Sorry, but the mortgage market wasn't the only sector of the economy 'bubble-ized' by Fed monetary policy. Just about the entire economy was impacted, and it made for oversized bonuses for CEOs - stocks were bid up because the world was awash in cash looking for a return (such as what we saw in commodities last year).
But my original point stands - the increase in CEO compensation was way greater than the increase in market capitalization. And it's become almost impossible to break the stranglehold of the oligarchy on the corporate domain. Which is how we get government policies that skin working stiffs, such as the proposed cap-and-trade - a lot of corporations actually like the concept because it will be a barrier to entry for a lot of potential competitors.
bttt
“because the world was awash in cash looking for a return (such as what we saw in commodities last year.”
I believe that cash came from inflating housing values and low interest rates. Both caused by left wing government policies.
“And it’s become almost impossible to break the stranglehold of the oligarchy on the corporate domain.”
Corporate oligarchy? What kind of crazy Huff Po talk is this? Corporations are owned by stockholders.
Hugo Obamachev may temporarily have corporate CEOs hiding under their desks, but this won’t last long as his economic policies devolve into hyper inflation.
Actually, the retired guy in this article has seen the worst of it yet.
But CEO compensation didn't cause the crash.
Which is how we get government policies that skin working stiffs, such as the proposed cap-and-trade - a lot of corporations actually like the concept because it will be a barrier to entry for a lot of potential competitors.
Which is why efforts should be to cut the size of government to 1/4th the size or less. Out of control government is the recipe for out of control corporations.