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To: JasonC
salary cap provisions

LOL. They should be happy keeping their jobs. Somehow I doubt that anybody can arrest the derivative blow-up. It will come one way or another, with or without salary cap provisions and other restrictions.

76 posted on 10/06/2008 7:25:06 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster
You don't get it - the solvant banks simply won't take the deal, the result is the bill does nothing. Have you read the bill? The salary cap rules chase the individual bankers around whatever happens to them or their bank. The warrant requirement says nothing about the amount, leaves that up to treasury discretion, then instructs the secretary to exercise that discretion for the maximum gain of the treasury. Meaning, only bankrupts will play. Then also, no one can sell to the treasury unless at a loss --- in the bill.

This was meant to be a way of getting this gunk out of the banking system. Instead it is an offer to nationalize the entire banking system if any takes a dime. They aren't going to.

89 posted on 10/06/2008 7:32:06 AM PDT by JasonC
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