Archangel
2009-03-26 20:45:00 UTC
Watchdog: Barney Frank Is Porker of the Month
Thursday, March 26, 2009 9:38 AM
By: Dave Eberha
Rep. Barney Frank, D-Mass., has been named “Porker of the Month” by
Citizens Against Government Waste.
The group wrote in a statement, "The chairman, having somehow eluded
this dubious award in the past, finally delivered enough of Barney’s
blarney to be recognized, appropriately, on St. Patrick’s Day.
"On Monday, March 16, 2009, Chairman Frank expressed public umbrage over
reports that insurance giant AIG, a recipient of $173 billion from the
U.S. Treasury, had distributed $165 million in retention bonuses to some
of the employees who helped bring the company to the verge of collapse.
Chairman Frank fulminated that AIG had 'rewarded failure' in awarding
the bonuses. That's rich.
"Chairman Frank has never been shy about rewarding failure in the past
and he generally favors using taxpayer dollars to do it. He was front
and center in support of enactment of TARP, which noticeably had no
enforceable strings attached related to executive compensation. Indeed,
he helped promote perks by bank executives.
http://www.newsmax.com/insidecover/barney_frank_porker/2009/03/26/196291.html
CHANGE YOU CAN COUNT ON!!
ARCHANGEL
Thursday, March 26, 2009 9:38 AM
By: Dave Eberha
Rep. Barney Frank, D-Mass., has been named “Porker of the Month” by
Citizens Against Government Waste.
The group wrote in a statement, "The chairman, having somehow eluded
this dubious award in the past, finally delivered enough of Barney’s
blarney to be recognized, appropriately, on St. Patrick’s Day.
"On Monday, March 16, 2009, Chairman Frank expressed public umbrage over
reports that insurance giant AIG, a recipient of $173 billion from the
U.S. Treasury, had distributed $165 million in retention bonuses to some
of the employees who helped bring the company to the verge of collapse.
Chairman Frank fulminated that AIG had 'rewarded failure' in awarding
the bonuses. That's rich.
"Chairman Frank has never been shy about rewarding failure in the past
and he generally favors using taxpayer dollars to do it. He was front
and center in support of enactment of TARP, which noticeably had no
enforceable strings attached related to executive compensation. Indeed,
he helped promote perks by bank executives.
http://www.newsmax.com/insidecover/barney_frank_porker/2009/03/26/196291.html
CHANGE YOU CAN COUNT ON!!
ARCHANGEL