Word: congressed
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...government walked away from the entire matter because it was complex and time consuming. This is the same reason that the Treasury Department wrote checks to the banks instead of buying their toxic assets even though Congress had been told that the TARP funds would only be used to buy toxic assets. It was quicker and easier to just give the banks money because of the worsening crisis...
...President Obama has a right to be incensed. Paulson and the Congress could have said that no one employed on Wall St could be paid more than $100,000 for the work they did in 2008 no matter how remarkable the results. It would have, in effect, put the Treasury in a position where it was running banks at a granular level. In October ,however, the government was not nearly as close to running the banks...
...Paulson and Representative Frank could have put in a number of rules the day the TARP cleared Congress. Frank agreed to an oversight commission that would review how the money had been spent, after it was spent. By doing that he simply wasted the time of this commission. It became nothing more than witnesses to recent history...
...Cuomo, Congress, and the public are angry that these bonuses were paid. It made no sense that the most highly paid people on Wall Street continued to make extraordinary amounts of money with the bonus payments, when their companies had to bailed out by taxpayers. In an ideal world, they would not have been given those bonuses. But, Paulson was not willing to push that point. He did not have the time to make the effort...
...During her career at Goodyear, Ledbetter suffered sexual harassment and day-to-day discrimination. She testified before Congress in 2007 that a supervisor once asked for sexual favors in return for good job performance evaluations. After Ledbetter complained about the supervisor to the Equal Employment Opportunity Commission (EEOC), he was reassigned, but Ledbetter said she felt isolated at work and experienced a long-term pattern of discrimination...