Chairman Frank on Bonus Recoupment

As a result of extraordinary abuses of the public trust by companies rewarding employees with excessive compensation while receiving billions in taxpayer assistance, today the House passed legislation (HR 1586) to hold companies, including American International Group (AIG), accountable for the bonuses that were paid to their executives. The bill will impose a new 90 percent tax on bonuses received by executives who worked at companies, such as American International Group (AIG), that received more than $5 billion in taxpayer assistance. After receiving more than $170 billion in taxpayer funds, AIG paid $165 million in retention payments to executives most of whom have mismanaged their company into near bankruptcy. The top recipient received more than $6.4 million and more than 73 of these executives were paid over $1 million in retention bonuses. After receiving their retention bonuses, at least eleven recipients left the company.

Category:

News & Politics

Tags:

• AIG
• economy
• oversight
• bonuses
• Democrats
• Congress
• Frank

[todd6ishop]

Here's your right wing. A bunch of scumbags with mouths like open sewers. Keep ranting, freaks- the adults will clean up your mess soon enough.

[THE74MALDITO]

oh yeah and fuck you Nazi Pelosi cheerleader for the rich and illegal, against the military unless they are flying your bony ass around the country

[THE74MALDITO]

Its Barnacle Frank the man who got rich while watching the country fall into a recession..........2010 I hope he gets wheeled out of the house in a dumpsterl .....

[BeantownJim]

Does anyone in Congress ever read the Constitution of the us? All i hear is non principled blaming....... from a morally bent homosexual i may add lol

[silentrunning2]

You are one silly stupid son of a bitch Barney Frank! You should be in jail for crimes against this country and its citizens! I can only hope that we see you wearing bright orange and picking up trash off the free-way!

[Meatpieandtatters]

Why isn't Frank in jail? He pimps himself to the lobbyist and sells custom legislation to the highest bidder and we're stuck with the bill. The banking committee chairman for crying out loud, and this prick is blaming everyone else but himself. It's criminal.

[N7COF]

Nicely stated :)

[matahaari]

Another poor attempt to deflect blame from a far more dangerous criminal enterprise, aka Congress. Welcome to the United States of Deception.

[Armigerous]

Frank the tragic faggot

Lived in DC

And wallowed in the donkey shit

Fucking over you and me

Little Barack Obozo

Loved that rascal Frank

He'd rather have Frank suck his dick

Than fuck his ghetto skank

[Armigerous]

Congressfaggot Barney needs to be butt fucked with a cattle prod....hmmmm...on second thought he would probably be grateful for the sexual stimulation.....make that a chainsaw instead