Posts Tagged ‘bailouts’
Will GM “bankruptcy” include renegotiation of union contracts?
What was the problem the Obama administration had with the General Motors plan to restructure the company? What was the plan GM CEO brought to the government that resulted in his ouster from the company?
Read MoreFrank targets ALL employee pay – not just executives
Not only does Rep. Barney Frank (D-Mass.) want to slander corporate executives by dragging them in front of some stupid committee hearing and confiscate their pay retroactively, Frank wants to have control over all compensation of any employee who works for a company that may have received bailout funding. My question is, will the Treasury…
Read MoreUp next: student loan forgiveness
Last fall it started. Congressional legislators like Senator Dick Durbin (D-Ill.) proposed – and president-elect Obama supported – “cram down” legislation allowing bankruptcy judges the ability to modify mortgages of primary residences. If lawmakers thought this was a good idea, it was certain that future legislation would allow modification of other loans including automobiles, credit…
Read MoreWall Street Witch Hunts
Democrats in Congress usually have a “thing” for privacy rights. Listening in on international phone-calls were one end of the conversation is a known or suspected terrorist? That’s bad. However, not all such intrusions are equal. McCarthy-esque intrusion into the lives of folks working on Wall Street? Wielding the tax code as a weapon against…
Read MoreCNN: Dodd recants … Admits he wrote loophole – Video – Update: “He Lied”
One day after saying he had no idea how the “Bonus Loophole” ended up in the Stimulus bill, CNN uncovers that in fact Chris Dodd’s staff wrote the loophole in an amendment to the Stimulus Bill that allowed the AIG bonuses to be paid. It’s more than just an embarrassing moment for Dodd, it’s another…
Read MoreThey Did It … Update – Bill Congress for commercials
Talk about Mr Smith goes to Washington. Shep Smith jumped ugly on Congress … and Chris Dodd. It is an amazing performance and worth watching for sure. Enjoy. Video now up … sorry about the delay. New software today, still working out the kinks. httpv://www.youtube.com/watch?v=sjymMNP_hJY He went on to call today’s hearing into the AIG…
Read MoreOh what a tangled web we weave …
First make a law … then implement it … then express outrage when it is … mix it up and you get … The $165 million AIG bonus flap that has caused outrage around the nation has its roots in a provision of Connecticut labor law that political leaders say needs to be changed. The…
Read More“Kids with their hands in the candy jar”
Art Laffer pretty much summed up the Government’s bailout of everyone from AIG to GM and Chrysler … they shouldn’t be in the business in the first place. It’s very funny.
Read MoreStossel On Bailouts
Hot Air blogged on this yesterday but I feel like we did not give it the attention it was due … so here’s the link to the Hot Air post and we will be featuring it in the first half hour of the show. For those of you not familiar with Joh Stossel he is…
Read MoreBig Three? Maybe not …
Today, the external auditors for General Motors expressed their concerns over the viability of one of the three US car-makers: “Auditors for General Motors today said there is “substantial doubt” that the struggling automaker will remain financially viable and able to continue operating, raising doubts about whether the company will have to declare bankruptcy or…
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