Dodd, Baucus React to Obama’s Proposed Bank Tax

Put Geithner on the hotseat.

Get that bailout money back!

Regulate the market. Severely.

That's a start in the right direction.

Yeah, reinstate Glass-Steagall.

If I had written that check I certainly would have made sure to have made them sign a Loan Agreement with provisions stating that we would take over their business at the first late or failed monthly payment and I would certainly not call it a Favor but a Loan from the Taxpayers that needs to be paid back just like a Mortgage, Credit Card or any other kind of loan, line of credit. Limiting Executive compensation is irrelevant, they can say that they are paying the executive compensation from actual revenue incurred by their business operations which is separate money from the money we taxpayers wrote them a check for.

You make a good point, but consider this…..Nothing has changed in the way Wall Street does business. This country is still in dire straights.

The Inability of the execs to accept culpability for their misdeeds, along with the bonuses they give themselves for a “job well done” just doesn't scan when the country is hurting, and they refuse to do ANYTHING to spur the economy.

This was a good faith gesture that was turned into a fantastic windfall by those with no ethics or morals, with no regard for consequence. Saying that executive bonuses are irrelevant is ignorant of the fact that there has not been, and will not be, any attempt by the banks and Wall St. to change, and it IS our money they pocket in the meantime, that has so many up in arms.

Geithner has been protecting the same system that nearly screwed this country into the ground, but will HE be punished?

In my view, they all can't be punished enough.

Exec.Bonuses are irrelevant because the Corporate world/political world seem to walk hand in hand. Take for example Sen. Dianne Feinstein, I read that after she proposed giving 25 billion dollars of our tax money to FDIC her husband Richard Blum's real estate company CB Richard Ellis Group got a huge deal from FDIC to sell houses that went into foreclosure that the government acquired from banks that failed. To me the provisions and conditions should have been made before giving them the money just like any Loan Agreement any of us have had to sign. You don't set the rules of the loan after you have released the money, they certainly wouldn't do it for any of us. We citizens when we get a loan the majority of the time have to put up a collateral, in the case of mortgage the house,2nd mortgage is usually the house which is why so many people have lost their homes when they could not meet the loan payments. Seems to me from what I read that Sen. Feinstein and her husband are one more dollar richer than they were. Do I think she would oppose Executive Bonuses,especially if it might involve her husband or friends? No, based on what I have read.

Exec.Bonuses are irrelevant because the Corporate world/political world seem to walk hand in hand. Take for example Sen. Dianne Feinstein, I read that after she proposed giving 25 billion dollars of our tax money to FDIC her husband Richard Blum's real estate company CB Richard Ellis Group got a huge deal from FDIC to sell houses that went into foreclosure that the government acquired from banks that failed. To me the provisions and conditions should have been made before giving them the money just like any Loan Agreement any of us have had to sign. You don't set the rules of the loan after you have released the money, they certainly wouldn't do it for any of us. We citizens when we get a loan the majority of the time have to put up a collateral, in the case of mortgage the house,2nd mortgage is usually the house which is why so many people have lost their homes when they could not meet the loan payments. Seems to me from what I read that Sen. Feinstein and her husband are one more dollar richer than they were. Do I think she would oppose Executive Bonuses,especially if it might involve her husband or friends? No, based on what I have read.

monkey99, sorry my comment printed twice-I don't know what happened.

Good point. Yet, if the corporations can't be convinced that they are in existence to help the american people in whatever way they may, then the cycle will just continue. Taxing the banks and Wall St. is the only way left. Have you heard the excuses/reasons the execs gave to the commitee overseeing the bailouts?

They may not have broken laws, but they definitely broke the public trust. I think that's why the huge outcry.

No worries about double-posting. We all make mistakes.

Exec.Bonuses are irrelevant because the Corporate world/political world seem to walk hand in hand. Take for example Sen. Dianne Feinstein, I read that after she proposed giving 25 billion dollars of our tax money to FDIC her husband Richard Blum's real estate company CB Richard Ellis Group got a huge deal from FDIC to sell houses that went into foreclosure that the government acquired from banks that failed. To me the provisions and conditions should have been made before giving them the money just like any Loan Agreement any of us have had to sign. You don't set the rules of the loan after you have released the money, they certainly wouldn't do it for any of us. We citizens when we get a loan the majority of the time have to put up a collateral, in the case of mortgage the house,2nd mortgage is usually the house which is why so many people have lost their homes when they could not meet the loan payments. Seems to me from what I read that Sen. Feinstein and her husband are one more dollar richer than they were. Do I think she would oppose Executive Bonuses,especially if it might involve her husband or friends? No, based on what I have read.

Exec.Bonuses are irrelevant because the Corporate world/political world seem to walk hand in hand. Take for example Sen. Dianne Feinstein, I read that after she proposed giving 25 billion dollars of our tax money to FDIC her husband Richard Blum's real estate company CB Richard Ellis Group got a huge deal from FDIC to sell houses that went into foreclosure that the government acquired from banks that failed. To me the provisions and conditions should have been made before giving them the money just like any Loan Agreement any of us have had to sign. You don't set the rules of the loan after you have released the money, they certainly wouldn't do it for any of us. We citizens when we get a loan the majority of the time have to put up a collateral, in the case of mortgage the house,2nd mortgage is usually the house which is why so many people have lost their homes when they could not meet the loan payments. Seems to me from what I read that Sen. Feinstein and her husband are one more dollar richer than they were. Do I think she would oppose Executive Bonuses,especially if it might involve her husband or friends? No, based on what I have read.

monkey99, sorry my comment printed twice-I don't know what happened.

Good point. Yet, if the corporations can't be convinced that they are in existence to help the american people in whatever way they may, then the cycle will just continue. Taxing the banks and Wall St. is the only way left. Have you heard the excuses/reasons the execs gave to the commitee overseeing the bailouts?

They may not have broken laws, but they definitely broke the public trust. I think that's why the huge outcry.

No worries about double-posting. We all make mistakes, unlike the banks and Wall St., who do it on purpose.

Yeah, reinstate Glass-Steagall.