Posted on October 24, 2009 by willyloman
by Rich Blake, ABC News
The details of the Obama administration’s efforts to curb excessive compensation on Wall Street emerged Thursday, with dual announcements from pay czar Kenneth Feinberg and the Federal Reserve Board. And while the potential loopholes do not appear large enough to drive the proverbial armored truck through, the securities industry is already [...]
Filed under: AIG Heist, Banking Heist, Economic Crisis ie. Disaster Capitalism, Fake Banker Pay Limits, class warfare | Tagged: obama economic policy, Obama™, Obama Deception, Team DLC Obama™ Brand, Fake Banker Pay Limits | Leave a Comment »
Posted on October 24, 2009 by willyloman
by Patrick Martin, WSWS
The executive pay regulations announced Thursday by the Obama administration’s “pay czar” and the Federal Reserve represent a cynical attempt to placate public outrage over Wall Street bonuses while allowing the financial speculators to continue awarding themselves multi-million-dollar compensation packages.
Filed under: AIG Heist, Banking Heist, Economic Crisis ie. Disaster Capitalism, Fake Banker Pay Limits, Geithner, Neocons = Neolibs, Obama™, Team DLC Obama™ Brand, class warfare | Tagged: obama economic policy, Obama and the Blue Dog Dem fiscal plan, Obama Deception, Team DLC Obama™ Brand, Fake Banker Pay Limits | Leave a Comment »
