Wah, wah, wah...
Not.
Posted on 02/04/2009 12:03:52 PM PST by Grim
Don’t take federal money, and tell 0 to stick it. Problem solved. Those who already took bailout bucks, should shut up and smell the manure. Half these creeps probably voted for 0. Let them live with him.
So ‘Mac”, FREEDOM now includes the ability to rig the game so that only certain people can even get in, like the major hedge funds, etc? And then when they screw it up, FREEDOM means that they can toss the little guys under the bus so they can continue to make the payments on their Swiss condos?
You probably think that Bernie Madoff was simply expressing his God-given American right to the FREEDOM to sucker people? In Teddy Roosevelt’s day they called it a crime.
But, then, Teddy was a big Bolshie wasn’t he?
Superseded by 'each according to their desire.'
It’s a crime to let a sucker keep his money.
That’s funny!
Logically then, we’re enabling the criminals in Washington by letting them keep our money? Hence my tagline.
If we are going to place limits on salaries of financial institutions who received bail out money, I think that we should place the same limits on all institutions that receive federal funds, including colleges and universities.
In the mid-70’s, when I went to a small Christian college that had accepted federal funds to help build a certain building on campus, we were already banned from holding religious services and other overtly religious meetings in that building. Every other building was OK because they didn’t have that federal albatross.
Look, what is going to motivate somebody who already has enough money to live on for the rest of their life to go in and do the job of a CEO? Why bother, if they are going to put a cap on your earnings, might as well just go fishing.
Agree with you.
Cannot stand the Wall Street apologists....the same people who were against the bailout of GM have no problem giving incompetent execs 10’s of millions on the taxpayer dime.
“might as well just go fishing.”
The country would be better off if alot of these execs did just that....went fishing and forgot about being an exec.
Well Said!
“Have you seen those smarmy ads for that job website The Ladders.”
I have thought the exact thing. The ad basically says that you will not have to compete against many people. When these execs compete, they LOSE!
Exhibit A: Nearly every major brokerage is now defunct.
“If they had thought that asking for bailout money would result in slashing their compensation they would never have lived so close to the edge. The banks would not be teetering today. They thought they could just loot and have Uncle Sam clean up the mess. Now its too late.”
Good point.
I’m afraid you are confused.
No one I have is defending these “crooks”. What we are upset about is a President single handedly deciding the wages of an invidual. Period.
And you are a fool if you think it will stop with CEOs.
Good move. I posted this very suggestion just last week, ‘cept mine was a little lower, ten times lower!... To bad a republican didn’t do it first.
Talent going somewhere else. Hell with that kind of talent who needs enemies.
Give ‘em tickets to China
As long as the market is free to work... which currently it is NOT. IF these guys take bailout money they deserve what they get. No self respecting capitalist would ask the government to bail them out in the first place. Failure happens for various reasons. Suck it up and start over don’t come whining to me for government hand outs
When the market is rigged so that the ‘captains of industry’ who produce poor results are guaranteed millions in compensation, I would think that true capitalists would be outraged, rather than looking for socialists under every bed.
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X Act leee.
Welfare is bad ‘cause it give money to folks for doing nothing. This bailout is worse....it gives billions! BILLIONSANDTRILLIONS
- to folks for stealing everything.
Sorry, these crooks are responsible to no one. Don’t say the stockholders - the system is so gamed that stockholders are voiceless. You have never been around a directors meeting in these companies if you think that stocks are a democratic process.
These guys won’t police or discipline themselves. If they don’t like wage caps, let them quit and try to pick up with some other company. With their track record of failure, they’ll find out how indispensible they really are.
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