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Bend Over for the Banksters

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Bend Over...
According to the upcoming New York Times Magazine, during the time of the tough negotiations over executive compensation headed by pay czar Kenneth Feinberg, Wall Street had an ally - in both the Treasury Department and the New York Federal Reserve. No one fought harder, though, than CFO David Herzog, who threatened to leave the firm if he didn't get to keep his $1.5 million bonus. Time wrote, "No one at A.I.G. seemed to be embarrassed to argue that the chief financial officer of Wall Street's Titanic was irreplaceable."

One interesting note - AIG's spent $3 million from taxpayers - on two compensation consultants and two Wall Street firms to file their compensation proposal to Feinberg.

These guys really are terrorists - they strap metaphorical explosives on themselves and threaten to blow up the economy if we don't give them what they want. They're terrorist bombers!

And how they're saying "bend over and take it" to the Obama administration and Obama is asking them "How far?"

And when your tax bill comes in April - about $700 for every man, woman, and child in America going to the banksters, they'll be asking us to bend over and smile.
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Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)

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both Republican and Democratic leaderships are in ... by Michael Lee on Thursday, Dec 31, 2009 at 11:25:59 PM
But this is not.The Democrats just voted against r... by Miriam Callaghan on Saturday, Jan 2, 2010 at 11:07:34 AM
We can fight back against Big Banking and Finance.... by Chaz Valenza on Friday, Jan 1, 2010 at 4:00:26 PM