1. Actually, Conan's ratings were on the rise. Had Leno's show not been a ratings disaster, they would not have changed a thing. NBC is paying Conan so they can move Leno somewhere they think he will be successful. 2. The difference between Conan and Wall Street is that Wall Street concocted the mortgage security scheme that was destined for failure. When it failed, they needed a bailout so the execs that made the bad decisions can get the millions in bonuses. Conan did not do any of this. He signed a contract, which NBC arguably breached. It is called a legal settlement, and they happen everyday. 3. Conan's "bailout" was actually a settlement of his contract, and the taxpayers did not fund it. That is insane. You might want to consider actual facts before posting your hate filled crap. Just a suggestion.
Sounds like its NBC's fault for signing a contract. If you were guaranteed 45 million dollars and it's on a contract, are you going to complain?
Conan the bailout barbarian Reuters By Rolfe Winkler NBC/Conan: Conan O’Brien is expected to receive $40 million for leaving NBC, the media unit of General Electric, itself among the largest recipients of taxpayer help. While it would be a stretch to compare the American late-night talk show host to a Goldman Sachs or Citigroup banker, he’s only a few steps removed. Though it wasn’t a recipient of direct aid from the Troubled Asset Relief Program, GE availed itself of perhaps an equally important bailout facility, the Temporary Liquidity Guarantee Program overseen by the Federal Deposit Insurance Corp. Participants in the scheme were able to issue debt with a government guarantee, receiving explicit taxpayer backing in the event of default. Though GE was just one of 88 firms with outstanding Uncle Sam backed debt as of October 31, its $60 billion of issuance accounted for nearly a fifth of the $315 billion total. Unlike some of the banks that received direct equity injections from the government, GE can argue it is exempt from the same scrutiny over compensation that has bedeviled financial companies including Citigroup, Goldman and American International Group. But without the FDIC’s largesse, the group’s troubled financial arm, GE Capital, would have struggled to fund its $650 billion balance sheet. That, in turn, could have forced its parent to liquidate assets, starting with NBC. In a truly worst-case scenario, GE might have even had to seek protection from its creditors. Had NBC been dumped in a fire-sale, new owners could have demanded changes to contracts like O'Brien's. So he owes a bit of thanks to taxpayers for his $40 million payday. link
Please provide a link showing how much taxpayer money has been disbursed to GE. I think you will be disappointed with the answer.
Here's one link from a google search: http://www.google.com/#hl=en&source...+money&aq=f&aql=&aqi=&oq=&fp=371f8ac0c29333b5 One source said $150 Billion if I read it correctly. Who knows what is legitimate though?
You're the new basso. Nobody respects you because you say things that are completely false. And what is ironic, is that you are driving independents away rather than convincing them to join your political viewpoint or candidate.
you haven't been reading the GARM lately have you? Tracy's not getting the love he once did. (but let's keep the Tracy threads in the GARM....(and Feedback.....and Dish...and....and....)).
Generally, if the source is "Bungalow Bill's Conservative Wisdom", it's not very legitimate. GE didn't get $150B in bailout money.
google search also says Bush planned 911 http://www.google.com/search?hl=en&q=bush+planned+911&aq=f&aql=&aqi=&oq=
This just in. Every American taxpayer with a bank account received bailout money. Since 1934, the FDIC has insured their accounts from bank default, thus allowing the account holder to keep money in a bank and earn interest! A man with no bank account, Shovel Face, shined the light on this government scheme that has largely gone unnoticed. He demands that every American receiving the bailout to return such interest to the taxpayer and dig a hole in their yard to keep their money safe.
Well, my point is that paying someone for failure doesn't imply anything when there's a contract involved. The T-Mac thing was just a joke from GARM. But if T-Mac's bought out for whatever amount, it would basically be for the same reason why Conan's getting his money.
