Follow WallStreetBlips on Twitter
Friday Flip-Flop
Phil’s Stock World —
... The first thing was the House passing the Bonus Tax by a wide margin (328-93) indicating enough Republicans were on board that this may go through the Senate as well. The bill would impose a 90% surtax on bonuses granted to employees who earn more than $250,000 at companies that have received at least $5 billion from the government’s financial rescue program. The bonus tax, if approved by the Senate and signed into law, would be retroactive to Dec. 31, 2008. This is simply outrageous and ridiculous - retroactive taxes??? Are they ...
Friday Flip-Flop
Trading Goddess —
... The first thing was the House passing the Bonus Tax by a wide margin (328-93) indicating enough Republicans were on board that this may go through the Senate as well. The bill would impose a 90% surtax on bonuses granted to employees who earn more than $250,000 at companies that have received at least $5 billion from the government's financial rescue program. The bonus tax, if approved by the Senate and signed into law, would be retroactive to Dec. 31, 2008. This is simply outrageous and ridiculous - retroactive taxes??? Are they kidding? ...
Is Obama Running Interference to Protect Bankers’ Pay?
Rolfe Winkler —
... The administration’s proposed pay restrictions sound to me like a rearguard action. Friday the House passed a bill that would essentially confiscate bonuses paid to all employees making over $250,000 at companies that have received $5 billion+ of bailout money. You know Timmy Geithner and Sheila Bair don’t like the sound of that. Both have made clear that Wall Streeters should get paid whatever amount appropriately incentivizes them to clean up their own mess. How to compromise with angry lawmakers that want stricter restrictions? Perhaps by cutting a ...
Guest Post: Is Obama Running Interference to Protect Bankers' Pay?
naked capitalism —
... The administration's proposed pay restrictions sound to me like a rearguard action. Friday the House passed a bill that would essentially confiscate bonuses paid to all employees making over $250,000 at companies that have received $5 billion+ of bailout money. You know Timmy Geithner and Sheila Bair don't like the sound of that. Both have made clear that Wall Streeters should get paid whatever amount appropriately incentivizes them to clean up their own mess. How to compromise with angry lawmakers that want ...
