Treasury Secretary Tim Geithner tells Katie Couric he is open to more unconstitutional terminations of CEOs, continuing Team "O"s assault on the markets, investors and capitalism.
President Obama, in a blatant abuse on his constitutional Executive power, felt it necessary to fire GM CEO Rick Wagoner this week.
Tim Geithner unveiled a plan last week, designed to give Treasury Department the ability to take over financial institutions at the Secretary's choosing.
Recently, a bill has been introduced in Congress, HR 1664 Grayson-Himes Pay For Performance Act of 2009, which aims to cap pay which is not performance based and any and all employees who work for companies receiving bailout dollars.
It's a power grab to redistribute wealth, penalize the successful and establish a communistic "equality" among Americans. Regulation = control and power.
Team "O" wants to destroy free market capitalism. There is ample proof of Obama's war on investors. Welcome to The United Socialist States of America (USSA).
CBS News:
Days after GM's CEO Rick Wagoner was forced out by the Obama administration, Treasury Secretary Timothy Geithner left open the possibility that such moves could happen again.
In an interview with CBS Evening News anchor Katie Couric, Geithner acknowledged the government has had to do "exceptional things" – citing AIG as well as Fannie Mae and Freddie Mac.
"We have changed management aboard," he said. "And where we've done that, we've done it because we thought that was necessary to make sure these institutions emerge stronger in the future."
ENOUGH1 IF ANYBODY SHOULD BE SUBJECTED TO PAY FOR PERFORMANCE IT SHOULD ALL MEMBERS OF CONGRESS ALONG WITH FEDERAL CIVIL SERVICE EMPLOYEES. CROOKED BASTARDS!
ReplyDeleteTurbo-tax Timmie is the one who's pay needs to be linked to his perfomance. If it were he'd be working at a deficit just like the economy he's in charge of. Same for the rest of the hypocrits in Congress!!
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