Sunday, February 1, 2009

Obama's Wall Street Disgorgement

Disgorge, Wall Street Fat Cats - Dowd, New York Times

The president’s disgust at Wall Street looters was good. But we need more. We need disgorgement. Disgorgement is when courts force wrongdoers to repay ill-gotten gains. And I’m ill at the gains gotten by scummy executives acting all Gordon Gekko while they’re getting bailed out by us. With the equally laconic Tim Geithner beside him, Mr. Obama called it “shameful” and “the height of irresponsibility” for Wall Street bankers to give themselves $18.4 billion worth of bonuses for last year *** What Red Ink? Wall St. Paid Fat Bonuses -

Why Disgorgement is Needed CITI'S SKY-HIGH ARROGANCE COMPANY JET FOR MOGUL'S LUXE HOLIDAY *** AP: Bailed Out Banks Sought Thousands Of Foreign Workers For High-Paying Jobs *** Herbert Hoover Lives As The GOP Goes AWOL - Rich, Times *** WaPo: Obama's New Bailout Plan Unlikely To Limit Executive Pay *** Wall Street Execs Defend Bonuses *** Obama: Wall Street Bonuses Are "The Height of Irresponsibility" *** Bonus Barack attack *** Obama slams Wall Street bonuses: 'Shameful' *** Bonuses: McCaskill condemns, Chuck says nothing *** Out of Gaps in Treaties, First Salvos of Trade War *** Soft drink marketing gets makeover amid recession ***A BAD (BANK) IDEA: TREASURY'S GEITHNER FLIP-FLOPS ON RESCUE - concerns on how Washington would price the toxic mortgage securities *** Elvis Has Left the Mountain There is no magic bullet for this economic crisis. We are going to have to learn to live with a lot more uncertainty for a lot longer than our generation has ever experienced- Friedman, Times ***

Road to City Hall Term limits extension still unpopular From NY1 *** Gennaro turns MIH protest into political rally *** But the City has money for this? *** Money is no object for Helen Marshall *** QNS. BEEP BUILDS $20M GLASS ROOF AMID $TORM CAUSED BY ECONOMIC CRISIS *** More on the budget from the Daily *** Lisberg: Looks like mayor plays bash-&-switch *** For Weiner, Politics Isn’t Enough of a Contact Sport *** Recession Has Landlords of Retail Tenants Extending Discounts of Their Own *** A Month Free? Rents Are Falling Fast *** At the End of the Line, Uneasy Riders - Bx34 is one of 21 buses throughout the city that are candidates for elimination this spring *** Bloomberg's Terrifying-Yet-Optimistic Budget *** Sen. Chuck Schumer unlikely to see competition in 2010 reelection bid *** Super Bowl parties become campaign tool for local politicians.

Inspector Clouseau NYPIRG, Common Cause, Citizens Union and the League of Women Voters have written to Paterson asking that Grandeau be named successor to John Feerick - who abruptly quit this month just hours after The Post reported that two Public Integrity Commission members had retained criminal lawyers *** CONEY I. HOSPITAL BOSS OUT *** Scary truth behind Fed safety classes *** NEW TAX SLAP FOR CIPRIANIS.

Washington I'LL SAVE YOUR HOMES: BAM *** Daschle Has Tax Trouble *** Daschle Knew of Tax Issues Over Car Use Last June *** Amends returns... *** Daschle latest Bam pick mired in minor scandal *** Mac Rush-es To Slam Bam *** Obama Officials Spar On Bank Plans *** A Stimulus Plan With Dual Goals: Reform and Recovery *** Obama pushes for quick action on stimulus *** Geithner, Bernanke work on bailout overhaul *** A REPUBLICAN CHAIRMAN... *** New RNC Chair Steele: Bipartisanship Is Overrated *** Incoming RNC chair to advocate 50-state strategy *** 'RECOVERY WILL TAKE YEARS, NOT MONTHS'... *** Finance committee close-door meeting on Monday... *** On Wall Street, New Reality on Pay Sets In ***Obama swears annual roast is all in fun *** GOPer Gregg for trade secretary *** Palin Among GOP Govs Backing Obama Plan.