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Pay Czar to Slash Compensation at Seven Firms
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DEBORAH SOLOMON
Wall Street Journal
October 21, 2009
- A d v e r t i s e m e n t
Kenneth Feinberg, the Treasury Department’s special master for compensation, will lower total compensation for 175 employees by an average of 50%, these people said. As expected, the biggest cut will be to salaries, which will drop 90% on average.
But while the overall levels will fall, some executives will still walk away with large paychecks. For instance, several Bank of America Corp. employees will still receive compensation totaling millions of dollars.
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October 21st, 2009 at 4:05 pm
“the Treasury Department’s special master for compensation”
Really? Master? I guess since these corporations took that Government handout, they really are slaves.
Eckhart Reply:
October 21st, 2009 at 5:17 pm
The Meltdown Of The U.S. Dollar Has Begun… So What Are We Going To Do About It?
http://neithercorp.us/npress/?p=176
Gary Reply:
October 21st, 2009 at 5:45 pm
What CAN we do about it?
RJM Reply:
October 21st, 2009 at 7:02 pm
THIS IS THE BEST IDEA I’VE HEARD IN TWO YEARS TO FIGHT BACK THE GLOBAL ENSLAVEMENT. Aaron Russo was on to something, If we can rally the American people to stop paying these unconstitutional taxes, government won’t be funded and neither will the federal reserve. Ask yourselves this, do you continue to pay for goods or services from any other industry or sector, if they’re harming you or not doing you any good? Do you continue to pay employees if they lie cheat and steal from YOUR company? By paying taxes, you paying for them to sit in their fancy high-life positions where they are ABOVE the law and you fund the government and the Federal reserve to continue implementing programs to control YOUR life. I know its far fetched, but we need to brainstorm and take action. Everyone that comes on this website and others like it needs to STOP TALKING FOR ONCE, AND START TAKING ACTION! We need to get Alex Jones to publicize it and get others in Media to follow. The protests of all prostests!!!!!!!! The “DON’T PAY YOUR TAXES” protest Obviously everyone will be forced to pay sales tax but that is ok, Do me a favor and name something that isn’t taxed?…………..That’s hard to answer isn’t it. How in the HELL did we as a Nation that represents and symbolizes Liberty, Justice, and Freedom for the Entire World allow are Constitution to be overran and kicked to the garbage can like this? The Reason is we are all selfish and trying to look out for what’s best for ourselves and immediate family. We are all trying to Survive by making money and working hard and going to school everyday. We are all too busy with our own lives to do anything that takes time and money to help the greater good. They have sucked us all into the rat race and web of involving yourself into slavery monday through friday, and some weekends too. A slavery by which you work everyday for hours and hours just to get the scraps of their wealth. Their wealth by the way which is created from paper and a printer and the letter of the Law which they enforce with city, county, state, and federal officers whom which all are FUNDED by YOUR TAXES! I know this is a long shot protest, but if we are to truly do anything to stand up and fight, rallying the American people to not pay taxes is the way to do it. We bankrupt the government and the Federal Reserve! If the numbers of participants are large enough, how in the heck can they enforce anything upon us with government officers, We are a country of 307,000,000 people, how many jails and officers and military members do they have to take down the majority of poverty, working, and middle class citizens who would choose to not pay their taxes? NOWHERE NEAR ENOUGH. Get the enitre nation to QUIT PAYING YOUR TAXES, for this to work we need as many people of the 307,709,681 U.S. Population to participate as possible, for if it only ends up being few that rally up and stop paying, they will all suffer and go to jail…We need to plan this wisely and get MASSIVE NUMBERS behind us for this to WORK. THROW OUT IDEAS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! They may print more money, they may try to scare everyone, but right now 3.3 million people are out a job that were in a job a year ago, that is 3.3 million less people that will pay taxes this year and the next, perhaps for a few years. But what if 200 million people didn’t pay any taxes and just let the Government fund itself into a black pit that will only bring to the changes we want, a new President, a new Congress, a whole bunch of new people in the White house and it sounds easy, but people get scared and end up paying their taxes. SO if we can work on getting everyone to stop paying taxes, we can get rid of the problems by making them go broke instead.
RJM Reply:
October 21st, 2009 at 7:08 pm
Whether or not it bankrupts the Government and Fed is really not the point, think of the masses of people around the world and in America who would watch this historical protest where for the first time in America, the people refuse to comply with laws and rules wrote and enforced by government because they scream ENOUGH is ENOUGH, we wont keep paying you! You (Government) will not take our money, we refuse to pay it until we see real change. We the people have the power, not you! The media will go crazy over the massive “don’t pay your tax” protest! Its the way for the masses of americans and businesses to say NO MORE FISCAL POLICY, NO MORE GOVERNEMNT INTERVENTION. You do as we want or we will not comply with this system ever again! Down with the FED! Give the power to coin and print money back to the U.S. treasury Dept. We as America request the following: Most importantly…Down with the ELECTORAL voting system, we want individual vote! All of congress and Senate leave your seats and make room for newly elected officials choosen by the people with paper ballots and counted on live T.V. in front of America, Down with the Supreme Court Justices and make room for knew ones voted on by the american people. Down with the President Barack Obama for he was voted in office by the computer ballots and the electoral system! Investigate 9/11 and hold trial for George W. and his executive office. Down with all these unconstitutional acts like the Patriot Act. Finally, let Capitalism and free-markets lead our nation! AMERICA WILL NO LONGER COMPLY WITH THE SYSTEM GOVERNMENT AND PAY UNTIL WE SEE REAL CHANGE
Gary Reply:
October 22nd, 2009 at 9:44 am
Wrong. Government isn’t funded by our taxes, in the first place. Alex has said so, himself. You taxes go to pay the interest on the debt accrued by the issue of our “money,” which is issued with debt attached. This “money” is created out of nothing by the Fed and whenever the government needs money to fund its operations, it simply has the Fed create more of it out of nothing. It doesn’t use our tax dollars, which wouldn’t pay for half of what the government is doing. So, ceasing to pay our taxes wouldn’t stop them, it would only piss off the international banking cartel that runs our government from behind the scenes and the most likely result of that would be that use the police and the military might of the government to compel us to pay up (which is, effectively, what they do, anyway. It is the implied threat of force that gets us to pay).
Another flaw in your solution is that it has to be one en mass, i.e., everyone must participate at the same time, otherwise it will have little or no effect. The vast majority of Americans are still asleep, unaware that there is any reason for them to stop supporting the beast, and they will continue doing so for as long as they remain asleep. So, the first priority, it would seem, is to wake them up. Any solution – no matter what it consists of – that requires the cooperation of everyone is dependent upon everyone being aware of the problem.
kw Reply:
October 22nd, 2009 at 12:59 am
Yes, we stop paying income taxes and end the IRS. See, http://www.devvy.com, www. thelawthatneverwas.com, and http://www.givemeliberty.org.
JonVon Reply:
October 22nd, 2009 at 8:09 am
I am going long on euro futures.
Pirates for Truth Reply:
October 22nd, 2009 at 4:12 am
Fall of the Republic up on Bittorrent now!
Get it and spread it!!
Download link for .torrent file
http://www.feboshare.com/files......1.torrent
whitemale08 Reply:
October 21st, 2009 at 6:21 pm
WHAT ABOUT GOLDMAN SUCKS AND JP MORGAN???
They still have billions of backdoor bail out money from AIG.
IrishGal Reply:
October 21st, 2009 at 6:24 pm
Goldman Sachs owns the government.
Michelle Reply:
October 21st, 2009 at 7:19 pm
i am talking about most other articles on this site with the references comment, since this one actually comes from the wall street journal…just wanted to clarify that.
Michelle Reply:
October 21st, 2009 at 7:24 pm
My last comment seems to have been moderated…so, here it is again…
Actually, if you read the real news, and not this piss-pot you’d notice that Goldman Sachs already paid back the gov, as well as Signature Bank, IberiaBank, and 4 others who paid back the money with interest.
JPMorgan Chase (JPM, Fortune 500), Goldman Sachs (GS, Fortune 500), American Express (AXP, Fortune 500), Bank of New York Mellon (BK, Fortune 500), State Street (STT, Fortune 500) as well as regional banking giants Capital One (COF, Fortune 500), BB&T (BBT, Fortune 500) and U.S. Bancorp (USB, Fortune 500) have paid back their bailout funds. In fact, Goldman Sachs refused more funds saying they didn’t need it.
The ones outlined in this article have yet to pay it back, which is why the pay cut. So yeah…
References:
http://money.cnn.com/2009/06/0…../index.htm
http://www.usatoday.com/money/…..lout_N.htm
[Editor's note: Michelle, your links were being checked... and when you posted it the second time, six minutes later the software automatically recognized the posts as spam... had I not been here both would remain unapproved until I could look at them. Any time more than one link shows up in a post they're automatically flagged...~JTCoyoté]
Michelle is lying Reply:
October 21st, 2009 at 10:12 pm
Michelle is lying. Sachs, for example, has only paid back 10 out of 50 or 70 billion that they owe. Do you work for Goldman Michelle? Hmmm?
Michelle Reply:
October 21st, 2009 at 11:01 pm
actually, from my research, because that’s what i do before i comment so i don’t sound like an idiot, say that that they have. Can you cite references saying that they haven’t other than just you saying so?
And because i disagree with you i work for Goldman? wtf? are you really that paranoid? maybe i do work for them, i mean i am disagreeing with your cult (sarcasm)
BigAhmad Reply:
October 21st, 2009 at 10:41 pm
Is she serious with cnn and usatoday References..
Michelle Reply:
October 21st, 2009 at 10:59 pm
cuz you know, references from random people on the internet are better…
whitemale08 Reply:
October 22nd, 2009 at 12:09 am
Goldman Sucks and JP Morgan ’supposedly’ paid back the TARP money but what about the backdoor bailouts of $13 billion through AIG?
That’s why AIG was put into ‘conservatorship’ instead of ‘receivership’ i.e. BANKRUPTCY!
Same thing with Fannie/Freddie; Paulson put both into ‘conservatorship’ instead of ‘receivership so Goldman Sucks and JP Morgan could still cash in on the hundreds of billions in worthless derivatives and credit-default swaps backed by MBS (mortgage backed securities).
Stop listening to CNBC and these other stupid financial shows and go to larouchepac.com or Max Keiser’s website.
Goldman Sucks and JP Morgan are the worse ones and abused the taxpayer more then Citi or Bank of America combined.
Goldman Sucks and JP Morgan, according to the Federal Reserve’s own website, is said to have over $39 trillion in worthless derivatives and credit-default swaps on their ‘off-balance’ sheets that they are figuring out ways to dump on the taxpayer.
That’s why this ‘carbon credit’ garbage is so lethal, they wish to create a fictitious debt called the ‘climate debt’ and monetize by taking all the cash from Bernanke @Federal Reserve to convert it into the new ‘global reserve currency’ that will represent that debt before you and I could do the same thing.
GOLDMAN SUCKS AND JP MORGAN AND ANGLO-DUTCH BANKS LIKE BARCLAY’S CAPITAL AND UBS ARRRREEEE THHHEEEE FUUUUCCCKIINNNGGG ENEEEEMY!!!!!!
Michelle Reply:
October 22nd, 2009 at 1:10 am
wow….finally someone who makes sense…yes goldman sachs and jp morgan should be banished from the earth they are so corrupt…..goldman f’in gave more in severance pay than they got from the gov…They are beyond corrupt
But it is really refreshing to see someone who actually does research on here rather than spout claims they hear from some guy on the internet who loves to sell his name. Thank you very much for actually giving me hope in the movement besides just saying that i work for Goldmann sachs like your part of some kind of cult, and because i look things up i’m some kind of psyop out of some schizophrenic paranoid vision or something.
Though i may not totally agree with Larouche, i will read his material and see what findings i can come to. It’s very interesting what can happen when you aren’t insulted or have to read things that make you thing you are on the outside of the cult or w/e.
Whoever undertakes to set himself up as a judge of Truth and Knowledge is shipwrecked by the laughter of the gods. -Albert Einstein
whitemale08 Reply:
October 22nd, 2009 at 1:47 am
We should at least ‘claw back’ any bonuses handed out by anybody who touched ’sacred taxpayer’ money.
MAKE IT RETRO-ACTIVE AND STILL SHUT DOWN GOLDMAN SUCKS AND JP MORGAN!
whitemale08 Reply:
October 22nd, 2009 at 1:53 am
It’s not ‘OK’ for private companies to touch precious sacred taxpayer funds for any reason whatsoever.
If what was done then why didn’t the government IMMEDIATELY SHUT DOWN GOLDMAN SUCKS AND JP MORGAN and put Hank-the-Snake Paulson in jail and on the ‘TERRORISTS WATCH LIST’?
And after Goldman Sucks and JP Morgan got bailed out, how come they were still allowed to keep their doors open and still operate their business?
CALL CONGRESS AND DEMAN THAT GOLDMAN SUCKS AND JP MORGAN FILE FOR CHAPTER 11 PRE-PACKAGED BANKRUPTCY AND IMMEDIATELY GO INTO RECEIVERSHIP!
THEY ARE MORE DANGEROUS THEN OSAMA BIN LADEN OR ANY TERRORISTS TO HAVE EVER EXIST!
WE DON’T NEED TO WALL STREET TO REBUILD OUR ECONOMY…..
WE JUST NEED OUR FUCKING MONEY BACK NOWWWWW!!!!!
ALL OF IT YOU FUCKS!!!!!
Mark Reply:
October 22nd, 2009 at 9:04 pm
whitemale08…. took the words right outta my mouth… sometimes its not what they say or do… its what they DON’T say or do that reveals them for the banksters butt porkin – favoritism – scum they are !!!!!!!!!!!!! Funny how it all seams to come back to the TRI-LATERALS !!!!!!!!!!
October 21st, 2009 at 4:14 pm
Kenneth Feinberg, Fick dich! What do you call it, when the government owns the means of procuction? The USA ist going down. When the government owns the corporations and sets salaries, you know it’s time to lock and load. These worms, these “czars” need a solid .308 through the head. It’s time.
October 21st, 2009 at 4:15 pm
Wow I’m impressed they really got slammed. They only get 75 million of 100 million of illegal FRN’s that were stolen. Wow they are really coming down hard on them!
October 21st, 2009 at 4:15 pm
Rothschild says… http://www.youtube.com/watch?v.....rofilepage
October 21st, 2009 at 4:17 pm
CITI GROUP IS EQUAL TO CITI MOBS
WALL STREET CARTELS + CITI MOBS = FEDERAL RESERVE
FEDERAL RESERVE + CFR = UN
UN = NEW WORLD ORDER
October 21st, 2009 at 4:17 pm
According to the legend, Genghis Khans ancestress, Alan Hoa, had five sons who were constantly fighting with each other. One day she gathered them around the hearth fire and gave them each an arrow. She told them to break it, which they did with ease. Then she tied five arrows together and told them to break the bundle. None of them could. She then told her sons, Brothers who work separately, like a single arrow shaft, can be easily broken, but brothers who stand together against the world, like a bundle of arrows, cannot be broken.
October 21st, 2009 at 4:26 pm
these exex and politicians are criminals of the highest order.
October 21st, 2009 at 4:30 pm
7th.
October 21st, 2009 at 4:47 pm
So ‘official’ pay may drop a tad, but compensation will go up in so many other ways via perks and off the radar structured financial accounting deceptions. They’re fooling nobody awake.
October 21st, 2009 at 4:47 pm
not to worry people, 30 states are claiming 10th amend. sov.
hahahhaahahahahah……….just kidding they aren’t really.
October 21st, 2009 at 4:48 pm
im’ surprised they where able to find 25 non-ishju s’ to target
October 21st, 2009 at 4:50 pm
WHAT ABOUT GOLDMAN SACHS?
WHAT ABOUT GOLDMAN SACHS?
JonVon Reply:
October 21st, 2009 at 5:01 pm
They paid the money back months ago.
“We don’t want no stinkin pay cut!!!” drove by the White House and threw the money on the front lawn like it was pocket change.
Michelle Reply:
October 21st, 2009 at 11:03 pm
shhh…read my post above and the responses…apparently they don’t want to know that
October 21st, 2009 at 4:58 pm
Believe it when you don’t see it.
October 21st, 2009 at 5:24 pm
Hey, why can’t we cut congress a years pay? Look at all the Money we gave them and they never paid us back a dime.
October 21st, 2009 at 5:56 pm
Being part of the controlled opposition is very lucrative.
October 21st, 2009 at 6:36 pm
They will all still get their $money$ regardless .
One way or another.
October 21st, 2009 at 6:36 pm
You all keep on paying your taxes now here. How did that song go, ” Another day older and deeper in debt, I owe my soul to the Government store” something like that I believe. Peace everybody
October 21st, 2009 at 6:40 pm
Fur Trader,
Jimmy Dean and Johnny Cash both did that song I think.
kw Reply:
October 22nd, 2009 at 12:48 am
It was Tennessee Ernie Ford.
October 21st, 2009 at 7:15 pm
Once again they distract us with a few million here and there while trillions are still flowing out of the Fed reserve, including money coming off the printing presses at $10000.00 a second (out of thin air). Keep the spotlights on the bankers though, they are fully fully aware the public is waking up.
http://www.usdebtclock.org/
October 21st, 2009 at 7:41 pm
They will only penalize the innocent ones.
When you make big bucks like Madeoff with Billions.
You pay the mafia for their protection.
Paulson and his buddies at Goldman are not going to get hit.
Plus this is illegal activity by the czar.
How about you have stopped the plundering by regulation instead of coming back later and illegally penalizing the innocent who just work there.
The companies are happy with this last manuever because now they have excuse to cheat the regular employees.
But the top CEO’s got their money at bailout payoff. Now it is a pony show and excuse to do further illegal activity in the future.
We want LESS government.
Not MORE.
October 21st, 2009 at 9:26 pm
Alex, can you please have Russel Means on the show again.
And maybe you could get someone from the Free Lakota Bank on too.
http://freelakotabank.com/
October 21st, 2009 at 9:43 pm
Where are the grapes of wrath? Wheres my mortgage modification? That was such bullshit! I hope the Lord High God Barama will wave his magic wand and create a new Hummer, Give a tax credit on it and than jack up the price of petrol. You know like Bush did. Bomb a building and than give mortgages to any Tom, Dick and Harry. Which one shall I marry? I think Ill marry Tom, Cause………. LOL MCB
October 21st, 2009 at 10:15 pm
GOOD! Keep the capitalist pigs under control!
October 21st, 2009 at 10:22 pm
download alex jones’ new political documentary for free http://www.mininova.org/tor/3069662
October 21st, 2009 at 10:55 pm
Wall street banker lobbyists in DC are a cancer, they need chemo, the type designed to target and remove cancers.
http://www.usdebtclock.org/
October 21st, 2009 at 11:08 pm
yada yada yada…i’d rather read thomas jefferson’s bible…you know, the one that doesn’t have any dogma in it and can actually have a proper understanding of morals and why to live by them without the fearmongering?…The Life and Morals of Jesus of Nazareth i think it was…
October 21st, 2009 at 11:49 pm
HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:
http://alex-jones-archives.politicsfiles.info/
TODAY:
- Webster Tarpley:U.S. Attacks Iran Via CIA-Funded Jundullah Terror Group
- Paul Watson:Vaccine Hype & CIA’s Funded Jundullah Terror Group in Iran
- Alex Jones asks supporters to redouble efforts to save falling Republic
- Lindsey Williams:Total Economic Collapse of America in 2 Years?
- David Ray Griffin:Official Report About 9/11 is Unscientific and False
Backup your favorite episodes, don’t miss any!
October 22nd, 2009 at 5:20 am
Dirty cocksucker CEO’s either pay back the U.S. taxpayer all the money with interest or face a drastic cuts in compensation.
Sounds fair.
October 22nd, 2009 at 7:22 am
Yawn. Let me know when god’s back in town; I’d like to have a sit down with him. See how the vacation went. I’m sure his first question will be: “How many did we loose while I was away?”
Prax
Michelle Reply:
October 22nd, 2009 at 5:53 pm
lmao…awesome
October 22nd, 2009 at 7:38 am
http://911essentials.com says the toilet cam czar will decide how many sheets you will be allowed to use per wipe.
Wonders how many more days until the shear weight of abject stupidity collapses this decrepit, bloated government ….