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-- bonuses is over the house financial services committee led by Barney Frank is added again quietly passing a measure that is expected to be brought to the house floor as early as tomorrow.
It's -- pay for performance act of 2009 under the proposal.
The government would impose pay restrictions on all employees.
Not just top -- some companies that received any aid from the government democratic congressman Alan Grayson is the chief sponsor of the bill joins right now.
-- But that -- -- pretty big Brothers their congressman.
Well what -- -- that will.
-- the bill restricts unreasonable and excessive compensation.
But who's deciding that papers citing that congress.
The secretary of treasury issues rules department but is is a personal assistant -- secretary at the company.
Down by the same rules and and the same pay levels set by some arbitrary bureaucrat.
The people who were bound by the people and ripping off the American taxpayer by stealing money from us and stuffing and their own pockets as the assistant or the -- -- -- I would I would probably not include him group would -- Why why would you think that's even an issue out of this bill was still only talks about on reasonable compensation don't always just married -- always -- defining and reasonable.
Seriously ill are any secretaries get a million dollar bonuses if so so then Stanton stated what is unreasonable TO tell me now -- is on reasonable.
If you've got to ten million dollar bonus for destroying your company including the whole US economy at risk bats on reality that I've you know I -- agree you know on that if you are getting that money and you bought the company on there I'd I'd sign onto this thing with a -- that's what this Bill -- did you mention the ten million thing in this bill.
What do you mean by by number yeah.
No because that would save at 9999909.
Dollars did you give any rain that we are not big fans there -- on the range in this.
Now the secretary Treasury's gonna establish the range -- But she assumes is going to -- I know your intentions -- -- below what -- doing here is putting congress in the role of determining.
What is OK what is not okay what compensation.
Is excessive in what compensation isn't.
Who's to say -- -- just ten million figure we did we -- real age.
-- that's just wrong we can punish bad people without punishing good people that's what the law does every single day you and I didn't tell anyone what this law includes congressmen.
No I I think I do know you did you didn't give me a level and a number that's all -- -- Well that's for the secretary of treasury to do we have is that giving -- power you know I don't know I don't.
-- I'm guessing you're giving him carte Blanche -- that you're not even defining what those ranges for those powers are.
I think don't you -- categories -- our right to -- what we're riding on.
We set the general rules the executive branch executes on them that's -- the constitution works -- in the general rules you're leaving it up to the treasury.
To decide what are adequate compensation levels for every one at that federally rescued company.
While you're not rules been like that you know that we in the constitution we have due process and equal protection.
That's all the constitution says that much -- it's not a good way to protect -- this -- out as they intercepted and perhaps as you've got to hear what you're saying because you're you're you're.
You're Sweden in -- suit now.
-- you at what is to stop a mid level executive from thinking.
You and the treasury are gunning for him you know -- had nothing to do.
With the demise of the company in question.
What would make -- think that other -- paranoid delusions.
-- -- a paranoid delusion to think that you're telling me you're going to police salary and we did in the Treasury's hands.
And you don't even know what an adequate salary ranges -- you're telling me -- Don't be paranoid and delusional because the treasury.
He's gonna set those standards but you can't even tell me what the standards are who is delusional congressman.
I'm telling you that laws are like that all the time.
The congress is still general guidelines and Paterson pick our next he'll spend a lot to you what it's -- constitution.
Never gave you their -- authority.
-- telling anyone what they should make.
You I don't not use profanity on the -- seemingly ever gave you the authority.
So politely common in the air and arrogantly -- pay.
For people you don't even now and you have the guts to come back at me and tell me what you think adequate pay ranges are.
And you cavalierly tell me.
That's for the treasury to decide it yet.
And that treasury is gonna said guidelines behind closed curtains and then we're gonna -- not what because used today.
Trust the treasury trust me are you -- -- -- we have a real problem here the real problem -- people -- taking taxpayer money.
And their looting and putting in their own pockets and destroying the economy in the process this bill -- that.
If current favorite -- continue.
No one and can't -- measure your -- came here I am asking you.
I did really you there -- people in power who took -- seeing bonuses and pay packages.
And they ran the company into the ground.
But if this measure upon reading it correctly you're not even delineated are separating those people -- -- -- -- everybody at this institution.
It's fair game for us to examine their pay packages when I ask you at a level that you would deem excessive.
You're not even playing along you're not -- giving me a -- -- saying that's -- odds behind the curtain.
-- American people are fed up with this non.
Don't -- know that is not Alan Grayson that is mister -- job.
You're sitting here are three big part has to decide what number to -- -- that.
No we're taking away the blank checks with people written for themselves that they are did yeah.
-- I'm saying that -- see you can't meet a number.
-- -- something.
-- would not.
That's ridiculous everybody knows what they're voting on here they're going to stop these ridiculous successive.
Bonuses which you -- defense that -- not -- I'm just telling you you can't just told you.
That -- did -- even company it's taken over by taxpayers.
Ridiculous overpriced bonuses for the very people who brought the company to this point they shouldn't be getting.
And -- free at that points is that got taxpayer dollars if you want her.
What I am saying though is that when you'll.
Include in math everybody at that company.
-- to stop you from just Willy Nilly going -- any company damocles.
That's ridiculous no -- contemplating that once -- question to Tim Geithner.
You think -- gonna say secretary -- when I don't know more than 5000 dollars a year I don't know Lisa aren't you know what I -- know what -- -- paranoid parent I will ask you because you don't answer a simple question.
We -- -- feeding you all of its site to make sure these abuses don't happen your answer to those abuses if I'm gonna police excessive -- when I ask you when -- -- -- -- is.
And how you would define it you didn't even give me a range.
I don't want -- something that -- they were you are the wanted something Americans.
Who have better stock.
In thinking that their leaders to do a better job you're humiliating them.
Not the -- you say are running the company's.
That's absurd we're passing a law that stops a bad thing from happening you're angry at any -- -- -- that would never happen.
All right I just told you what what happened today I think all the president -- -- usually always.
If the -- he gives me a range god bless him because -- ask you every which way out now to give me arranged either you couldn't or wouldn't.
Well thought that you shouldn't.
We pay you congressman.
Act like it.
-- I'm not the -- using profanity on the error I'm not the one interrupting the guests who is showing incredible rudeness on the air.
I simply don't like I have -- request you know what.
I mean I don't run into play -- what I'd like -- enroute to guess when they don't answer a question all taxpayers have a right to now.
That is when -- -- Well you've been very rude.
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