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Claire McCaskill rocked today, and I wonder do the idots with our 18 billion plan to give it back?

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RiverStone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:13 PM
Original message
Claire McCaskill rocked today, and I wonder do the idots with our 18 billion plan to give it back?
Edited on Fri Jan-30-09 08:16 PM by RiverStone
Go, Claire, go.

Missouri Sen. Claire McCaskill today got national attention for ripping into Wall Street executives and their excessive bonuses.

"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer. They don't get it... You can't use taxpayer money to pay out $18 billion in bonuses."

Then she backed up her tough talk with a proposed law.

She wants to limit compensation given out by any companies that accept U.S. bailout funds.

more:

http://voices.kansascity.com/node/3533


Tough rhetoric, but are any of the arrogant pricks that took our tax payer funded bailout money and turned it into 18 billion in bonus payouts giving it back? It seems that using that money for any bonuses is not only in very poor taste, but blatantly criminal.

There must be some recourse to force these corporate pigs to return our money!!! It was supposed to be used to help the economy, not fund another junket to Jamaica!:mad:

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panader0 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:17 PM
Response to Original message
1. The $400,000 limit on CEOs sounds like plenty of money to me.
Go Claire!
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Andy823 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:21 PM
Response to Reply #1
6. Most of them
Are already have millions in the bank, $400,000 is more than enough for them to make "IF" they did a good job, but if they do more of the same and cause more meltdowns, they need to get the boot, period, not a million plus bonus!

This is going to be something that I think the vast majority of american, republicans included, are going to be very upset about. It will be interesting to see how the republicans vote on a bill that will do what Claire has suggested!
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 10:31 PM
Response to Reply #6
16. The DEMs passed the 700 billion bailout with no requirements on banks!!!!!!
Edited on Fri Jan-30-09 10:39 PM by terisan
They played ball with Bush!!!!!!!!

McCaskill is pure theater. I am amazed she has the nerve. She is the guilty party her and she has just been sent out to soften us us up for giving Citibank and Ban of America billions.

This is a huge con---the next injection of so called money (all massive debt on our shoulders) is going to disappear as well.

None of these politicians or treasury thieves has even laid out a cogent rational defense for what they are doing or projecting positive outcomes---this is a con.

What posiitive outcome can you state will occur by releasing any more money to the banks?


ON EDIT: forgive my rant please but I truly believe we are being screwed and Claire is not to be trusted. The bonuses are a hot button issue and when politicians don't lay out a logical plan for appropriations that are this massive and put themselves on the line by attesting to anticipated outcomes I think they are conning the citizens.
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Andy823 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:17 PM
Response to Original message
2. At the very least
They can simply say that if you don't get the money back, you don't get anymore bailouts! Congress may not have any legal action to get it back, and then again maybe they do, but if these people think they can pull this kind of crap and then hold their hands out for more, congress can sure as hell tell them "NO WAY IN HELL"!
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:17 PM
Response to Original message
3. I suggest they seriously consider it..
Since average taxpayers outnumber these greedy fucks by about a million to one.
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Coexist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:18 PM
Response to Original message
4. someone on David Shuster's show said we can 'claw that back'
so I'll bet there's a way.
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TheDebbieDee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:19 PM
Response to Original message
5. It's about damn time!
Claire McCaskill is my senator and I voted for her. But I have disappointed with her voting for immunity for t-comm companies in the warrantless wiretapping issue as well as several of her votes, so far.

It's good to see her "Rocking" and not just "rolling over" for the repukes for a change.
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RiverStone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:23 PM
Response to Reply #5
8. Your senator did good today, please let us know if you hear of a plan...
Edited on Fri Jan-30-09 08:23 PM by RiverStone
...to return the money.

I just can't fathom how these greedy bastards can hide in plain sight with our fucking money!? This is no different than robbing a charity and using the money to go to Disney Land!

Disgusting!
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:22 PM
Response to Original message
7. Every damn cent! I want every damn cent back!
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:24 PM
Response to Original message
9. They're going to claim it was all contractual.
Edited on Fri Jan-30-09 08:24 PM by ColbertWatcher
But, I agree; it's theft and should be returned.

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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:26 PM
Response to Reply #9
11. Massive bonuses for failure? I'd love to read that clause.
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:37 PM
Response to Reply #11
13. LOL! I think the contracts are not dependent on how well the corporation does, but ...
... on time put in.

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:25 PM
Response to Original message
10. For all the haters of Steve Jobs he paid himself a dollar
everything else was dependent on apple stocks going up.
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Kansas Wyatt Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:28 PM
Response to Original message
12. Simple....
If they take bailout money, then their CEO (highest paid, with bonuses, benefits, and perks included) SHALL NOT have a total compensation package greater than 20 times the corporation's lowest paid employee. Considering that they ran the company into the ground in the first place, that is a more than fair total compensation package for them.

That is genuinely FAIR, and there is no argument against it, especially when they got the company in trouble in the first place.
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:09 PM
Response to Reply #12
14. "especially when they got the company in trouble in the first place." DAMN RIGHT! n/t
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 10:23 PM
Response to Original message
15. McCaskill is a political actress. She was in front of the cameras during October bailout push
pushing for the bailout and insisting the Repubs needed to sign on--When a reporter pointed out that the Dems did not need Repub votes to pass the 700 billion, McCaskill then insisted that they needed the votes because the world wanted the American political parties to work together.--what crap. Sheer demagoguery.

This theater over the bonuses is crap. Our party deliberately passed the 700 billion without any controls on how it was to be spent. They worked with Bush and Paulson to rush it through.

Right now our party is about to give them the Wall Street/Big Banks billions more. The politicians know the bonuses have the citizenry pissed and are using the issue to get us to feel ok about the next multi-billions they are going to deliver.

These big banks have failed, they are not going to survive even with the next injection of billions.....and the big corporate execs will be able to hide money from the funds and use however they wish and the Dems in Congress and Treasury will wink and nod, and we will be even more massively in debt.

Eliot Spitzer (Slate and former governor of NY(yes the sex scandal guy) who used to prosecute these Wall Street crooks is saying let them fail----better them then the US as a whole.

For all we know Geithner, and Summers are already having talks with the IMF about what to do when they fail-----The IMP destroys countries that eventually need their bailout services--demands they privatize everything----Argentina went through it and Iceland is going through it now.






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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 10:36 PM
Response to Original message
17. I'm sorry, Senator .... how did you vote for this thing back in October?
You've kinda forfeited your "outrage" card.
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