“Top executives at three major companies that received taxpayer-financed bailouts received excessively generous pay packages last year, in an apparent violation of Treasury guidelines aimed at restricting their compensation, a government watchdog asserted in a report Monday.
…Kenneth Feinberg, who preceded Geoghegan at the post, noted the pay czar was “under the constraint that his most important goal was to get the companies to repay and exit TARP” — and often those companies argued limiting executive pay would lead to desertion, delaying the turn-around process. Throughout its tenure, Geoghegan said in her letter, “OSM has sought the appropriate balance between these sometimes competing considerations in making all our determinations.”’
You know what’s sad? Look at the number of comments responding to the many excellent threads posted by sjk…maybe 3-5, sometimes zero. Yet, when the subject matter is about cops, firefighters, teachers, senior citizens with their pitiful pensions or SS/Medicare benefits, etc. — people who had absolutely nothing to do with the economic crisis, and those who perform services for the community that are far more valuable than what these Wall Street parasites do — we get hundreds of ignorant, nonsensical posts trying to lay the blame on working people instead of where it belongs: at the top.
Time to wake up to what’s really been going on, and start paying attention to who is behind the anti-worker message we’ve been bombarded with over the past few years and understand why they are doing it. It’s a diversion tactic meant to divide and conquer. If we allow the elites who control our government to continue down the path we’re on, there will come a point when it will be too late for a peaceful resolution to our nation’s problems.
