Chris Dodd Looks To Revoke Billions In Wall Street Bonuses
Fox News: The chairman of the Senate banking committee claimed Thursday that he would “look at every possible legal means” to recover billions in bonuses to Wall Street executives, after President Obama called the bonuses plain “outrageous.”
The president reacted harshly Thursday to reports that corporate employees got paid more than $18 billion in bonuses last year.
“That is the height of irresponsibility. It is shameful,” he said.
Sen. Chris Dodd, D-Conn., released a statement saying: “I’m demanding that the Treasury Department figure out some way to get this money back.”
White House press secretary Robert Gibbs said the president told his staff that a report by the New York state comptroller about bonuses paid by the securities industry to its New York City employees was “outrageous.”
Obama was meeting in the Oval Office with his new treasury secretary, Timothy Geithner.
Obama has said in the past that financial companies that have accepted federal bailout money should limit bonus pay, and Gibbs said Thursday said the administration is studying what it can legally do on the topic.
“Whether it’s government or the financial system, we’re not going to be able to do what is needed to be done to stabilize our financial system if the American people read about this type of outrageous behavior,” the presidential spokesman told reporters. “I think it was the sixth-largest year of bonuses, and I don’t think anybody that’s opened their 401(k) statement has found out that this was the sixth best year for Wall Street.”
Obama met on Wednesday with several corporate chief executives, many of whom have received generous pay packages. Two executives introduced Obama at a White House event, designed to lobby for swift passage of an economic stimulus bill now in Congress.
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If they fulfilled contractual obligations and were paid bonuses based on contractual obligations, Dodd can go fuck himself, as can Ofuck.
We are still a performance based country where the weak are trampled and the strong survive no matter how far these fucks try to drag us down to their level.
Fuck liberals.
I find it funny that the liberals on You Tube and elsewhere claim that Pat and us “censor” them here, but none have the courage to come here and speak logically and factually about anything they claim. One of you liberals step up to the plate and have an intellectual conversation here. Prove us wrong.
If you use your typical liberal tactic of attacking the messenger with bashing and carrying on like a 4 year old that didn’t get his pop tart cause mommy was stressin, well, you will get the hammer, and deservedly so.
I have yet to speak to one liberal that can offer fact, FACT, and not assumption or speculation that can stand the litmus tests of reality. I challenge liberals, on whole, to come here and prove me wrong.
Dodd is all upset and red-faced because some companies paid out $18 billion in bonuses while he sits with his hand up his ass while HE and his cronies are gonna spend $860 BILLION on bullshit!
Come into my company and try to touch any of our money Dodd and you’ll go out the lobby in a body bag.
An old pickpocket’s scam is to stage a fight or something provocative with a sexy girl in a large crowd, and then work the distracted for all that they can snatch.
The Dems and their propagandists in the MSM are distracting the masses with business aircraft, executive pay, and decorating expenses as waste and mismanagement. These expenditures are actually very minor as a percentage of these companies’ costs, and the private choices of private entities. If they can make you look, however, the Dems will have all the easier time of picking your pockets of the anything but minor trillions that they are after.
Chris Dodo should also be revoked….permanently.