AMERICAblog: Cuomo asks Bank of America for bonus details
red_dwarf
· 1 year ago
TWEAK! We won, I think.
Transparency in Gov't. What a shocking revelation.
cereal
· 1 year ago
I love that the "Troubled Asset Relief Program" is now, apparently, not actually going to be used to purchase troubled assets.
I think it's fair to say that Cuomo has got it all wrong, like some inexperienced, idealistic Jimmy Stewart character - siphoning taxpayer money over to incompetent, disatrously failed financial insitutions so they can reward themselves for the shitstorm they have created is very clearly the whole point of this entire thing.
Which would also explain why BoA didn't cooperate voluntarily with Cuomo's off-the-reservation, misguided little investigation. They know they won't get in any serious trouble. Their buddy Paulson has their back. Want to bet that Paulson either already has under the table, or will more clearly if necessary, make clear that the Feds preempt any state or local investigations into misuse of funds under TARP?
Older_Wiser
· 1 year ago
There is never enough irony in the Bush regime, is there? See above about Wachovia, too.
Older_Wiser
· 1 year ago
Also, the NC Attorney General's office is investigating the $13 billion sale of Wachovia to Wells Fargo, calling it a "steal."
And 2 days ago, a steel beam which was not anchored correctly by riggers, fell 51 stories at the new Wachovia Corporate Center being built in downtown Charlotte. Luckily, no one was killed on the ground!
So, Wachovia is going bankrupt and yet wanted a new skyscraper for corporate glory? These people have got to be stopped.
Older_Wiser
· 1 year ago
And it shouldn't be just the TARP money that shouldn't go to exec pay; after all, the TARP money is probably what will enable these greedheads to pay execs high salaries and bonuses anyway.
My son made the suggestion a couple of weeks ago that no exec of any corp should be paid more than the president of the US until all of this is resolved, $400K/yr, no bonuses or stock options.
And why are taxpayers being made to pour money into the SUPPLY side of this economy, and not into the DEMAND side (consumers) who make up 70% of this economy anyway? The govt is just throwing our good money after their bad money...
cosanostradamus
· 1 year ago
. Aw, jeez, leave the poor bankers alone, wouldjya? Many of them are going without caviar, their traditional staple. We don't know WHAT they're eating!!! The UN is sending in catering trucks. Anything to stave off cannibalism. .
ruthlessgravity
· 1 year ago
He's barking up the wrong tree. BOA has come to the government's rescue twice this year (Merrill, Countrywide). Last time I checked, they were forced to take the TARP money since Paulson practically held a gun to their head.
Indigo
· 1 year ago
As you say, this ought to be interesting.
SouthernYankee
· 1 year ago
Sounds like Obama should put Cumo in Charge of the Bail out money and where it goes to. He seems to be the only one keeping an eye on the money.
All Comments
Transparency in Gov't. What a shocking revelation.
I think it's fair to say that Cuomo has got it all wrong, like some inexperienced, idealistic Jimmy Stewart character - siphoning taxpayer money over to incompetent, disatrously failed financial insitutions so they can reward themselves for the shitstorm they have created is very clearly the whole point of this entire thing.
Which would also explain why BoA didn't cooperate voluntarily with Cuomo's off-the-reservation, misguided little investigation. They know they won't get in any serious trouble. Their buddy Paulson has their back. Want to bet that Paulson either already has under the table, or will more clearly if necessary, make clear that the Feds preempt any state or local investigations into misuse of funds under TARP?
And 2 days ago, a steel beam which was not anchored correctly by riggers, fell 51 stories at the new Wachovia Corporate Center being built in downtown Charlotte. Luckily, no one was killed on the ground!
So, Wachovia is going bankrupt and yet wanted a new skyscraper for corporate glory? These people have got to be stopped.
My son made the suggestion a couple of weeks ago that no exec of any corp should be paid more than the president of the US until all of this is resolved, $400K/yr, no bonuses or stock options.
And why are taxpayers being made to pour money into the SUPPLY side of this economy, and not into the DEMAND side (consumers) who make up 70% of this economy anyway? The govt is just throwing our good money after their bad money...
Aw, jeez, leave the poor bankers alone, wouldjya? Many of them are going without caviar, their traditional staple. We don't know WHAT they're eating!!! The UN is sending in catering trucks. Anything to stave off cannibalism.
.