DescentBB

tunnelcat wrote:

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.

SilverFJ wrote:For the muttering blonde picture, Cuda gets the hilarious award for today.

Insurrectionist wrote:Eleven of the individuals who received 'retention' bonuses of one million dollars or more are no longer working at AIG, including one who received 4.6 million dollars. NIce to know, take the money and run.

CUDA wrote:TC while we are at it here's another tidbit of information for you. it appears that Democrat Chris Dodd had put into the legislation on the last bailout legislated during the Obama administration. A little clause that prevents the US government from touching the bonuses for any AIG employee. he made it ILLEGAL for the government to prevent any bonuses before 2-11-09. yes the very same Chris Dodd DEMOCRAT that enacted the legislation that caused the entire housing industry to collapse. it seems that While Mr. Dodd was receiving about $100,000.00+ a year from the lobbyists. he was in the Pockets of AIG. to put it in layman's terms he was bribed. but with your blinders on you would never have seen that coming huh. must be because he's a DEMOCRAT and we know how Lilly white they are

tunnelcat wrote:The Dodd story is looking like a lie by the right wing press.

SilverFJ wrote:For the muttering blonde picture, Cuda gets the hilarious award for today.

President Barack Obama seeks new powers that would allow his administration to seize troubled companies like the insurer AIG — and take ownership of their toxic assets — if their collapse would threaten the financial system.

One official at a banking industry trade group in Washington said the Obama proposal raises concerns about the possible \"nationalization\" of banks.

Further details of the Obama administration's regulatory overhaul package are expected to be unveiled as early as next week, in advance of an April 2 meeting in London the president will attend to discuss the financial crisis with other world leaders.

\"This is part of the broader package of financial regulatory steps that we're going to be taking that ensures that, going forward in the future, we're not going to find ourselves in these kinds of terrible positions again,\" Obama told reporters before departing on a trip to California.

Obama said it was \"outrageous\" that the government was being forced to \"clean up after AIG's mess.\" He said it was critical that the government have the \"tools to prevent ourselves from getting in a situation where an AIG can pose such enormous vulnerabilities to the system as a whole.\"

European countries have pushed the administration to take a tougher approach to financial regulation, believing it was a weak regulatory structure in the United States that led to the crisis that has now pushed the global economy into recession.

Executive Orders associated with FEMA that would suspend the Constitution and the Bill of Rights. These Executive Orders have been on record for nearly 30 years and could be enacted by the stroke of a Presidential pen:...


EXECUTIVE ORDER 10990

allows the government to take over all modes of transportation and control of highways and seaports.

EXECUTIVE ORDER 10995

allows the government to seize and control the communication media.

EXECUTIVE ORDER 10997

allows the government to take over all electrical power, gas, petroleum, fuels and minerals.

EXECUTIVE ORDER 10998

allows the government to seize all means of transportation, including personal cars, trucks or vehicles of any kind and total control over all highways, seaports, and waterways.

EXECUTIVE ORDER 10999

allows the government to take over all food resources and farms.

EXECUTIVE ORDER 11000

allows the government to mobilize civilians into work brigades under government supervision.

EXECUTIVE ORDER 11001

allows the government to take over all health, education and welfare functions.

EXECUTIVE ORDER 11002

designates the Postmaster General to operate a national registration of all persons.

EXECUTIVE ORDER 11003 allows the government to take over all airports and aircraft, including commercial aircraft.

EXECUTIVE ORDER 11004 allows the Housing and Finance Authority to relocate communities, build new housing with public funds, designate areas to be abandoned, and establish new locations for populations.

EXECUTIVE ORDER 11005

allows the government to take over railroads, inland waterways and public storage facilities.

EXECUTIVE ORDER 11051

specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.

EXECUTIVE ORDER 11310

grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.

EXECUTIVE ORDER 11049

assigns emergency preparedness function to federal departments and agencies, consolidating 21 operative Executive Orders issued over a fifteen year period.

EXECUTIVE ORDER 11921

allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution, of energy sources, wages, salaries, credit and the flow of money in U.S. financial institution in any undefined national emergency. It also provides that when a state of emergency is declared by the President, Congress cannot review the action for six months. The Federal Emergency Management Agency has broad powers in every aspect of the nation. General Frank Salzedo, chief of FEMA's Civil Security Division stated in a 1983 conference that he saw FEMA's role as a \"new frontier in the protection of individual and governmental leaders from assassination, and of civil and military installations from sabotage and/or attack, as well as prevention of dissident groups from gaining access to U.S. opinion, or a global audience in times of crisis.\" FEMA's powers were consolidated by President Carter to incorporate the...

National Security Act of 1947

allows for the strategic relocation of industries, services, government and other essential economic activities, and to rationalize the requirements for manpower, resources and production facilities.

1950 Defense Production Act

gives the President sweeping powers over all aspects of the economy.

Act of August 29, 1916

authorizes the Secretary of the Army, in time of war, to take possession of any transportation system for transporting troops, material, or any other purpose related to the emergency.

International Emergency Economic Powers Act

enables the President to seize the property of a foreign country or national. These powers were transferred to FEMA in a sweeping consolidation in 1979.

Ferno wrote:"These Executive Orders have been on record for nearly 30 years"

Not just Obama, The last FIVE presidents have had this power. and until those executive orders are purged, every future president will have those same powers.

flip wrote:True, but what the other presidents didn't have was a world wide economic crisis on their hands. I've said the whole time this is all contingent on a full collapse.

dissent wrote:heh, I'm stealin' it.


Thx Cuda !!!

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.

snoopy wrote:

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called “the Dodd Amendment” by the Obama Administration provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” -- which exempts the very AIG bonuses Dodd and others are now seeking to tax.

I vote for a 100% tax rate on said bonuses. Not that I really want the money in the government's hands, but I'd rather them have it than the blood suckers that are becoming millionaires off of my tax dollars.

tunnelcat wrote: It's beginning to look like the Geithner, Summers and Bernanke cabal left over from previous administrations is going to haunt Obama by trying to protect Wall Street.

tunnelcat wrote:... Thank you for nothing, Reagan!

tunnelcat wrote:...Reagan's the one who started this whole 'lets get rid of big government' theme that Republicans and ConservaDems have run with ever since by whittling away at our government's structure and deregulating Wall Street and banking. Now we are bearing the fruit of his dream, whether Republicans like it or not.

Brain Wash wrote:That is how the system works!

Educated people are taught to scorn any idea of "conspiracy". However honest thought shows conspiracy an historic and ever present fact of life. Having gone that far, more honest thought brings us face to face with the fact of human greed for power. We only need look at the clear evidence to see the real world as very different from what we are taught to believe. Or, as Disraeli put it over one hundred years ago, "The world is governed by very different persons from what those believe who are not behind the scenes." Disraeli was in a position to know.

Manipulation of human intelligence for the purpose of mass enslavement is perhaps the most despicable and inhuman abuse of power that one group of humans can practice on another.

Although drugs do help control people there is no need to put something in the water to create a zombie-like enslavement of the mass population. Designed misinformation is safer and gives the tyrant elite a more useful result because it allows the victim a determined pursuit of prosperity that will become the tyrant's reward.

Brain Wash wrote:Two things become notable from any study of modern mass persuasion technique:

1. No matter if the activity is to find answers to what opinion is popular with the public - what people think of a business or service; or whether it is to manipulate the public to form a favourable opinion of a business or service, one thing remains constant - to take advantage of the public.

2. No matter whether the activity of public relations is presented as being for the public benefit or for private advantage, there is never any acknowledgement that human beings are involved - humans are treated as animals without rights, without humanity and without respect. To the mind manipulator the great mass of humanity is a mere collection of biological machinery to be used for the benefit of a superior elite.

\"All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.\"

Authur Jason wrote:"A so called 'bailout backlash', a huge rise in public antagonism toward banks and Wall Street, is set to provide the Obama administration and the governments of the G20 nations a pretext to usher in a new era of international centralization and control over financial practices and institutions."

Remember, all these major international events are scripted. Therefore, the outrage toward companies like AIG was scripted. These huge bonuses paid to top executives of companies who have accepted many billions of dollars of government funds are planned. You will see why the script was written this way as we continue with our news story.

"The backlash or 'bailout rage' as others have dubbed it, has been further heightened by revelations regarding AIG’s squandering of almost $100 billion in taxpayer rescue funding - which it siphoned off to Goldman Sachs and a number of European banks - in addition to the company’s plan to continue issuing massive bonuses to the people in the very division that were responsible for it’s spiraling derivative-driven downturn."

"The intention to use such practices to push for increased authoritative regulation is clear."

With this outrage, President Obama and the Congress will have the public backing they need to completely and thoroughly complete the transition from the old Capitalist Economy to the tightly controlled Fascist Economy.

The regulatory laws the government passes in order to deal with the AIG excesses will be written in such a manner as to apply to any other company in any other part of the economy. In the name of preventing unwarranted "greed", government regulations will be forced upon well-run companies who would never have come under the tight thumb of the Federal Government by any other means.

Welcome to the New World Order!