Comments on: TARP Recipients and their Bonuses

By: Jojo99

Jojo99 — Thu, 05 Feb 2009 23:43:00 +0000

Ever wonder why the pols are so concerned with the health of the financial industry? Here’s part of the answer:

===================

TARP Recipients Paid Out $114 Million for Politicking Last Year
Published by Communications on February 4, 2009 9:52 AM

The companies that have been awarded taxpayers’ money from Congress’s bailout bill spent $77 million on lobbying and $37 million on federal campaign contributions, Center finds. The return on investment: 258,449 percent.

http://www.opensecrets.org/news/2009/02/tarp-recipients-paid-out-114-m.html

By: bklnyc

bklnyc — Thu, 05 Feb 2009 22:02:20 +0000

Barry,

I would love to see this alongside their respective political contributions!

By: leftback

leftback — Thu, 05 Feb 2009 22:00:09 +0000

It all makes sense to me, it’s just redistribution of wealth.
Pretty soon we will have a new 1040:

Step 1: How much money did you make last year?
Step 2: Send it ALL to a 26 year old associate at Goldman Sachs who had a BUY rating on Bear Stearns.
Step 3: Don’t forget to pay the postage.

By: DL

DL — Thu, 05 Feb 2009 21:44:08 +0000

Sure is a good thing that money isn’t fungible.

Besides, as long as no CEO is going to make more than $500K going forward, I say, let’s just go ahead and borrow $3 trillion to give to the bankers.

After all, Obama says we need “bold” action.

By: mark mchugh

mark mchugh — Thu, 05 Feb 2009 21:27:55 +0000

Can we start putting some of these “Preference by Loreal” (I’m worth it) girls on TV?

By: mark mchugh

mark mchugh — Thu, 05 Feb 2009 21:12:11 +0000

When we talk about taxpayer money, why don’t we count all the money put into 401k’s that’s been vaporized too. Millions of Americans have watched their life’s savings vanish, and MSM wants us to worry that smart people leaving Wall Street firms?…………….to go where?

Pay them all in their own common stock and make them hold it for two years. We’ll let them borrow to survive and we’ll balance out at the end. How’s that sound?

By: jason

jason — Thu, 05 Feb 2009 21:01:54 +0000

We are the morons. We need to collectively refuse to pay taxes. We need to hunt down every banker, politician, mortgage broker….

By: Marcus Aurelius

Marcus Aurelius — Thu, 05 Feb 2009 20:57:14 +0000

I’ve got a bonus for all of them: prison time at hard labor.

By: VennData

VennData — Thu, 05 Feb 2009 20:53:51 +0000

We’ve gone from not-negotiating-drug-companies-on-price to limiting-executive-pay. Any moderates out there?

At least the people who hate a maximum wage are the same people who hate a minimum wage? …Except when they want 4% mortgages for homeowners:

http://uk.reuters.com/article/economyNews/idUKTRE5115UL20090202

And if we’re going to claw back salaries, let’s claw back salaries from the lobbyists who stuck us that “Prescription Drug Benefit.” Is there anybody’ who’s against lobbyist clawbacks?

By: eleanorpagedarby

eleanorpagedarby — Thu, 05 Feb 2009 20:48:41 +0000

Really glad we used public money to make sure the bankers got paid this year! They were so good to accept only $85 billion in bonuses, much less than they got last year. Maybe those of us who think the bankers aren’t getting enough tax money can start an “adopt a banker” program and sign over our paychecks directly to deserving bankers.

Of course, it’ll take about 10 wage-earners per banker to get them to the bonus level they’re accustomed to. Who else is in?