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AOC complains to Buffett that the crisis managers were rewarded, but should pay

"Many [CEOs behind the financial crisis] still have influential roles to shape the economy today. But we are crazy about wanting to tax them, right?" Rep. Alexandria Ocasio-Cortez It's a snapshot of a Saturday's tweet from Rep. Alexandria Ocasio-Cortez and that's not the first time, or probably the last, that the Democratic Congress will call out the company's influence in politics, executive remuneration and where they cut each other. 1 9659004] With the tweet, AOC stands with the US's third richest man: Warren Buffett – a short-lived democrat born to a conservative congressman, he says – as earlier this month said the CEOs would take the battle, not shareholders, when companies fail . Novice New York lawmaker, who considers himself a democratic socialist, but may be labeled a socialist much of the time, resumed a CNBC article that addressed how Buffett told the shareholders at his annual Berkshire Hathaway BRK.A, -0.51% BRK.B, -0.66% withdraws that if a bank needs a state rescue operation, the responsible managing director should lose their net worth. Here is the complete AOC tweet and article link: It still shows me that the executives who crashed our finances + caused many people to lose their homes not just holding handcuffs. but got bonuses too. Many still have influential roles that shape the economy today. But we are crazy about wanting to tax them, right? https://t.co/oRWlw7Ogrj – Alexandria Ocasio-Cortez (@AOC) May 18, 2019 Buffett answered a question about Wells Fargo WFC, -0.44% – of which Berkshire is…

“Many [CEOs behind the financial crisis] still have influential roles to shape the economy today. But we are crazy about wanting to tax them, right?”


Rep. Alexandria Ocasio-Cortez

It’s a snapshot of a Saturday’s tweet from Rep. Alexandria Ocasio-Cortez and that’s not the first time, or probably the last, that the Democratic Congress will call out the company’s influence in politics, executive remuneration and where they cut each other. 1

9659004] With the tweet, AOC stands with the US’s third richest man: Warren Buffett – a short-lived democrat born to a conservative congressman, he says – as earlier this month said the CEOs would take the battle, not shareholders, when companies fail .

Novice New York lawmaker, who considers himself a democratic socialist, but may be labeled a socialist much of the time, resumed a CNBC article that addressed how Buffett told the shareholders at his annual Berkshire Hathaway

BRK.A, -0.51%

BRK.B, -0.66%

withdraws that if a bank needs a state rescue operation, the responsible managing director should lose their net worth.

Here is the complete AOC tweet and article link:

Buffett answered a question about Wells Fargo

WFC, -0.44%

– of which Berkshire is still a significant shareholder, despite a recent decline – and its former CEO John Stumpf (even the Stumpf replacement has since been replaced). Stumpf was removed in connection with a scandal of thousands of counterfeit accounts created by vendors to meet high-pressure quotas.

The possibility of inaccuracy at one of his company, or within Berkshire, has been one of his greatest dreams, Buffett was adopted early May.

But Buffett said then: “If a bank comes to it where government support is needed, the managing director responsible must lose his net worth and his wife’s net worth.”

When such a situation arises, “it is the shareholders who pay,” he added.

AOC’s sympathies on Saturday went on: “It still shows me that the executives who crashed our finances + made millions lose their homes not just released handcuffs. But also got bonuses.”

1.2 million households were lost in the recession according to a report from the Mortgage Bankers Association 2010 that looked at data between 2005 and 2008. The worst of the crisis was extended to 2009. [19659019]
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