Pay Czar "Socialism 101"

The United States Of America has truly, become a "Socialist Nation" when you can control the pay or compensation of the Average hard working American. This is only the beginning of control over the financial industry, car industry and other crucial industries in America. The so-called Pay Czar will oversea salaries of rescued companies. The Obama administration plans to appoint a "Special Master Of Compensation" to ensure companies receiving federal funds are abiding by federal pay guidelines, according to people familiar with the matter. The administration is expected to release executive-pay guidelines for firms receiving aid from the 700 billion dollars "Troubled Asset Relief Program". Those companies include banks, auto makers, insures are subject to a host of compensation restrictions imposed by the Bush and Obama administrations and by Congress. OHB is requiring that additional compensation pay be in the form of restricted stock, vesting only after the company repays the debts with interest to the government. As part of the effort lawmakers are barred those firms from paying top earners bonuses that equal more than a third of total compensation. For, instance, the Federal Reserve is considering rules that would curb the ability to pay employees in a way that would threaten the "Safety And Soundness" of the Bank. The Obama administration will name Kenneth Feinberg who oversaw the federal government compensation's fund for victims of September 11, 2001 terrorist attacks, to act as Pay Czar for the Treasury Department. Finally, Sen. Robert Byrd a Democrat from West Virgina said, that having all these Czar's is a dangerous a trend, because they only report to the President Obama. President Obama is tighten his fist around every aspect of private, public and social life in America. Therefore, one of America's biggest enemies and critics of the United States President Hugo Chavez made a statement saying that President Obama was to the right of Fidel Castro and himself, because Obama was now in control of General Motors or Obama Motors. There is no secret in the world community that Obama is a socialist but it seems like the last people to know is the American people who are going along with the destruction of America

MERRILL CEO 1.22 MILLION FOR FURNITURE

The chief Executive of Merrill Lynch will resign from Bank Of America today Effective immediately. Bank of America's shares fell sharply after reports surfaced that the executives are meeting about the future of he company. The reports all around town is that Merrill Lynch lost a estimated 5 billion dollars in the fourth quarter and these clowns decided to move the bonus up right before they were acquired by Bank Of America on Jan 1. The CEO of Bank Of America Ken Lewis met with executives to discuss John Thain future. CNBC learned that Thain spent 1.22 million redesigning his office including 35, 000 for a commode on legs when he, became CEO of Merrill Lynch a year ago. Thain also, paid his driver 230,000 a year of work which included 85,000 a year in salary 18,000 in bonus and 128,000 in overtime expenses documents show. drivers of other executives are paid about half of the amount. this clown spent this much money on office furniture after losing 12 billion in the second quarter earnings. Bank Of America has come under fire for acquiring Merrill Lynch because they knew about the move up of bonuses right before the takeover by Bank Of America. bank of America is the same bank that has stuck it to the American people again by getting another 20 billion dollars for the United states Government. The Treasury Department sent Bank Of America 25 billion dollars a few months ago and these clowns wasted the money.