(Senator) Kyl Warns Obama Administration Not to Fire Bank CEOs

[sabra]

Source: Bloomberg

May 8 (Bloomberg) -- A leading Senate Republican warned the Obama administration against removing chief executive officers at banks that received U.S. assistance, saying “the great fear” would be government management of companies.

“If you think that Washington can run car companies and banks and so on, well, then you’ve not been paying attention to how we’ve been doing back here,” Senator Jon Kyl said of the Treasury’s threat of management changes at banks getting “exceptional” aid. Last month, the administration forced out General Motors Corp. CEO Rick Wagoner as a condition for more U.S. aid.

While a financial review showed most banks don’t require new assistance from the Treasury, “the government appears to still have control over the major banks to the extent of saying they’ve got to raise capital,” Kyl said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing today.

This continued government leverage over companies such as Bank of America Corp. and Citigroup Inc. “does raise some questions,” Kyl said. “Hopefully they can all get out of that relatively quickly.”

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=am9WFTxOgLyU&refer=home

[LakeSamish706]

1. And as Senator Dick Durbin recently said.... The Senate is owned by the banks....

http://texasliberal.wordpress.com/2009/05/06/senator-durbin-says-banks-own-the-senate/

So I would not have expected anything less from Kyl....

[angstlessk]

2. I guess that makes him afraid the bank CEO's will replace the senators?

now THERE is a believable scenario!!!

[dixiegrrrrl]

16. Why replace Senators that are bought and paid for?

[harun]

19. Damn right, they have the best Senators money can buy. They aren't

going to let them go anywhere.

[AndyA]

4. Yeah, this pretty much verifies that Sen. Kyl is owned by the banks.

Pity the fools he represents. Just pathetic.

Let's hold on to the people who almost brought down the world's economic system...by all means, we must keep those responsible for this mess. :eyes:

[Tempest]

3. How much of Kyl's campaign contributions come from the financial industry

I'm betting most of it.

[phantom power]

5. As one of Kyl's constituents, may I take this daily opportunity...

to say "Fuck you Kyl, you GOP tool."

[Catshrink]

13. You beat me to it.

He is an ass. And he doesn't give a rat's ass about the people of Arizona, only about his political aspirations.

[Metta]

6. same stuff. Today fear, tomorrow smear. That's all the thugs have. Happy karma.

Yeah, a big FU to them all for destroying our country.

[sofa king]

7. I wonder when Kyl is going to cross the aisle?

My sources on the inside were telling me as far back as 2003 that he was disgusted with the Bush Administration and his party. Not exactly the sort of fellow I'd like to pick up, but I'd sure like to take him away from the GOP, as he's one of the more experienced Senators out there.

[State the Obvious]

8. Kyl "warns" the Obama administration?

Don't you mean "threatens" the Obama administration?

Don't bullying and threatening form the foundation of the Republican values' agenda?:shrug:

[TheCowsCameHome]

9. Fck Jon Kyl. He sks jst lke the rst of the GOP clwns

[Honeycombe8]

10. Oooooh, I bet Obama is scared.

:scared:

Seriously, the mealy mouth senator is spouting off nonsense, since he and everyone else, including us here in DU, know that Obama has specifically stated that the government should not, and will not, be in the business of running auto manufacturers.

There are no plans to fire the Bank CEOs, that I've heard. Although I did hear yesterday that BOA or some bank's CEO was fired...by the shareholders.

If the CEOs need firin', they'll get fired, regardless of what mealy mouth pubican senators say.

[LaurenG]

11. How pathetic -

It's a good thing I'm not the president because that's exactly what I'd do. No one is indispensable and I know a few people who aren't in or asking to be in anyones pocket who would probably do a better job for a fraction of the pay.

[defendandprotect]

12. Just LOVE these GOP "warnings" that are being thrown out ---

What would it take for the Dems to have issued some "warnings" . . .

let's say about 9 years ago -- ????!!!!


:nuke:


:nuke:

[JDPriestly]

14. Does the GOP seriously think that American voters are worried

about the bank CEOs? What world do they live in?

[MaineDem]

15. Or what, he's going to hold his breath til he turns blue?

Warning the President???

[Vidar]

17. Squash the little bug & jail the CEOs.

[santamargarita]

18. Fuck this fascist pig - fire all of them!

:crazy:

[No Elephants]

20. Where was Kyl when McCain and other prominent Pubs were saying nationalizing the banks was "the only

way?"