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Question: Why ask the Auto CEO for his resignation, and not the Banking CEOs?

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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:16 PM
Original message
Question: Why ask the Auto CEO for his resignation, and not the Banking CEOs?
Edited on Mon Mar-30-09 05:17 PM by FrenchieCat
But who said it was over? :shrug:

Obama met with Mr. Wagoner for the first time on March 12th, 2009.

Obama met with Bank CEOs for the first time on March 27th, 2009.

Was Obama supposed to fire whomever he had determined all on the same day?

As for what has been done thus far in reference to CEOs:

AIG, Fannie Mae, Freddie Mac, Merrill Lynch CEOs have long been replaced.
Their dismissal was a stipulation for those institutions accepting government monies.
The current CEOs are cleaning up the mess.

Compensation/bonuses are capped for financial institutions who have received bailout funds.
This measure was part of the Stimulus bill.

So why all of the analysis that only go minute to minute, instead of us waiting and watching?

The Media is doing this, but I'm noticing some are doing it here too.

Obama doing something on one day doesn't end there.
Have we simply become non thinking reactionary fools?

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lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:18 PM
Response to Original message
1. I wonder if the bank CEO's are a little "concerned" now. hmmm. n/t
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:25 PM
Response to Reply #1
5. The only ones who wouldn't wonder
aren't thinking.

I was discussing all of what is going on DU and in the media with the play by play reactionaries.

He told me that the only action one need to follow are Obama's actions, not what every one has to say about them. He stated that Obama became President because he's smart and because he's got skills.
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geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:22 PM
Response to Original message
2. Most of the financial CEO's were already forced to resign.
Merrill Lynch's CEO: Forced to resign
Fannie's CEO: Forced to resign
Freddi's CEO: Forced to resign
Citi's CEO: Forced to resign
AIG's CEO: Forced to resign
Bear Stearns's CEO: Unemployed
Lehman's CEO: Unemployed

What people are missing is that the financial CEO's were held accountable long before Rick "$70 Billion Lost in Two Years" Wagoner was.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:24 PM
Response to Reply #2
3. It's like people missed the last year. n/t
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:25 PM
Response to Reply #2
4. Yeah, it's a transparent canard.
Edited on Mon Mar-30-09 05:27 PM by HiFructosePronSyrup
Total bullshit.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:26 PM
Response to Reply #4
6. and notice our newsmedia not reporting this.....
in fact, they are implying a disconnect where none exist.
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:27 PM
Response to Reply #6
7. I'm more interested with the freepers promoting it on DU.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:29 PM
Response to Reply #7
8. and on my television, like Schuster just did.
Guess it is time for a letter to that sorry ass of an excuse passing as a reporter!

He's just like the rest of them,
just plays us better.
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Uzybone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:31 PM
Response to Reply #8
10. Divide and Conquer
I guess democrats are more susceptible to it than republicans are.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:33 PM
Response to Reply #10
13. Many whoop and holler for the "Freedom to Criticize",
but don't know shit about the facts or lackthereof they use for such criticism.

Make's one want to puke! :puke:

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Uzybone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:30 PM
Response to Original message
9. Most of the financial henchmen are already out
How is the issue of the day on the internet "left" about why Obama hasn't fired bank CEOs, instead of will this plan work and how can we save the unionized workers? Have we lost all perspective?
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:31 PM
Response to Reply #9
11. Because a lot of simpleton who pretend to know things they don't
are to be found on both sides of the aisle.....that's why.

They wait to be fed their minute by minute pieces of disinformation,
and wait for the media to lead them by the nose.
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FriendlyReminder Donating Member (174 posts) Send PM | Profile | Ignore Mon Mar-30-09 05:33 PM
Response to Original message
12. I think it's an absolute shame that the Board of Directors didn't fire the guy
months/years ago.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:34 PM
Response to Reply #12
14. He's been there since when? This Wagoner guy?
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FriendlyReminder Donating Member (174 posts) Send PM | Profile | Ignore Tue Mar-31-09 11:33 AM
Response to Reply #14
26. Started at GM in the late 70's and rose to the top in 2000. Chairman of the Board in 2003
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:35 PM
Response to Original message
15. Why not ask Wall Street workers to take huge layoffs and pay cuts
before giving the banks hundreds of billions as was required of auto workers?
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Undercurrent Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:37 PM
Response to Original message
16. Sheesh!
I've been hearing this claptrap all day in TV. Hyperventilation central (well next to DU hehe).

Anyway, many heads of financial institutions have already been given the bum's rush. But that's not good enough for the knee jerk crowd. They want Obama to do everything personally on TV, or it means Obama is weak/in bed with whoever/a skunk...name your insult.



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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:40 PM
Response to Reply #16
17. Now, we are comparing this industry vs. that industry,
just like the media wants us to.

Because at the end of the day, nothing like good ol' unreasonable outrage to
solve a crisis. :eyes:

So many pieces of shit, so little time.
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Undercurrent Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:45 PM
Response to Reply #17
18. I know.
The media is good at one thing. Whipping the rabble into a frenzy. It amazes me how people fall for the same old trickery time and time again.
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PopSixSquish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 05:46 PM
Response to Original message
19. Now Miss Frenchie Cat - Please Don't Start Researching Stuff and Posting It
you'll spoil all the fun...

BTW - I always figured that once the Election and Inaguration were over and President Obama and the administration got down to the actual business of governing, DU would have a collective nervous breakdown. I hate being proven right.

Your little girl is so sweet (not so little anymore as I understand it) I smile every time I see that picture.

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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 06:16 PM
Response to Reply #19
20. Thanks.....
They do grow up fast.

And she is still as sweet as she looks! :)
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invictus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 08:04 PM
Response to Original message
21. Why? Because the banking CEOs are richer and more powerful.
nt
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 08:06 PM
Response to Reply #21
22. No. Because you are misinformed.
Sad.
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HopeOverFear Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 08:10 PM
Response to Reply #21
23. ....and I give you, Exhibit A LOL
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Top Cat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 08:20 PM
Response to Original message
24. Thanks FrenchieCat.... We seem to want everything righted today and not willing to give the Pres. a
chance other than to second guess everything he does. I'm beginning to wonder how in the HELL he won with so much criticism so early from those that helped elect him.
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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 10:23 PM
Response to Original message
25. FrenchieCat = DU's Lazy MsM checker. Thank you for your sober well informed analysis, I was waiting
...all day to read something like this not believing a DAMN thing the Sloppy MsM puts out...they are so lazy\sloppy\bought off\biased.

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taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-31-09 01:42 PM
Response to Original message
27. Ken Lewis was pressured by the government
to purchase Merrill Lynch. If they force is resignation, he'll tell-all about all the shady deals that were going on in the background. Basically... "keep your job and keep quiet"
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