Top Wall Street Executives Made More Than $3 Billion Before Financial Crisis

Biggest smackdowns to date: 600,000 jobs lost and counting. $10 BILLION a month going to a 'WAR" with NO END and NO EXIT STRATEGY. Two CEO's making off with $180,000,000 in 'severance pay'. $4BILLION for "Katrina recovery'-$2 Billion on for no-bid contracts and another $2 Billion on fraud and waste (just WASTE).

DADDY BUSH CAN'T AFFORD TO BAIL OUT GEORGE FROM THIS ONE! Neither CAN WE!!

I am extremely disappointed in Obama for falling right in line with this robbery.

Executive pay limits. BFD. The fox, his mouth rimmed with feathers and blood, has already left the hen house. Does anyone believe these firm were even on track to pay out bonuses in 2008? Too late.

Prosecuting the likely perpetrators under the RICO Act is the answer. Force lower-lings to cooperate giving up duplicitous superiors. Seize or freeze illicit / obscene gains under the threat of mandatory time in a lock down facility. And please, no white collar country clubs for these toads.

For all of those with an interest, this is how George Bush set up America to be fleeced by big business and Wall Street. He lays it out point by point, but now those same people scratch their heads as to how we came to a $700 billion taxpayer bailout package.

http://www.youtube.com/watch?v=ecwdBb4gAVI

http://DTPollard.com

We should make these companies recoup that money before they can qualify for a dime of this bailout money. If the fat cats' lawyers try to stop them, let the feds step in and get the money for them.

This is precisely why this Tuesday I am closing my money market account and taking CASH. I refuse to feed the beast known as the Fed. I also want to avoid the Christmas run of standing in line to get what little money is left. With the "fractional reserve banking" as the nation's moto, about 10 to 1 capital to loan rate, I will effectively remove 700k off their books. It's not much, but I want them to feel the pain. We're going to tank eventually. I say, "Let's get it on".

The world is watching

I alluded to this in an earlier comment

WE NEED TO SHOREUP OUR MILITARY AS YOU KNOW BUSH AND HIS GANG DUMMIED DOWN THE QUALIFICATIONS TO JOIN THE MILITARY TO MAKE ENLISTMENT QUOTAS

OUR ENEMIES ARE LOOKING AT HOW DISTRACTED WE ARE WITH COUNTING OUR DISAPPEARING DOLLARS>>RUSSIA TALIBAN ETC

WE NEED THE DRAFT::SO THAT RICH FOLKS KIDS HAVE TO SERVE AS WELL OR THEY CAN BE DRAFT DODGERS LIKE CHENEY OR HAVE THEIR FAMILY GET THEM CUSHY MILITARY JOBS LIKE
BUSH

WE GOT TO DO THIS

THE WORLD IS WATCHING

THE WORLD IS WATCHING

CEO SALARIES ARE AN OUTRAGE

ALLEGEDLY they were overcompensated to get the best brightest smartest to work at a firm>>>well see even money doesnt get quality and value>>>

these folks need to be in jail last year>>>

IMPORTANT THING DO WE STILL HAVE ANY CREDIBLE ATTORNEY GENERALS TO MAKE THE CALL TO INVESTIGATE AND CHARGE ???

IN OTHER MATTERS

GET READY FOR A BUMPY RIDE

WE CANT BORROW OUR WAY OUT OF DEBT>>>AND WE AS A NATION HAVE SERIOUS DEBTS AND WE OWE EVERYONE EVEN OUR ENEMIES

WE NEED TO BUILD AND REBUILD OUR MILITARY:: SOME OF OUR ENEMIES ARE PROBABLY PLANNING ATTACKS WHILE WE ARE DISTRACTED BY OUR MONEY PROBLEMS>>>BRING BACK THE DRAFT SO RICH FOLKS KIDS HAVE TO SERVE AS POORER KIDS>>>

WE NEED TO REINVIGORATE OUR MANUFACTURING>>>WE AS A NATION DONT MAKE ANYTHING ANYMORE>>>NO COUNTRY WANTS HAMBURGERS AS A PRODUCT THEY CAN JUST MAKE THEIR OWN

GET CREATIVE FOLKS>>>THINK LONG AND HARD >>WHAT DOES ANOTHER COUNTRY NEED THAT ONLY WE CAN MAKE (WHILE FOR A SHORT WHILE TIL CHINA STEALS IT) BUT AT LEAST WE WILL HAVE IT FOR A FEW YEARS WHICH MAY SPAWN MORE AND BETTER INDUSTRIES>>

CONSERVE CONSERVE CONSERVE

THE WORLD IS WATCHING

The world is watching

FOLKS WE CANT BORROW OUR WAY OUT OF DEBT

This BAILOUT is a BANDAID on a HEMMORHAGE

DEREGULATION IS AT FAULT> we dont need new regulations since the old ones were never employed> (although newer ones could have been engendered for the new "fangled" financial products that are now toxic)

R epublicans want to blame subprime borrowers but the last oversight was with the bankers> IF THE BORROWER COULDNT REPAY THE LOAN WHY GIVE THE LOAN???

WHAT OF COMPANIES DOING OFF BALANCE SHEET ACCOUNTING?? WHAT OTHER THINGS ARE HIDDEN IN THE SHADOWS??

WHAT ABOUT CREDIT DEFAULT SWAPS??

THIS BAILOUT MAY WORK IN THE SHORT TERM>>BUT WHAT ARE THE LONGTERM RAMIFICATIONS?? WHAT OF THE VALUE OF THE DOLLAR? WHAT IF THE OTHER COUNTRIES COME CALLING FOR THEIR MONEY?? HOW DO WE PAY DOWN OUR DEBT??

THE REPUBLICANS FOUND THEIR RELIGION A BIT TOO LITTLE TOO LATE>>

CONGRESS FAILED US BOTH PARTIES DEMOCRATS AND REPUBLICANS AND FOR THAT ALL OF THEM SHOULD GO!!!!

THE WORLD IS WATCHING

Obama is in Face The Nation right now supporting the $700 billion bail out. Right before the show started, there was anMcCain ad that attacked Obama for supporting it. Obama is losing the election because of his support for the give away.

Obama qualified his support but there are too many holes in how he qualified his upport to the point it becomes meaningless qualifications. The Hedge fund crooks who bought virtually every politician supporting this bail out will get away with untold billions and Obama is for it. He never talked to the famous economists who are against the bail out and find out why and what could be done instead.

There is something worse than Paulson's nightmare scenario... the total destruction of faith in the dollar. When the dollar dumping begins internationally, there will be nothing left.

There is no tax payer protection that is meaningful. Bush will spend the whole $700 billion and it will take 60% congressional vote to stop it. They could have approved $50 billion and see what paulson actually did before approving any more funding. They are ramming this through in one chunk because they do not want true outside control/oversight of the $700 billion. Paulson will not be able to responsibly leanf more than $50 billion in a week.

Wall Street is a distraction --- when you find out how, when Fannie & Freddie lowered their underwriting standards ,,, and follow the money ,,, it should be clear who should be indicted. To wit:

H.R. 3703"THE HOUSING FINANCE REGULATORY IMPROVEMENT ACT"PART 3

TUESDAY, SEPTEMBER 12, 2000
U.S. House of Representatives,
Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises,
Committee on Banking and Financial Services,
Washington, DC.

STATEMENT OF TIM HOWARD, CHIEF FINANCIAL OFFICER, FANNIE MAE

Mr. HOWARD. My name is Tim Howard. I am the CFO of Fannie Mae. Let me start out by saying that the subprime market is essentially defined with respect to the Fannie Mae and Freddie Mac underwriting standards. That is, a subprime loan is one we in the past have chosen not to underwrite because we did not believe we could adequately gauge and price the credit risk. With new underwriting technology, we feel that we can move into the higher quality segment of the credit impaired, or what has historically been called the subprime market, and make loans to people who have heretofore been served by that market on a more preferential lower cost basis. It is totally within our charter to do that, and we feel that it is our mission to bring affordable financing to a greater group of people, and this is something that we feel is an important part of our mission.

"Wall Street's five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that helped bring down the investment-banking system."
Two things need to happen. 1. We, the people need to regulate the lobbyist(s) and pacs that contribute hundred(s) of millions of dollars to congress. 2. We, the people need to regulate CONGRESS. For some reason ($) congress and corporations have deregulated themselves away from their accountability to it's citizens. Simple; the greater the asset(s) an individual or corporation maintains the more important THEY believe they are and the less important the rules become.

Why don't we just take that money back? They clearly didn't earn it and I, as a taxpayer, am not interested in financing their greed.

I am beyond outraged. I've contacted my representatives but they are part of the problem. There is nobody who will stick up for the people.

These clowns should be in jail! I forgot which Congressman said the other day "We shouldn't be handing out golden parachutes, we should be handing out metal bracelets" - and I wholeheartedly agree.