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Old 10-23-2009, 03:36 PM
 
Location: OB
2,404 posts, read 3,937,072 times
Reputation: 879

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3-2-1 say it with me: CORRUPTION. See how it works. Parent company GE which owns NBC and MSNBC shamelessly repeats what it's told by the administration and gets rewarded for its good behavior.

Unlike other major lenders participating in the debt guarantee program, including Bank of America, Citigroup and J.P. Morgan Chase, GE has never been subject to the Fed's stress tests or its rules for limiting risk. Also unlike firms that have received bailout money in the Troubled Assets Relief Program, or TARP, GE is not subject to restrictions such as limits on executive compensation.

So we now have the government targeting executives at these bailed-out banks, but GE, home of the network that shamelessly propagandizes for Obama and the Democrats, and even receives talking points from them while on the air, is exempt.

Welcome my dears to Obama's America. Handicap capitalists and reward your cronies. Kind of like how non-unions cannot bid on stimulus projects. Am I the only person seeing a trend? Sickening.
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Old 10-23-2009, 04:14 PM
 
19,198 posts, read 31,384,344 times
Reputation: 4013
Kenneth Feinberg's actual title is Special Master for TARP Executive Compensation. TLGP is not TARP.
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Old 10-23-2009, 04:41 PM
 
Location: Great State of Texas
86,052 posts, read 84,162,817 times
Reputation: 27718
GE is "special" and has some ties with the current administration.

Not surprised there are exemptions. Notice GS and JPM have no restrictions.
Yes I know they paid back TARP but you know GS did get a $30 billion loan from the FDIC so why not pull those salary restriction strings on them too ?

Very lopsided and will only cause those banks with restrictions to fall even quicker when no one will work for them. Then these others that had "exemptions" or paid back their TARP will come along and buy their assets up.

The big one only get bigger. Hasn't anyone noticed this yet ? They are starving off the competition one way or another.
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