Tuesday, April 14, 2009

Outraged: CEO Pay at TARP $$ Recipients

Do you want to really DO something meaningful?

Well, go to: http://aflcio.org/corporatewatch/paywatch/ceou/tarp.cfm . There you will find that the largest corporate recipient (CITI Bank) of our TARP tax dollars through the scam foisted on us by Hank Paulson and George Bush was ALSO the CEO who had the highest compensation in 2008!

Yes, Vikram Pandit of CITI Bank received OVER $38,000,000 in compensation in 2008 while his company was apparently in imminent danger of collapse ... hence the need to accept $50,000,000,000 in TARP funds. (Oh, yea, and this guy was caught trying to spend some number of $millions REMODELING his offices!)

This is an outrage regardless of whether you are a 'Democrat', 'Republican' or ... whatever.

Please get involved!

(You do remember, don't you, that in October 2008 Hank Paulson came to congress on a Thursday and said he needed the $700,000,000,000 for TARP ... OR ELSE the entire American financial system would FAIL by the following Monday, don't you? Obama ... INHERITED ... this scam to defraud our country. He didn't create it.)