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Treasury approved big
pay raises at bailed-
out AIG, Ally and
GM, report says
Washington Post, by Danielle Douglas
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Original Article
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Posted By:Dreadnought, 1/28/2013 9:39:02 PM
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| The Treasury Department ignored its own guidelines on executive pay at firms that received taxpayer bailouts and last year approved compensation packages of more than $3 million for the senior ranks at General Motors, Ally Financial and American International Group, according to a watchdog report released Monday. The report from the special inspector general for the Troubled Assets Relief Program said the government’s pay czar signed off on $6.2 million in raises for 18 employees at the three companies. The chief executive of a division of AIG received a $1 million raise, while an executive at GM’s troubled European unit
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Reply 1 - Posted by:
Keekng, 1/28/2013 9:41:37 PM (No. 9145308)
Under the bus, you ignorant taxpayers!
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Reply 2 - Posted by:
lylacat, 1/28/2013 9:42:49 PM (No. 9145310)
This news is appalling. A little know fact is that Ally is OWNED 80% by the taxpayer; that is why GM can sell so many cars. 0% down 0% interest for several months, and when the buyer does not pay, the taxpayer picks up the tab. Isn´t America wonderful. Neither GM or Ally should be getting bonuses or pay increases until the taxpayer is paid back, and the taxpayer will NEVER be paid back. Greed and corruption at its best. It makes me puke.
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Reply 3 - Posted by:
antiquegolf, 1/28/2013 10:11:34 PM (No. 9145351)
"What difference does it make!"
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Reply 4 - Posted by:
Dreadnought, 1/28/2013 10:13:26 PM (No. 9145353)
Coincidentally, my twitter feed populated with a promoted tweet from Ally Bank: ´What to consider when deciding to give the gift of cash.´
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Reply 5 - Posted by:
quark, 1/28/2013 10:20:50 PM (No. 9145366)
Ally is the old GMAC
GM & Ally are the same.
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Reply 6 - Posted by:
lil dotty, 1/28/2013 10:54:12 PM (No. 9145393)
Well isn´t that convenient. What a country Money for nothing and the cars for free
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Reply 7 - Posted by:
Spidey, 1/29/2013 4:53:13 AM (No. 9145575)
100% pure Obama crony paybacks. Bet they were all at Obama´s secret inaugural.Obama was just saying last week he was going to crack down on corruption like this and some people believed him.
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Reply 8 - Posted by:
pineledger, 1/29/2013 5:00:10 AM (No. 9145578)
Right, 7. Can you say kickback?
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Reply 9 - Posted by:
Trigger2, 1/29/2013 5:17:43 AM (No. 9145591)
Big pay raises for demonrat contributors and bundlers...no problem...nothing to see here.
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Reply 10 - Posted by:
Periwinkel, 1/29/2013 6:29:20 AM (No. 9145637)
Now I understand the soft focus, lovey-dovey ads afrom AIG lately. They were preparing for the bad news "dump" coming about their recent raises and bonuses for the officers of the company. If AIG was smart, they made sure those bonuses found their way to the bottom of the employee rosters.
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Reply 11 - Posted by:
Rumblehog, 1/29/2013 9:11:19 AM (No. 9145981)
Of course, because the under the table donations to the DNC were already agreed to.
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Reply 12 - Posted by:
mitzi, 1/29/2013 9:41:05 AM (No. 9146068)
Buried at the bottom of the article:
The three firms combined received nearly $250 billion in TARP funds. Only AIG has fully repaid its $182 billion bailout.
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Reply 13 - Posted by:
mickturn, 1/29/2013 10:10:44 AM (No. 9146155)
Crony payoff´s, it´s as simple as that.
Geitner should be in prison, in a cell with Bubba!
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Reply 14 - Posted by:
JackBurton, 1/30/2013 8:15:09 AM (No. 9147973)
Granted that GM´s bailout/WH-directed-restructuring was a political sop, AIG might bever have gotten into trouble if their old boss had been allowed to stay in charge but Eliot Spitzer, that paragon of virtue, hounded him out of his position. With that said, AIG didn´t cause the mortgage fasco but they did insure part of it... wisely, it turned out. If it weren´t for the liquidity crunch, they never would have been in short term trouble... with the TARP money, they were able to outlast the illiguidity of their positions and meet all obligations/make a profit. You, me, we´re all paid back plus interest and a lot of Fannie Mae problems have been resolved.
WHY NOT compensate the skilled problem solvers at AIG with big bucks? You want them being lured away to people who didn´t have problems? Leave the taxpayers holding a bigger bag?.
Ally... anyone remember their mortgage commercials?? Yeah, I have problems with GM and Ally... but why include AIgin this?
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Reply 15 - Posted by:
JackBurton, 1/30/2013 8:17:09 AM (No. 9147981)
Granted that GM´s bailout/WH-directed-restructuring was a political sop, AIG might never have gotten into trouble if their old boss had been allowed to stay in charge but Eliot Spitzer, that paragon of virtue, hounded him out of his position. With that said, AIG didn´t cause the mortgage fiasco but they did insure part of it... wisely, it turned out. If it weren´t for the liquidity crunch, they never would have been in short term trouble... with the TARP money, they were able to outlast the illiquidity of their positions and meet all obligations/make a profit. You, me, we´re all paid back plus interest and a lot of Fannie Mae problems have been resolved.
WHY NOT compensate the skilled problem solvers at AIG with big bucks? You want them being lured away to people who didn´t have problems? Leave the taxpayers holding a bigger bag?.
Ally... anyone remember their mortgage commercials?? Yeah, I have problems with GM and Ally... but why include AIg in this?
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Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Dreadnought"
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Maryland girl is armed with
arguments against gun control
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Washington Times, by David Sherfinski
Original Article
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Posted By: Dreadnought- 4/7/2013 11:26:36 PM
Post Reply
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A three-minute video of Sarah Merkle’s testimony about Maryland’s new gun legislation has drawn more than 2 million views on YouTube, won her praise from gun rights advocates across the country and even scored her an interview on national television last week. But the 15-year-old from Baltimore said she cares more about her message. “The biggest part of this is that the pro-gun, Second Amendment argument is getting publicity,” she said. “I like that it actually got out there, and not just because it’s me, but because it’s the argument.”
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Filibuster gains support to
delay gun control vote
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Washington Times, by David Sherfinski
Original Article
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Posted By: Dreadnought- 4/7/2013 11:25:18 PM
Post Reply
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A growing number of senators are trying to quash gun legislation before it even hits the chamber floor as Democrats hold out hope for a compromise and the White House gears up for a weeklong offensive to pressure Congress to act. Larry Pratt, executive director of Gun Owners of America, said as many as 13 senators now publicly support a filibuster on the motion to proceed on pending gun legislation, which effectively would block debate on the bill. “When you’re in a snake pit, you kill a snake any time and chance that you get,”
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White House looks to salvage
gun-control legislation
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Washington Times, by Tim Devaney
Original Article
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Posted By: Dreadnought- 4/7/2013 11:22:42 PM
Post Reply
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The Obama administration took to the airwaves Sunday morning to call on Republicans to back the president’s plan for gun control. In interviews on “Fox News Sunday” and ABC’s “This Week,”Dan Pfeiffer, a senior White House adviser, pointed out that 90 percent of Americans support President Obama’s plan to expand background checks on citizens who purchase guns, and he pressured Republicans to get on board with what he said where “common-sense measures.” “You can’t get 90 percent of Americans to agree on the weather,” Mr. Pfeiffer said on “Fox News Sunday.” Mr. Pfeiffer warned that a potential Republican filibuster
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Bipartisan unity on North Korea:
Republicans praise Obama’s
handling of threat
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Washington Times, by Guy Taylor
Original Article
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Posted By: Dreadnought- 4/7/2013 11:20:32 PM
Post Reply
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President Obama won rare foreign policy praise from Republicans for his administration’s handling of the North Korea crisis, as China signaled a possible readiness to play a more active role in pressuring Pyongyang away from provoking a military conflict. Two influential Republicans commended the White House on separate news talk shows Sunday for striking an effective balance by allowing senior Cabinet members to issue cautionary remarks in response to North Korea, while also strategically adjusting the U.S. military posture in the region. “This administration’s acted responsibly,” said Sen. Lindsey Graham
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Senate has become more
partisan, less collegial —
more like the House
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Washington Post, by Chris Cillizza
Original Article
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Posted By: Dreadnought- 4/7/2013 11:17:33 PM
Post Reply
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The world’s greatest deliberative body has started to look a lot like its legislative little brother over the past few years. The Senate was once regarded as the home of the great political orators of the time — not to mention the body where true dealmaking actually took place. Its members prided themselves on their cool approach to legislating, in contrast with the more brawling nature of the House. Senators, generally, liked one another — no matter their party — and weren’t afraid to show it, either personally or politically. No longer. The Senate has undergone a marked transformation
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Gun legislation’s prospects improve
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Washington Post, by Ed O´Keefe and Philip Rucker
Original Article
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Posted By: Dreadnought- 4/7/2013 11:14:37 PM
Post Reply
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Prospects for a bipartisan deal to expand federal background checks for gun purchases are improving with the emergence of fresh Republican support, according to top Senate aides. The possibility that after weeks of stalled negotiations senators might be on the cusp of a breakthrough comes as President Obama and his top surrogates will begin on Monday their most aggressive push yet to rally Americans around his gun-control agenda. Even though polls show that a universal background-check system is supported by nine in 10 Americans, the president has been unable to translate popular support
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An act of political malpractice
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Washington Post, by Ruth Marcus
Original Article
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Posted By: Dreadnought- 4/7/2013 11:12:28 PM
Post Reply
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On the matter of the president and Kamala Harris, I could go either way. I could write a column — call it Classic Feminist High Dudgeon — lamenting the president’s comments about the California attorney general’s good looks. This column would discuss the continuing, albeit more subtle, discrimination against women in the workplace. It would explain how, even if unintentionally, Obama’s reference to Harris’s attractiveness is demeaning — that it serves, in the apologetic words of White House press secretary Jay Carney, “to diminish the attorney general’s professional accomplishments and her capabilities.” It would, inevitably, invoke the president’s daughters
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Democrats push problem
solvers in House contests
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Washington Post, by Paul Kane
Original Article
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Posted By: Dreadnought- 4/6/2013 11:38:26 PM
Post Reply
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Democratic Party officials believe that Kevin Strouse is exactly the kind of candidate who can help them retake the House next year. He’s a smart, young former Army Ranger — good qualities for any aspiring politician. But what party leaders really like is that Strouse doesn’t have particularly strong views on the country’s hottest issues. Immigration? Tax policy? “Certainly I have a lot of research to do,” Strouse acknowledged in an interview Thursday as he announced his candidacy in a suburban Philadelphia House district. Strouse’s candidacy reflects an emerging
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Texas prosecutors’ slayings
unnerve rural Kaufman County
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Washington Post, by Stephanie McCrummen
Original Article
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Posted By: Dreadnought- 4/6/2013 11:33:08 PM
Post Reply
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KAUFMAN, Tex. — The judge was on the phone. “Yep, I said I’ll do anything,” Bruce Wood told the person on the other end, rubbing his forehead. “They asked me to do a eulogy. I don’t know what I’m going to say.” Elsewhere in the Kaufman County Courthouse, a sheriff’s deputy was handing out bulletproof vests. “I brought the smallest one,” he said to a secretary, who stared at the khaki armor as he explained how to adjust the side straps should the need arise. “These have the neck for a female.” Outside, two armed guards
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Vanishing workforce
weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
Post Reply
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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A Reporter Explains Why
Gun Coverage Is So Biased
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Power Line, by John Hinderaker
Original Article
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Posted By: Dreadnought- 4/6/2013 9:13:14 PM
Post Reply
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Well, not intentionally. But Jim Ragsdale of the Minneapolis Star Tribune attended a conference in Chicago on covering gun issues, which he describes this way: “Covering Guns” brought reporters with front-line experience covering mass shootings in Tucson, Ariz.; Aurora, Colo.; Newtown, Conn., and Red Lake, Minn., to meet with gun experts and advocates and gun trainers. Sponsored by the Poynter journalism center and funded by the McCormick Foundation of Chicago, we gathered in a city that witnessed 506 homicides last year. The idea, I take it
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Report: Carbon Emissions
in US Lowest Since 1994
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PJ Media, by Rick Moran
Original Article
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Posted By: Dreadnought- 4/6/2013 9:03:02 PM
Post Reply
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Carbon emissions in the US were at their lowest level in 2012 since 1994, according to figures released by the US Energy Information Administration. We did it without carbon trading scams, the EPA making carbon dioxide a poison, or obeying the dictates of the Kyoto climate Treaty. We did it partly because of decreased economic activity as a result of the Obama recovery-that-isn’t, but mostly because of good old fashioned market forces; competition between natural gas and coal: Energy-related carbon dioxide (CO2) emissions in 2012 were the lowest in the United States since 1994
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Most Active Articles (last 48 hours)
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´My bangs are getting
a little irritating´: Michelle
Obama admits she already regrets
her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
Post Reply
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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McCain: ´I don´t understand´
GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
Post Reply
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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Christians, here´s why we´re
losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
Post Reply
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Broadcasters worry
about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
Original Article
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
Post Reply
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Mother Of Slain Benghazi
Officer To Sean Hannity:
‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
Post Reply
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce
weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
Post Reply
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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Obama critic apologizes for
his ´poorly chosen words´
on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
Post Reply
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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The Secrets of Princeton
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New York Times, by Ross Douthat
Original Article
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Posted By: Oblio- 4/7/2013 8:08:09 AM
Post Reply
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Is going gluten-free
healthier for everybody?
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The Week, by Staff
Original Article
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Posted By: NorthernDog- 4/7/2013 11:28:27 AM
Post Reply
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Gluten-free diets are all the rage, but they can be dangerous if not done right. What is gluten? It´s the spongy complex of proteins, found naturally in wheat, rye, and barley, that gives elasticity to dough and allows it to rise. When flour is moistened and either kneaded or mixed into dough, gluten molecules form an elastic, microscopic latticework that traps the carbon dioxide produced when yeast ferments, causing dough to inflate like a hot air balloon. Baking hardens the gluten, which helps the finished product keep its shape. Wheat — and gluten — is ubiquitous in the American diet.
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Adam Lanza´s murder spree at Sandy
Hook may have been´act of revenge´
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New York Daily News, by Matthew Lysiak and Rich Schapiro
Original Article
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Posted By: noproblems- 4/7/2013 9:52:58 AM
Post Reply
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Newtown killer Adam Lanza may have launched his murder spree at Sandy Hook Elementary School as an “act of revenge,” the Daily News has learned. A close friend of Lanza’s mother told The News that the troubled boy was a target of relentless bullying when he attended the Connecticut school years ago. “I think Adam felt betrayed by the school and this was his act of revenge,” said Marvin LaFontaine, a friend of Nancy Lanza’s. “Nancy told me he was being picked on at school. That they were just torturing him.”
Source and text corrected by Staff.
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Parents outraged that Mass.
kids were denied lunch
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Associated Press, by Staff
Original Article
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Posted By: beancounter- 4/6/2013 5:21:39 PM
Post Reply
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ATTLEBORO, Mass. — As many as 25 students at a Massachusetts school were denied lunch this week — with at least some forced to dump their food in the garbage — because they couldn´t pay, school officials and parents said. Outraged parents said some students at Coelho Middle School in Attleboro cried when they were told by a worker for the district´s food service provider they could not eat on Tuesday because they couldn´t pay or their pre-paid accounts were short on funds. The on-site director for the company, Whitsons Culinary Group of Islandia, N.Y., was placed on administrative leave by
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