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	<title>Needlenose &#187; financial meltdown</title>
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	<description>We Needle. You Decide.</description>
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		<title>My Senate hero du jour &#8211; Ron Wyden</title>
		<link>http://needlenose.com/wp/2009/03/18/my-senate-hero-du-jour-ron-wyden/</link>
		<comments>http://needlenose.com/wp/2009/03/18/my-senate-hero-du-jour-ron-wyden/#comments</comments>
		<pubDate>Wed, 18 Mar 2009 18:45:38 +0000</pubDate>
		<dc:creator>greenboy</dc:creator>
				<category><![CDATA[Corporate Welfare]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[financial meltdown]]></category>
		<category><![CDATA[Harry Reid]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Ron Wyden]]></category>
		<category><![CDATA[Snowe]]></category>

		<guid isPermaLink="false">http://needlenose.com/wp/?p=4272</guid>
		<description><![CDATA[Ron points out he tried to amend the Wall Street Con Artist bailout plan to cap executive bonuses, but his provision was stripped out.   He snipes at Obama a bit over the bungling of the Bailout II (which did happen on Obama&#8217;s watch), but I think the problem is still Harry Reid, the wrong man [...]]]></description>
			<content:encoded><![CDATA[<p>Ron points out he tried to amend the Wall Street Con Artist bailout<a href="http://www.huffingtonpost.com/2009/03/17/wyden-my-bill-could-have_n_176084.html" target="_blank"> plan to cap executive bonuses, but his provision was stripped out</a>.   He snipes at Obama a bit over the bungling of the Bailout II (which did happen on Obama&#8217;s watch), but I think the problem is still Harry Reid, the wrong man for the Senate Majority Leader position.</p>
<p>Ron and Senator Snowe are trying to reintroduce the provision as standalone legislation:</p>
<blockquote><p>&#8220;&#8230; he and Snowe have a remedy: they are reintroducing their stimulus provision as a stand-alone bill, only they are getting even stricter with bailed-out institutions. Instead of capping bonuses at $100,000, they are lowering the level to $25,000. The law would cover all recipients of taxpayer TARP money, as well as those firms &#8212; like AIG &#8212; which have received money outside of the Troubled Asset Relief Program. And it would deal with bonuses issued in 2008. If a company refuses to give up the bonuses, the amount that exceeded $25,000 would be taxed at 35 percent.</p>
<p>&#8220;They are either going to have to pay it back or they are going to be taxed,&#8221; said the Senator. &#8220;And I think that is going to be pretty hard when they are already getting taxpayer money.&#8221;</p></blockquote>
<p>Good luck Senator Wyden!</p>
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		<title>Wreaking havoc on the banking system=terror!</title>
		<link>http://needlenose.com/wp/2009/03/16/wreaking-havoc-on-the-banking-systemterror/</link>
		<comments>http://needlenose.com/wp/2009/03/16/wreaking-havoc-on-the-banking-systemterror/#comments</comments>
		<pubDate>Mon, 16 Mar 2009 23:49:44 +0000</pubDate>
		<dc:creator>greenboy</dc:creator>
				<category><![CDATA[2009 - Cleaning the stables]]></category>
		<category><![CDATA[Corporate Welfare]]></category>
		<category><![CDATA[Wrong-wing hypocrisy]]></category>
		<category><![CDATA[Ali Al-Marri]]></category>
		<category><![CDATA[executive bonuses]]></category>
		<category><![CDATA[financial meltdown]]></category>

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		<description><![CDATA[In a couple of days Ali Al-Marri will get another trip to a Federal court to see if he can go out on bail. After 3 years of Bushian limbo, the wheels of justice are beginning to start grinding again. What was Al-Marri&#8217;s alleged crime? He was allegedly a sleeper agent for Al-Qaeda, whose mission [...]]]></description>
			<content:encoded><![CDATA[<p>In a couple of days Ali Al-Marri will get another trip to a Federal court to see if he can go out on bail.  After 3 years of Bushian limbo, the wheels of justice are beginning to start grinding again.</p>
<p>What was Al-Marri&#8217;s alleged crime?  He was allegedly a sleeper agent for Al-Qaeda, whose mission was &#8220;<a href="http://www.cbsnews.com/stories/2009/03/10/national/main4855483.shtml" target="_blank">to wreak havoc on the U.S. banking system</a>.&#8221;</p>
<p>Huh?  I thought that was the job of <a href="http://www.associatedcontent.com/article/1057273/credit_crisis_who_done_it_republican_pg2.html?cat=75" target="_blank">Phil Gramm and the Repugs who deregulated the markets</a> and looked the over way over the last decade while the mess was brewing?!?  Seriously, if Al-Marri was guilty as charged,  wouldn&#8217;t he be getting a <a href="http://www.washingtonpost.com/wp-dyn/content/article/2009/03/16/AR2009031600640.html?hpid=topnews" target="_blank">big fat bonus like all financial services executives who *actually* wreaked havoc on the US banking system</a>?</p>
<p>I&#8217;m confused here, why no bonus for Al-Marri?  Or court for the various actual executive &#8216;sleeper agents?&#8217;</p>
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