Money – President George W. Bush called today for Congress to address a "growing crisis in investment banker bonuses" in the wake of the subprime mortgage disaster. In a moving appeal delivered during the annual Christmas dinner of the American Association of Wealthy Persons, the president requested lawmakers enact legislation that would immediat
Can't wait to see the comments from those who take this seriously. And, of course, there will also be the Bush defenders.
Do you really think this story could not be true? Bush the idiot is your upper crust so bow down before him and his clan of obnoxious creations. Clinton's are a close second with Reid and Pelosi abominations for the word, brazen and ethical. Reid and Pelosi are worse than Bush in funding this war while the mandate from most Americans was otherwise. May they have an atrocious merry X-mas with extreme sadness while they have just puked on the average citizen.
According to the article: The top 25 hedge-fund investment managers, whose annual compensation averaged $570 million in 2006, may see an average decline to $500 million or less in 2007."
From an address to the American Association of Wealthy Persons? It may be satire, but it's so close to the truth of the miscreant of the Oval Office that it actually hurts to think about it.
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In his speech, president Bush requested Congress construct a bonus bailout package that would alleviate the subprime mortgage strain on banker bonuses by providing a "2006 plus 10" federally-funded equivalency guarantee. The 2006 plus 10 legislation would, according to president Bush's request, "fill in the gap between what people, investment bankers got paid in 2006 and what they got paid in 2007, with a annual increase of 10 percent like usual."
While no official figures have yet been released, budget analysts estimate the investment banker bonus bailout would cost taxpayers roughly $182 billion in fiscal year 2008.
LMAO.
These rich pukes don't need a bailout! How can Dumya say: "But most of all, it hurt those good people who got salaries depending on the free flow of financial liquidity and on being able to package and sell high-risk subprime loans as AAA-grade mortgage-backed securities"?
God, the rich have already earned more under Dumya then ever before... while average families have lost annual income! And, this idiot president considers his rich buddies have lost more than those who have lost their homes! What a vile, evil Republican Party we have!
I had to get some Kleenex and cry over those poor sorry robber barons. They won't get their extra million--NOT. Can we please drop some live coals in his pants?? What a frakin' jerk.
The investment bankers screw up and loose their proverbial axxess by playing fast and loose with credit and dollars and we the people now have to bail them out with our tax dollars.
Ain't that freaking precious.
They should be investigated for fraudulent lending schemes.
Russian partkom has run quite a nice commentary on this Bush issue - http://partkom.com/2008/03/08/clintonobama-the-... ) - I'm sure it's satire, it's just something that Bush might do.