Bend over - here comes the bailout

John McCain: Economic Disaster

John McCain does not have the ability to fix this economic crisis. After declaring the fundamentals of the economy strong, he created a political circus in Washington last week by mucking up bailout negotiations; a deplorable stunt, considering he and his political cronies helped cause the current meltdown.

It was McCain and his economic adviser Phil Gramm who pushed for the deregulation that helped lead to the banking crisis, and it was McCain's crony Rick Davis who had deep lobbyist ties to Freddie Mac. Don't let others be fooled by McCain's economic grandstanding because the reality is his policies and principles will only exacerbate our financial hardships. That's why you must spread this video.



McCain is being deceitful with his sudden populist message and support for regulation; his economic policies still favor our nation's wealthy elite. Call out McCain's economic dishonesty. Send this video to friends and ask them to sign up for a free Brave New Films video subscription to know the latest on TheRealMcCain.com. Then, post it on your blogs and spread it on networking sites like Digg and Reddit. These are some of the best ways to reach people who are not following this debate closely.

Barney Frank to GOP - "Grow up"!

So the Republicans are saying they lost the vote because Nancy Pelosi gave a speech that offended twelve of their members. Well Barney Frank has an offer for them:

Give me those twelve people's names, and I will go talk uncharacteristically nicely to them, and tell them what wonderful people they are, and maybe they'll think about the country.

Kucinich: "Is This The United States Congress Or The Board Of Directors Of Goldman Sachs?"

WHO needs a bailout?

Certainly not the former CEO of Washington Mutual. If you want a prime example of how bloated these corporations are, Alan Fishman is your guy:

Fishman was the new chief executive officer for Washingon Mutual — WaMu — the nation's largest savings and loan, which was taken over Thursday night by federal bank regulators and quickly dumped in a fire sale to JPMorgan Chase for the Wal-Mart-like price of $1.9 billion.

But don't cry for Fishman, who reportedly was sky-high — literally — last night, on a flight from New York to Seattle, when WaMu collapsed. Even though he's only been on the job for less than three weeks, he's bailing out with parachute worth close to $20 million, according to an executive compensation analysis conducted for the New York Times by James F. Reda Associates.

Fishman, hired on Sept. 7, had a base annual salary of $1,000,000 which, for his three weeks on the job equates to about $60,000 before taxes. His target annual bonus was 365% of his salary, or $3.65 million. And if Fishman has to pay taxes because of any severance he receives as a result of the takeover, then the company would also cover those taxes.

Fishman's sign-on cash bonus was $7.5 million as well as 612,500 shares of WaMu, which are now virtually worthless. If Fishman is terminated without "cause" - such as the loss of a job due to a takeover of the firm - than he would receive a lump severance payment of $6.15 million. This figure is 2.5 times his base salary of $1 million plus the maximum bonus of $3.65 million. When you add up his salary, the possible bonuses and the lump sum payment, Fishman could walk away with more than $18 million.

I'm applying for every CEO job I can find available first thing on Monday Morning. I'm pretty sure that if people like George Bush and Carly Fiorino can run perfectly good companies into the ground, I . . can. . .too!