I just wish this guy would crawl into a hole and never come out. But, Congressman (D) Mass, Barney Frank is at it again. Ever since the AIG bonuses fiasco, the federal government wants to get their claws into everyone.
In a little-noticed move, the House Financial Services Committee, led by chairman Barney has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill.
The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.
I thought this was the land of the free and the home of the brave....not anymore.
Thanks for nothin' Barney.
In a little-noticed move, the House Financial Services Committee, led by chairman Barney has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill.
The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.
I thought this was the land of the free and the home of the brave....not anymore.
Thanks for nothin' Barney.
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