TW: Sen. Corker is trying to make a big name for himself by opposing the UAW during the negotiations with the automakers. He is all for setting blue collar autoworker wages. I now challenge him to oppose the Bush Administration and set financial worker wages. Here is your chance- Rock on Bob!
ps I am repeating my call for any pay restrictions on "Wall Street executives" to be extended throughout the financial organizations in order to broaden the pain in simpatico with the form of the automaker bailout.
From WaPo:
"Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.
But at the last minute, the Bush administration insisted on a one-sentence change to the provision, congressional aides said...
Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives. "The flimsy executive-compensation restrictions in the original bill are now all but gone," said Sen. Charles E. Grassley (Iowa), ranking Republican on of the Senate Finance Committee..."
http://www.washingtonpost.com/wp-dyn/content/article/2008/12/14/AR2008121402670.html
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