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[impala454]

http://www.chron.com/disp/story.mpl/front/6320729.html

They're going to vote on putting a resolution through to impose a 90% (yes, nine zero) on the AIG bonuses. This is absolutely preposterous, and turning to socialism at its finest.

President Barack Obama, who took office just under two months ago, told reporters Wednesday that his administration was not responsible for a lack of federal supervision of AIG that preceded the company’s demise. But Obama added, “The buck stops with me.” Obama said his administration was consulting with Congress on creating a new “resolution authority” to seize giant institutions like AIG — including all their toxic assets — whose collapse in normal bankruptcy could cause calamity in the financial markets.

So, not only does he say he's not responsible for the bill he signed, but feels he's justified in creating a new bureaucratic structure for the purpose of seizing private institutions!??! This sets a precedent for our democrat pres/congress combo that scares the hell outta me. What are they gonna do next? Tax the EIB network for everything they've got so they can shut down Rush Limbaugh?

[Seeker]

I didn't fall for shit, you fell for the bailouts in the first place which should never have happened. If a private company accepts money from the federal government, guess what, that company is now pwn3d by the federal government. Moral of the story is that the government needs to stay out of private business even in times of a depression.

[impala454]

I didn't fall for shit, you fell for the bailouts in the first place which should never have happened.

Sure you did, you're cryin about 10 cents on $100 just like Obama wants you to.

If a private company accepts money from the federal government, guess what, that company is now pwn3d by the federal government.

Wow.. can't believe I'm reading this coming from you. Companies accept money from the federal government all the time in the form of tax cuts, so now what do we do under your "pwn3d" system? Does company X get to write off an extra $10 million if it accepts some government watchman onto its board of directors? You're the conspiracy theorist and you can't make that connection?

Moral of the story is that the government needs to stay out of private business even in times of a depression.

Of course, and I agree, but you can't give a company money so they can keep it running, then bitch about how it gets spent. Keeping employees is kinda an important part of running a business. If you care that much about how it gets spent then you need to include that in your bill.