Thoughts on Software Development, Project Management, Parenting, and Running.
I am not a Henry Waxman fan. However much I dislike Waxman, it is minor compared to my feelings about my tax dollars being spent to prop up our banks.
Henry A. Waxman, a California Democrat who heads the House Committee on Oversight and Reform, sent letters this week to the chief executives of nine banks slated to receive $125 million in aid from the Treasury Department.
He requested information on their compensation and bonus plans, noting that public filings show that those companies spent or reserved $108 billion for those purposes in the first nine months of 2008 - nearly the same amount as last year.
Waxman noted that some news reports suggesting that year-end bonuses would be bolstered by the infusion of federal money.
"While I understand the need to pay the salaries of employees, I question the appropriateness of depleting the capital that taxpayers just injected in the banks through payment of billions of dollars in bonuses, especially after one of the financial industry's worst years on record,'' he wrote.
Kick thier ass Henry!
All views expressed in this post and on this blog are my own. None of my comments should be construed to represent the views of others including and not limited to: BMC Software Inc., Corel Corporation, Dun and Bradstreet and AC Nielsen. Copyright Chris Hughes 2004-2012