Mr Rats fairytale o' fairness and justice

Nick Campagna · Post by **Nick Campagna** » Sat Nov 21, 2009 3:34 pm

Cute, but one thing is wrong. Mr Ceo did not want to make the loans. He was pressured / forced / threatened to do it by the Ds in congress who were in charge of Fannie Mae and Freddie Mac. This was under the guise that everyone deserves a house of their own. Community Reinvestment Act. Pushed by Jessie Jackson, Barney Frank, and Chris Dodd. Expanded in the 90s by the Clinton administration. Expanded again by the Ds in GWBush’s last two years with a D congress. RINOs share some of the blame trying to work with the Ds.

DCK · Post by **DCK** » Sat Nov 21, 2009 6:23 pm

Nick Campagna wrote:Cute, but one thing is wrong. Mr Ceo did not want to make the loans. He was pressured / forced / threatened to do it by the Ds in congress who were in charge of Fannie Mae and Freddie Mac. This was under the guise that everyone deserves a house of their own. Community Reinvestment Act. Pushed by Jessie Jackson, Barney Frank, and Chris Dodd. Expanded in the 90s by the Clinton administration. Expanded again by the Ds in GWBush’s last two years with a D congress. RINOs share some of the blame trying to work with the Ds.

Ditto

Post by **CamKing** » Sun Nov 22, 2009 12:21 am

You may want to ask Ken Lewis from Bank of America, about the big CEO bonuses, and paychecks.
The Federal government pulled him into a room, and told him that if he didn't buy Merrill Lynch, they had the power to remove him and find a CEO that would. Then when the schit hit the fan, they pressure him to refuse to take any salary, or bonus for the whole year. After he "outs" the government for blackmailing him, they go after BoA, and label them "at risk" even though every other accounting firm that looked at their books said they were stable. When that wasn't enough, the government forced him to quit.
Now BoA would like to get a new CEO, but it's hard to find someone to agree to work for what ever the government decides you should get paid.

enigma57 · Post by **enigma57** » Sun Nov 22, 2009 6:10 am

And I will add that nowhere in our Constitution is the federal government empowered to determine anyone's salary in the private sector nor to hire or fire them, either.

Best regards to all,

Harry

DCK · Post by **DCK** » Sun Nov 22, 2009 9:38 am

And it's is specifically mentioned in the constitution that the govt cannot break a contract between to parties. IE executive pay, and preferred stockholders not getting paid before Obamanation's union thugs.