to investigate all the circumstances that led to this financial crisis. The panel will have the authority to refer to the U.S. Attorney General and state attorneys general any evidence that institutions or individuals may have violated existing laws. At the end of its investigation, the Commission will report to the President and to the Congress its recommendations for statutory or regulatory changes necessary to protect our country from a repeat of this financial collapse.
This bipartisan Commission shall include two appointees by the President and one appointee each from the Speaker of the House, the House Republican Leader, the Senate Democratic Leader, the Senate Republican Leader and the Chairman of the Board of Governors of the Federal Reserve System.
Co-sponsors of the legislation include Sens. Saxby Chambliss, R-Ga., John Cornyn, R-Texas, Bill Nelson, D-Fla., James Risch, R-Idaho, Jeff Sessions, R-Ala., Olympia Snowe, R-Maine, and Sheldon Whitehouse, D-R.I.
Friday, February 6, 2009
And we think they can handle really big money???
We've already watched our government fritter away billions and billions of dollars with nary a dent in this "recession". Now they want us to believe they're going to be able to deal with a trillion or more? Are they nuts? Are we nuts? We need an uprising. We need to take back our government. We gave it away thanks to millions who didn't have a clue who or what they were voting for. Now we need to get off our duffs and take it back. Come on folks, get busy or we're going to lose our country completely.
Don't let them pass this stimulus, scamulus, porkulus bill!!!!!
AIG, Citi deals gave US Treasury least value-report
By David Lawder WASHINGTON, Feb 6 (Reuters) - The U.S. Treasury Department bank bailout program received the least value from its investments in the most troubled surviving institutions -- American International Group and Citigroup, a new report from a watchdog panel showed on Friday. The Congressional Oversight Panel report said the Treasury overpaid financial institutions by about $78 billion in its capital injections last year through the Troubled Asset Relief Program. It paid $254 billion in 2008 in return for stocks and warrants worth $176 billion under the Troubled Asset Relief Program. This conclusion was first disclosed on Thursday by the panel's chairwoman, Elizabeth Warren, in U.S. Senate testimony. But the new report provided more details on the methodology and it also concluded that the U.S. government received far less value than private investors did in recent major transactions in the financial sector. The report showed that the Treasury got the worst deal on second-round investments in American International Group for $40 billion and Citigroup for $20 billion under special aid programs tailored for the two institutions. For each $100 spent on these two companies. the Treasury received securities worth $41,
http://www.cnbc.com/id/29045660/site/14081545/for/cnbc/
Panel: Bailout Overpaid $78B For Stocks
A government watchdog group says the federal government overpaid for stocks and other assets from financial institutions under its $700 billion rescue program.
Treasury Overpaid for TARP Bank Assets, Report Says
Treasury overpaid for financial-sector assets in TARP, a new report says.
Here's my favorite (bias showing guys???? Bush did it??? Uh huh, he personally wrote those checks. They are right, though, it was his administration...):
Bush overpaid banks in bailout, watchdog says
The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.
- AB
Don't let them pass this stimulus, scamulus, porkulus bill!!!!!
AIG, Citi deals gave US Treasury least value-report
By David Lawder WASHINGTON, Feb 6 (Reuters) - The U.S. Treasury Department bank bailout program received the least value from its investments in the most troubled surviving institutions -- American International Group and Citigroup, a new report from a watchdog panel showed on Friday. The Congressional Oversight Panel report said the Treasury overpaid financial institutions by about $78 billion in its capital injections last year through the Troubled Asset Relief Program. It paid $254 billion in 2008 in return for stocks and warrants worth $176 billion under the Troubled Asset Relief Program. This conclusion was first disclosed on Thursday by the panel's chairwoman, Elizabeth Warren, in U.S. Senate testimony. But the new report provided more details on the methodology and it also concluded that the U.S. government received far less value than private investors did in recent major transactions in the financial sector. The report showed that the Treasury got the worst deal on second-round investments in American International Group for $40 billion and Citigroup for $20 billion under special aid programs tailored for the two institutions. For each $100 spent on these two companies. the Treasury received securities worth $41,
http://www.cnbc.com/id/29045660/site/14081545/for/cnbc/
Panel: Bailout Overpaid $78B For Stocks
A government watchdog group says the federal government overpaid for stocks and other assets from financial institutions under its $700 billion rescue program.
Treasury Overpaid for TARP Bank Assets, Report Says
Treasury overpaid for financial-sector assets in TARP, a new report says.
Here's my favorite (bias showing guys???? Bush did it??? Uh huh, he personally wrote those checks. They are right, though, it was his administration...):
Bush overpaid banks in bailout, watchdog says
The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.
- AB
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