Exec pay limits gain support as bailout questioned

[maddezmom]

Source: AP

WASHINGTON - Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.

The Bush administration was resisting the move as it scrambled to overcome widespread misgivings on Capitol Hill and swiftly push through its plan to rescue tottering financial firms by buying up their rotten assets.

Lawmakers in both parties are demanding changes to the administration's rescue proposal despite dire warnings from top economic officials of recessions, layoffs and lost homes if Congress doesn't approve it quickly. Both parties' presidential candidates also insist on alterations to the drastic prescription.



Read more: http://news.yahoo.com/s/ap/20080924/ap_on_bi_ge/financial_meltdown;_ylt=AhZu4vrCkLTPm0ejd.ZcA3Ws0NUE

[grannie4peace]

1. i'm so glad, i'm glad, i'm glad, i'm glad!!!!!

[Indenturedebtor]

2. Do this for ALL companies while you have the chance

Address the fundamental issues of our economy or don't do anything. Shrink the income gap or things will just get worse and worse.

[Swagman]

3. shame them into it !!..(oh that's right, they have no shame)

[TheFarseer]

4. Sorry Georgie

but these are the consequences you must face when you mess up a country this badly. It's hard to believe after all the grief he's received for corporatism, cronyism, and not giving a shit about average Americans, he's still willing to go to bat for failed Millionaire executives who want tax payer funded multi-million dollar bonuses, but I guess why quit being an elitist fuck-up now?

[ShortnFiery]

5. That's a moot point. It's like getting "a kiss on the cheek" after you've been RAPED.

No bail out for the upper 1%. Not with OUR hard earned tax dollars. NO HOW! NO WAY! :grr:

[qanda]

6. I wonder what real difference this makes

I guess it makes people feel a little bit better, but it doesn't really mean anything.

[pattmarty]

7. Wrong!!! It sends a message that these excessive pay........

......packages are coming to an end. And I believe it also says that a new time is coming. Winding back the clock to the New Deal era.

[LiberalFighter]

8. Reduce their pay. Reduce their stock options and other benefits.

Break the multi-conglomerate corporations into smaller corporations.

Regulate Regulate Regulate Regulate Regulate

Too simple? Too bad!!

[LeftHander]

9. I can hear it now....Execs will be limited to 8 million in bonus....the first year

16 million the second and finally 38 million....

That'll show em'


Handshakes and back slaps all around...good job Congress.

[Odin2005]

10. Good! n/t.

[DeadManInc]

11. no bailout, not now, not ever.

[kmdemqueen]

12. did you hear

Bush is going to to speak to the nation tonight, to demand the dem. run house to pass the 7 billion. The word demand was used by cnn. KH

[snooper2]

13. You are linked to the wrong article

Shows how many people really click and read :rofl: :rofl: :rofl:

Here's a link

http://www.baltimoresun.com/news/nation/bal-bz.analysis24sep24,0,463534.story?track=rss