Mike Castle tries to put lipstick on the non-compromise bail out bill that protected executive golden parachute contract for the very executives who gamed the financial markets.
The Lie:
“Rep. Castle said the bill as presented would not have included rich serverence packages so-called “golden parachutes” for Wall Street cororate executives.”
That is a flat out lie. I guess Mike Castle is used to beintg able to lie with impunity. The usually good Drew Volturo takes Castle at his word, which is a rookie mistake.
The fact o fthe matter is the executive compensation measures inthe bill were a joke which WOULD NOT affect existing contracts, but only contracts entered into during the two years of the authority of this program.