Taxing banks guaranteed to increase fees, tighten lending

President Obama and Secretary Tim “TurboTax Screwed Me” Geitner approached the White House microphone today to bitch and moan about how much bank executives are getting paid, and announced a new tax plan to stick it to big-bank. The problem … big-bank will just pass along the tax burden to you.

Read More

Will there be outrage? Citigroup boosting salaries

Well now that the federal government has totally freaked out about compensation programs that include bonuses, companies will need to adjust compensation strategies to attract and retain talent. Citigroup will be increasing salaries 50 percent for some positions. I’m not surprised one bit…

Read More

Frank 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 More

White House political appointees keep Citigroup bonuses (Audio)

As congress continues to call AIG executives to task in televised hearings, Executive Branch political appointees keep year-end bonuses from Citigroup and that’s perfectly fine since – get this – there is no need to bother them with that trivial stuff since the government “needs the talent we have” and faces “enormous challenges” so they…

Read More

Dear AIG – I quit.

I’ve been waiting for stories to be released from AIG executives who elected to leave the company during the last week due to attacks from political hacks who never want to let a good crisis go to waste.

Read More

Dodd Man Walking?* Video

Kevin Rennie takes another look at Chris Dodd’s Irish Country Cottage and his conveniently vague and incomplete answers. After fist denying, than admitting, than blaming Treasury (W apparently wasn’t available) for that AIG Bonus Loophole he authored … Rennie says he’s being less than honest about the value of his Irish Ranchero too, and who…

Read More