Obscene!!!

[magyar123]

Alan Fishman, the CEO of Washington Mutual, was only on the job a few weeks before it was seized by the government and sold to JPMorgan Chase for $1.9 billion. But according to the details of his employment agreement, Fishman, who replaced ousted CEO Kerry Killinger on Sept. 7, stands to make more than $18 million.

[banca rotta]

Alan Fishman, the CEO of Washington Mutual, was only on the job a few weeks before it was seized by the government and sold to JPMorgan Chase for $1.9 billion. But according to the details of his employment agreement, Fishman, who replaced ousted CEO Kerry Killinger on Sept. 7, stands to make more than $18 million.

Obscene!!!

A small bit of positive news is that with the bailout plan that's just about to pass the senate states there will be no golden parachutes for the executives of any company that requires the governments help. I just hope there are no loopholes to this which there probably will be.

[JRScott]

Obscene!!!

A small bit of positive news is that with the bailout plan that's just about to pass the senate states there will be no golden parachutes for the executives of any company that requires the governments help. I just hope there are no loopholes to this which there probably will be.

This is the government we are talking about, of course there will be loopholes.

I mean seriously does anyone trust congress to oversee this bailout? Does it really cause anyone to have better confidence in the plan?

I mean seriously these are the same people that have increased spending at 9 times the median income pay increase over the last 30 years. The same people that don't understand that your in has to be greater than your out or at least equal.

Anyone that thinks this bail out plan is anything more than a gimme to wall street is just not thinking clearly.

[banca rotta]

This is the government we are talking about, of course there will be loopholes.

I mean seriously does anyone trust congress to oversee this bailout? Does it really cause anyone to have better confidence in the plan?

I mean seriously these are the same people that have increased spending at 9 times the median income pay increase over the last 30 years. The same people that don't understand that your in has to be greater than your out or at least equal.

Anyone that thinks this bail out plan is anything more than a gimme to wall street is just not thinking clearly.

I can dream can't I?

You're correct. When you think of 700b plus anything more that they ask for if this fails you can bet their will be people that get rich on this.

[chloe0724]

According to the newest information, they have only capped the income for CEO's that take oer after the legisation passess. So all these jokers that made bank while getting us in the mess we are in, still get their millions.

[Mi Bankruptcy]

"The proposed legislation was now "frozen", said Ms Pelosi, which means critics can not strike out individual provisions that they do not like" -BBC News http://news.bbc.co.uk/1/hi/business/7641733.stm

Now I would like to read it. The legislation may be frozen. However, Americans quickly forget; legislation will be added later 1-2 years to include loopholes.

[AngelinaCatHub]

According to the newest information, they have only capped the income for CEO's that take oer after the legisation passess. So all these jokers that made bank while getting us in the mess we are in, still get their millions.

Why can they not make this retroactive? Clinton raised taxes retroactive ergo even some people who died, owed taxes. I wonder if IRS dug 'em up for the gold in their teeth? 'Hub

[chloe0724]

ACH,

It's because the big wigs that made this mess happen are the same ones that made millions. They want us to fix their problems, but look the other way while we do it. Who's gonna fix our problems?

[AngelinaCatHub]

ACH,

It's because the big wigs that made this mess happen are the same ones that made millions. They want us to fix their problems, but look the other way while we do it. Who's gonna fix our problems?

Not only that, Congress insiders knew for years Fannie Mae and Freddie Mac were a ponzi scheme, just like our Social Security is. Steal from Peter to pay Paul. Now we have the foxes repairing the chicken wire. 'Hub

[JRScott]

"The proposed legislation was now "frozen", said Ms Pelosi, which means critics can not strike out individual provisions that they do not like" -BBC News http://news.bbc.co.uk/1/hi/business/7641733.stm

Now I would like to read it. The legislation may be frozen. However, Americans quickly forget; legislation will be added later 1-2 years to include loopholes.

http://www.foxnews.com/projects/pdf/rescuebill_First_Draft.pdf

[JRScott]

Not only that, Congress insiders knew for years Fannie Mae and Freddie Mac were a ponzi scheme, just like our Social Security is. Steal from Peter to pay Paul. Now we have the foxes repairing the chicken wire. 'Hub

Sadly that's what we have.

The oversight committee is a joke in the bill. It's the same people that led us to this mess who could have if they had acted beforehand perhaps averted the disaster.

[AngelinaCatHub]

Sadly that's what we have.

The oversight committee is a joke in the bill. It's the same people that led us to this mess who could have if they had acted beforehand perhaps averted the disaster.

Just as Pres Johnson did in the sixties, he promised that every African American would vote Dem, ergo, "The Great Society", then they went after those who could least afford a house, "everyone deserves to own their own home" to get their votes, ergo gifted Fannie and Freddie. 'Hub