"Redacted! Treasury Refuses To Disclose Millions Paid To Bailout Fund Managers
Jay Yarow
Oct 21, 2008 2:03 PM
The Treasury Department has posted the contracts it has with private companies advising on the bailout, perhaps in an effort to increase transparency during this dense and difficult period which is leaving many taxpayers feeling screwed. Too bad the Treasury Department decided to black out the compensation for these firms, so taxpayers have no idea what they're paying for."
More:http://www.businesssheet.com/2008/10/redacted-the-blacked-out-bailout
They just don't get it.
They just don't get it.
Nope, they sure as Shit Don't Get It!
They are redacting the contracts for this trillion dollars or so we are paying out to fix stuff.
Redact the damn people doing it. Black them out!
What the hell!
Business as usual?
If that is the case then screw it. No, screw them!
If we have to burn down the house to get rid of the rats and roaches then......OK, so maybe not.
But dang, it is way past time to roach bomb the place and trap the rats. By the way we don't need Have-A-Heart traps to get them either.
Let's start by Impeaching both the current President and Vice President, before they do their great skedaddle and pardon all these S.O.B.'s that they have sponsored. If that happens then they win, and we drown.
They must feel the pain. It seems to be the only message that they will get.
No secrecy, no blacking out information, no redaction of data!
If we don't take down the head guys, then the little rats won't learn, and we will be chasing them around for years.
Addendum:
Fury at $2.5bn bonus for Lehman's New York staff
By David ProsserMonday, 22 September 2008
"Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
A spokesman for Barclays said the $2.5bn bonus pool in New York had been set aside before Lehman Brothers filed for chapter 11 bankruptcy in the United States a week ago.
Barclays is paying $1.75bn for the US operation of Lehman and is keen to retain its best staff. It said it had made no promises to individual staff members about how much they will receive but that the bonus fund would be paid out. In addition to the $2.5bn cash pool, Barclays is also in negotiations with about 30 executives it considers to be Lehman's best assets and plans to offer them contracts worth tens of millions of dollars. "
More:http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html
And this:
Demonstrators protesting in New York before the $700bn Wall Street bail-out earlier this month. Photograph: Nicholas Roberts/AFP/Getty images
Wall Street banks in $70bn staff payout
Pay and bonus deals equivalent to 10% of of US government bail-out package
Simon Bowers
The Guardian,
Saturday October 18 2008
Financial workers at Wall Street's top banks are to receive pay deals worth more than $70bn (£40bn), a substantial proportion of which is expected to be paid in discretionary bonuses, for their work so far this year - despite plunging the global financial system into its worst crisis since the 1929 stock market crash, the Guardian has learned.
http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking
Can you believe this?
They want to give $70 billion of the $700,000,000,000 bailout to executives in the banks taken over because it was "already promised to them".
Can you say Class Warfare?
Can you say Frickin Stupid?
Can you say NO!
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