The Shady Treasury: Swingers Discussion 216045

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TOPIC: The Shady Treasury

Created by: Seduction4Two Original Starting post for this thread:
WASHINGTON, Jan 28 (Reuters) - The U.S. Treasury Department failed to curb executive pay last year for the second year running at companies rescued by the government, an internal watchdog charged on Monday. The Treasury's pay czar, or "special master," was tasked with limiting "excessive" pay at companies the government bailed out using taxpayer money during the financial crisis. But the Office of the Special Master did not follow the rules it had set for compensation, instead letting companies define pay themselves, according to a report by the inspector general for the government's bailout program. In 2012, the pay czar acceded to company requests in approving multi-million dollar pay packages and pay hikes for top executives at General Motors, AIG and Ally Financial. The pay czar approved all 18 pay raises requested by the companies, for a total of $6.2 million, and approved pay packages of at least $1 million for 68 of the 69 employees at the companies it was overseeing, the report found. "While taxpayers struggle to overcome the recent financial crisis and look to the U.S. government to put a lid on compensation for executives of firms whose missteps nearly crippled the U.S. financial system, the U.S. Department of the Treasury continues to allow excessive executive pay," the report said. Special Inspector General Christy Romero said it was not surprising companies asked for large pay packages and higher pay. "But what we saw in 2012 that is somewhat different than prior years is that this time the companies pushed back on pay, but they seemed to have met no resistance," she said in an interview. Romero is tasked with overseeing the government's Troubled Asset Relief Program or TARP, which pumped $68 billion into AIG, $50 billion in GM and $17 billion in Ally Financial, among others, to save them from collapse during the 2007-2009 crisis.

Created by: Seduction4Two
Original Starting post for this thread:

WASHINGTON, Jan 28 (Reuters) - The U.S. Treasury Department failed to curb executive pay last year for the second year running at companies rescued by the government, an internal watchdog charged on Monday.

The Treasury's pay czar, or "special master," was tasked with limiting "excessive" pay at companies the government bailed out using taxpayer money during the financial crisis.

But the Office of the Special Master did not follow the rules it had set for compensation, instead letting companies define pay themselves, according to a report by the inspector general for the government's bailout program.

In 2012, the pay czar acceded to company requests in approving multi-million dollar pay packages and pay hikes for top executives at General Motors, AIG and Ally Financial.

The pay czar approved all 18 pay raises requested by the companies, for a total of $6.2 million, and approved pay packages of at least $1 million for 68 of the 69 employees at the companies it was overseeing, the report found.

"While taxpayers struggle to overcome the recent financial crisis and look to the U.S. government to put a lid on compensation for executives of firms whose missteps nearly crippled the U.S. financial system, the U.S. Department of the Treasury continues to allow excessive executive pay," the report said.

Special Inspector General Christy Romero said it was not surprising companies asked for large pay packages and higher pay. "But what we saw in 2012 that is somewhat different than prior years is that this time the companies pushed back on pay, but they seemed to have met no resistance," she said in an interview.

Romero is tasked with overseeing the government's Troubled Asset Relief Program or TARP, which pumped $68 billion into AIG, $50 billion in GM and $17 billion in Ally Financial, among others, to save them from collapse during the 2007-2009 crisis.

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User Details are only visible to members.	Shorty aka bobbichick, doesn't have enough IQ points to figure out how he contradicts himself and suffers from stenchy feet deeply lodged in his esophagus disease. On one end, he is jealous and cries on daily basis that CEO's and corporate workers shouldn't be making so much because he isn't able to make what they do. He supports the government fully, advocates that the government is good and should be helping uneducated dolts like him. On the other end, upon hearing that the government shafted him, and looked the other way when more money was being piled on to those he is jealous of the most, he is again defending the government. I am so happy that he doesn't have a girlfriend and is unable to hook up with any females, I am so happy that he doesn't earn enough to go out and meet women. Hopefully this will continue until he is no longer able to reproduce.
Colts Neck NJ			Username hidden (12187 post)

User Details are only visible to members.	Big: No, you and your kind did all of those things. Your greed destroyed our economy once again, so once again we the people turned to the government to fix things. Your kind failed to provide a meaningful wage to those willing to work, so we turned to the government. Your kind failed to provide medical and my generation watched in horror as our mothers, fathers, syblines and others fall prey to financial ruin to save their lives or like the most desperate forgo live saving operations so to provide dinner at night... Knowing that they will die decades sooner than they ought have to... In some cases never to see their children become adults... Just to buy their children a few more years of not living on the streets, because your kind cannot share your wealth so to provide jobs and industry and growth... So we turn to the government. Time and time again, your failures have lead us to turn to the governments tit and time and time again you belittle us, you try to degrade us and you try to shame us... Like the Roman Catholic church of the mid-evil eras and dark ages... Your time of hate has finally come to an end and enlightenment has begun. A new age of mankind is spreading across this globe. With little more contact than the internet, those in the middle east, young and older stand against men with guns... Armed only with the desire to be free of both your kind of capitalism and dogma to religion. Across Europe, different forms of governments have been established, reformed and are continuing to be redeveloped into yet a stronger governmental force... A more perfect force. A force which unified not in blood, but in real commerce and desire for unification. Your time is at an end and we are all the better for it.
Hazle Township PA			Username hidden (4775 post)

User Details are only visible to members.	robert you are like zz.get back on your meds.I been reading your bull for a while and you have yet to say anything that makes sense.where did you get all this shit form.it just show how our school sytem has failed. it is not the goverment job to over see private companies bussines.it not the goverment job to take care of you.take care of yourself.quit crying all the dam time.you are just a fucking winer.god have some self respect for your self.don't mean to be mean,but it the samething all the time.no matter what anybody says you change it around to you. how the goverment won't take care of you.thats the problem now,the goverment is interfering in people lives,in thier families,in thier bussines,in thier church,turning friends againest each other.we need to get the goverment out of our lives so we can live our life without fear.thats what you breed.fear...............BS
Kingston TN			Username hidden (1912 post)

User Details are only visible to members.	Big: We don't have capitalism. In fact, Iraq and afghanistan are more capitalist than we are. Second, the majority if the wealthy nations are a mixed economy. Strong social welfare, strong socialized medical for all, socialized education, and other. They may have a capitalist market, but capitalism comes second to providing for the welfare of the people.
Hazle Township PA			Username hidden (4775 post)

User Details are only visible to members.	Sedu: Ever stop running your mouth and think that maybe Obama is allowing AIG and other to run wild? Provide himself with a bigger stick to wack them with? How does a parent teach a child? Control every action the child makes, or allow the child to screw up and then punish the child for their unacceptable actions and show the child how to get straight again? The right want to say "keep government out of business." Obama has done this. He has provided business with the room to hang themselves... After we the people saved them from their own greed. Now that they were saved, and our national economy with them. Obama is setting business up to prove to the public that it cannot keep its greed at bay long enough to get out of debt to we the people, let alone a long term track of Finantual security. Through this next failure of these instatutions, Obama can make the point of the need to break them up... Just as we broke standard oil up.
Hazle Township PA			Username hidden (4775 post)

User Details are only visible to members.	Do the Foxbots and baggers want Government IN or OUT of the private sectors business? It can't be both I don't care which they pick, but they have to pick one
Elk Grove Village IL			Username hidden (2526 post)

User Details are only visible to members.	if capitism is so bad .why is everybody busting our balling trying to get in?look at all countrys of the world,the ones with the highest strandard of living are capitist countrys.all the others are third at best.maybe you should go there and see how these people live.I been there.capitalism is the best to come along so far.until something better comes along,I an't moving...........BS
Kingston TN			Username hidden (1912 post)

User Details are only visible to members.	You're contradicting yourself if you want the so called people to be taken care of. Your government just fucked you over, but of course if you were able to comprehend what you are reading, you wouldn't be posting follow up incoherent drivel. Nothing to see here other than Bobby being proud of his low IQ.
Colts Neck NJ			Username hidden (12187 post)

User Details are only visible to members.	Fjep: Get this through your head, I don't care which system, so long as the people are provided for. As current, you capitalist AREN'T providing, there for I favor big government. I have told you this countless times before... You simply lack the reading comprehensions to understand simplistic subjects.
Hazle Township PA			Username hidden (4775 post)

User Details are only visible to members.	Are you for state controlled private industry or not?
Sanford NC			Username hidden (18796 post)

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TOPIC: The Shady Treasury

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