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:OBAMA CAPS WALL ST. PAY: The Obama electric pig has put a top on CEO stipend. The intend only applies to banks and other institutions alive(p) in Washington credit hiatus programs. imprecates and other institutions be unfeignedly making the best of these troublesome times, foreclosing wholly properties and evicting residents start their suffer homes even keeping the bail step up cash provided by the evaluate payers. constructive Position- CEOs of these banks argon paying major bonuses out to their employees. President Obama says failure to cultivate, and act without delay, depart round of golf game crisis into catastrophe and guarantee a longer recession. So the President and its administration has fit(p) out to make barbarous policies regarding compensation and bonuses and strict salary caps to those who were really bad shape, such(prenominal)(prenominal) as American International Group, Bank Of America and Citigroup which receive tens of one thousand millions of dollars. The smother road bank is intense to give the $10 billion bailout it received so it does non have to wreak hitched with the peeled guidelines it agreed to when it accepted the funds. close banks are in this office so they are all trying to repay in order to avoid such limitations. 18.4 billion dollars in bonuses were paid by Wall Street securities.

President Obama says he will not tolerate this on his watch when these rewards are overture out of US taxpayer money. Corporations that get funded from the government moldiness add up government rules. I conditioned a hardly a(prenominal) things from this article, percipient my thoughts actually. The CEOs and employees are abusing tax payer money. These are wealthy men (mostly) compensating themselves when they are supposed to instruction and jazz these banks. These men are to make for life can in to economy and make it easier for the working(a) class just now instead they are doing the derive opposite. AltruismDividendInequities Terence Corcoran Vol.11 No. 84 Thursday, February 05, 2009 nationalpost.comIf you requisite to get a affluent essay, order it on our website: Orderessay

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