Why is there a knee-jerk reflexive action to have the govt. buy the companies out of BK? I agree that they should have been allowed to BK, but then let other business buy up the assets left over, if there are any. Why didn't the govt. bail out Hudson, (car company), or American motors? They went by the wayside, and we survived nicely without the AMX, which was a very fun car, by the way.

The HMMWV (Humvee) is acutally manufactured by American General an Independent Auto maker. GM has nothing to do with them now

A knee jerk reaction to the amount of money that they get is very shortsighted, especially when you think it is a good idea for a president to assume power he has no business having.

whine whine whine, moan moan moan......... If you want fair, you are on the wrong planet, the best you will get here is a fair opportunity, and no where is that more accessable than right here................

Scorpio, I don't know much about the English banking system. However here in the US we have the FDIC Federal Deposit Insurance Corporation, a hold-over of the bank-runs of the great depression. Therefore, your bail-out senerio in paragraph 3 is unnecessary under current US regulation and safegaurds.

Now for Investment banks well, you run the risk. You can make a mint or you can loose your shirt. Much like a Casino. Anyone that invests their money in Investment banks should go into it knowing this, otherwise they are a fool.

Now to the GM having Military Contracts.

What our government has done will cause a brain drain in these firms and cause them to go out of business. I wouldn't work for a company that I can't make the most money my talents will let me make.

BTW these Bonus's are generally sales and executives salaries. They are making a percentage off the commision that they make in a year. They just call it a bonus, for tax purposes, meaning they can have withholding taken out instead of filling out a 1099-G. The large sum at the end of the year as a commison would be a red flag to the IRS therefore they would be audited every year.

What we are agruing about Contract Law. The point is that before the money was lent the terms, needed to be spelled out in the contract. And which conditions need to be met in order to receive said funds. Of course this could be changed through a contract modification, but this is a little more complex then we need for this discussion. So once the funds were transfered the government could no longer add terms or conditions to the contract. So they messed up by not doing their due dilligence and they are trying to cover it up now through an illegal action. If this were two companies involved in this behavior you would have the FTC, DOJ and other alphabet agencies investigating wrong doing. So again the Government has no buisness in setting salaries, and causing a breach of individual contracts.

I understand that there have been things found in the Constitution that aren's specifically enumerated; right to privacy for example, but what is the argument that can be made to allow the executive branch change private industry to the point where they have to sit there and say nothing. I am not afraid of what he did, I am afraid that there is nobody out there who seems to think that this is a problem.

First banks lend money according to the libor rate. It is a precentage rate based off the Fed funds rate, plus interest. This is rate is around 1-2% this is how many small companies make pay-roll.

As to invenstement banks, the law has been blured here in the States. However, you don't need to be a pop star or someone of great means to work with one. I can buy individual stocks through my bank, or my broker for a rate. I am very much a middle class man. I've place my retirement accounts in several different vechiels. An annuity is a good way to go right now, that and certain commodities. I would also do a little forex trading. Euro, 1.30 exchange rate. Pound 1.50 exchange rate. Dinar (gold backed).

As to the tax issue, this might be a difference in English and Amerian Tax laws. 1099 is a form which you have to fill out (commision sales) which taxes hasn't been taken out and you have to pay back to the Government.

And as someone that has worked commisson jobs you're paid a percentage upon your sales. That percentage increases a certain quota makers, thus the disparity in pay scale. 10 Cars 25% plus 1000 USD 11-15 Cars 35% of sales 15 and over 45% gross of sales. So it paid to move metal.

Ford is doing well. GM had been propped up it Cherry branch for years. I thought that the board of directors should've removed Waggoner back in 2005. However, they thought he was doing a good job. I dislike my government usurping my share-holder rights.

As far as surviving on 38,000 a year. I lived on less then that and made it. I've had money. I've been homless. And now, I working on a new forutune.

Now back to the politics. What is this arguement distracting us from. I learned something from W. When there is a huge story that we're following, the Feds are up to no good.

Gordon Brown is a Sod. He can't even aswer a question to members of parliment without having to write a letter back to representives. Demand No Confidence.

The Government has no buisness doing so.

because ITS JUST NOT FAIR.

And, where is the morality in that?

So, show me where in the Constitution of the USA it says that the president has power over private enterprise?

I am not too impressed by a lot of "advisors and think tanks",especially the ones that say that the govt. needs to run private enterprise.

BTW these Bonus's are generally sales and executives salaries. They are making a percentage off the commision that they make in a year.

As long as the government bailed these thieves out, you bet your ass they should be limiting bonuses. That's OUR money they corporate pigs are spending.

I think he's about as well-liked as Bush. When the credit crunch hit, and even the bankers were open to tighter regulation, he balked, and kept asking Obama to establish globally-agreed legislation to cover banks, which would cover UK banks as well. Too scared to tell the banks what to do. Instead, he runs to Obama and asks him to tell the UK banks what to do. Is it any wonder that for the first time in as far as I can remember, that the British people have lost all faith in not just the government, but in all parties, and in the system of British parliament in general?

Getting back on topic, it's the banks that drove this bail-out. They can do this, because almost every high-ranking politician seems to become a director, or get an equally important job, often for fields they have no training or experience for, and get an enormous salary, once they leave public office, or are soon to leave public office. So it's pretty clear to me, that politicians get huge kickbacks for doing what big business wants. So it's not in their interest to help the public over the desires of big business.

I would not be surprised to learn that the driving force behind the Attorney General's declaration, is that major shareholders in large businesses are trying to increase their profits, by capping salaries of their executives. It's just they don't want to be the bad guy who gives these executives their orders, so they don't get a backlash, and so their executives don't get p*ssed off, and start losing them even more money. Instead, they've got the Attorney General and Obama by association to be the fall guys.

But, if you want to really know what we are being distracted from, you won't have to wait too long. It will come out, but only in a late-night news report, that reveals a major law or deal by the government, that rips off the people, and should be a huge financial scandal. It will be put late-night, because the top story takes priority, and then the government will find another top story to displace it even further, and then, it will never be heard of again, and no-one will be the wiser.

And as someone that has worked commisson jobs you're paid a percentage upon your sales. That percentage increases a certain quota makers, thus the disparity in pay scale. 10 Cars 25% plus 1000 USD 11-15 Cars 35% of sales 15 and over 45% gross of sales. So it paid to move metal.
Here, it works differently. You start out on basic plus low commission. If you make a lot more sales regularly, you move up to no basic with a higher commission. You also have targets for each team. If your team makes the targets, you each get a bonus, which is often 10% of your monthly income, but can be a lot more. Many bankers were getting salaries of £100,000, and bonuses in the millions.

iYou are right it is our money and the best way for those companies to pay us back our money s to retain some of the industry's most talented people.

President Obama, just doesn't know the first thing that he is doing, he is in over his head and people are catching onto the scam.

Nope this turd was started in DC and is comming home to roost.

These very same "talented people" that got us into this mess? Good luck. Give me a break. As far as I'm concerned, they can take their "commissions" and stick 'em where the sun don't shine.