>>>The House Financial Services Committee, under the direction of Democratic Chairman Barney Frank, isn’t content with the White House’s proposal to cap the pay of executives beyond those whose companies took bailout cash. It wants to control the pay of every employee of any financial institution that has “received or receives a capital investment” from the federal government under the Emergency Economic Stabilization Act of 2008, last year’s $700 billion bailout.<<<
Geeesh, this sounds like the reverse of what Castro did when he took over Cuba. There he mandated that all foreign owned companies would have to double the workers pay.
Sears, having a large Profit Sharing pool of investments which they kept local and were prohibited from taking out of the country, upon hearing rumor of what Castro was going to do, tripled all their employees pay. Then when Castro doubled it, they were making 6X their previous pay.
Maybe we will see banks triple employees pay so that when Barney Frank gets legislation to cut them in half, they will actually get a 50% increase... LOL The games these people play...
Maybe we will see banks triple employees pay so that when Barney Frank gets legislation to cut them in half, they will actually get a 50% increase... LOL The games these people play...<<<
LOL, now I understand the math a politician uses.
It is as clear as mud.