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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (464994)	3/19/2009 4:23:04 PM
From: jlallen	Respond to of 1573912

They had a chance to do this legally and Constitutionally and Dodd fixed it so the bonuses would be paid anyway...apparently there was a provision in the original bill whch would not have allowed the bonuses to be paid....and Dood removed it. Can you imagine if a GOP Senator had pulled this to benefit their big contributors? Anyone who thinks the Dems are any better than the GOP is a complete moron.... J.

To: Bill who wrote (464994)	3/19/2009 4:23:37 PM
From: Road Walker	1 Recommendation Read Replies (3) \| Respond to of 1573912

Not only is it clearly illegal, the firms will just increase the size of the bonuses to offset the increased taxes. That would be some trick... don't bet on it.

To: Bill who wrote (464994)	3/19/2009 4:26:48 PM
From: michael97123	Read Replies (2) \| Respond to of 1573912

so with a 90% rate, firms will just raise bonus to 10mm from 1mm to get the same result? thats nonsense and totally irresponsible even for the already irresponsible. Having said that i agree with you on retroactive laws. I agree however that TARP beneficiaries shouldnt issue bonus' because they failed as companies and exist only by benefit of govt intervention in most cases. "Not only is it clearly illegal, the firms will just increase the size of the bonuses to offset the increased taxes."

To: Bill who wrote (464994)	3/19/2009 5:03:21 PM
From: brushwud	Read Replies (2) \| Respond to of 1573912

Not only is it clearly illegal, the firms will just increase the size of the bonuses to offset the increased taxes. How about just give everybody a raise instead of a "bonus"? No one seems to mind when baseball and basketball players make millions of dollars per year, even when their employers receive government subsidies, so why all the outrage? It isn't like any single individual got $100M from a failed bank as Robert Rubin did.