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The Armageddon Letters

The Armageddon Letters

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Tag: Pay Tzar

Obama Orders Salary Cuts

In a move to quell public outrage, President Obama has ordered the government’s “pay czar” to cut by 90 percent the multimillion-dollar salaries that executives of seven bank and auto companies are receiving, citing the fact that these firms are entirely dependent on U.S. taxpayer money for financial survival.

Posted on Oct 22, 2009 READ MORE

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