To: koan who wrote (779667 ) 4/13/2014 7:01:09 PM From: Brumar89 Respond to Warren was the chair of the TARP Congressional Oversight Panel when the rules were changed to allow GE, which owns koan's beloved MSNBC, to get TARP funds: Washington Post is Monday, June 29th, 2009: "How a Loophole Benefits GE in Bank Rescue -- Industrial Giant Becomes Top Recipient in Debt-Guarantee Program." GE has avoided many of the restrictions facing other financial giants getting help from the government. The company did not initially qualify for the [TARP] program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms."But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE." "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 GE -- unlike AIG and Goldman Sachs -- can bonus their execs whatever they want. They can pay their execs whatever amount they want. They were recategorized as a bank so as to get bank bailout money, and now yesterday GE's chairman ends up on a new advisory committee on jobs and the economy set up by executive order. And the Washington Post is totally unfazed as they report this. http://www.rushlimbaugh.com/daily/2011/01/21/the_regime_immelt_deal_smells
