You have a choice......but not on my dime.
Not all Wall Street people are idiots. Senators, on the other hand...
This will cause a flight of talent from troubled firms.
Heaven forbid that the people who OWN the companies should decide how much they want to invest in top talent to run the companies.
Her nickname is Crazy Claire
I just sent Neal Boortz this email. It’s something that’s been grinding on me about Neal for more than a few years.
Neal, I’ve repeatedly heard you say that the salaries and bonuses for these corporate CEOs — even those who WRECK their companues — should be without limit or they’d leave the company and go elsewhere, even to a foreign firm.
Neal, MOST foreign firms DO NOT pay those huge salaries and bonuses.
And MANY of those fat checks are approved by interlocked boards of directors who sit on multiple boards and take pretty good care of each other and, in too many cases, the PUBLIC SHAREHOLDERS BE DAMNED! Does the phrase “You scratch my back and I’ll scratch yours” ring a bell?
Neal, we’ve been on the same side on many issues. It was your embrace of the early national retail sales tax that led be to Vic Krohn, Neal White and my 3 year participation as a National Board member of CATS. You know I’m a pretty solid free-enterprise, private property guy. But, with all due respect, the current system of corporate compensation has been hijacked by the good old boys network.
If we cannot get it back into some sort of balance WITHOUT government’s “help,” the gang now infesting Washington will do it for us — and we probably WILL NOT like the outcome.
Regards,
Dick
In April 2002, McCaskill married St. Louis businessman Joseph Shepard. Shepard had business interests in the nursing home industry. Because as state auditor McCaskill was responsible for auditing the Missouri Department of Health and Senior Services, which regulates the state’s nursing home system.
They certainly aren’t idiots.
The ENTIRE point of Bush and Paulson pushing this through hard and fast in September was to allow Bankers their very own Welfare and Boondoggle.
The obfuscation of this issue by Paulson and his minions testifies strongly to the fact that this was the very intention all along.
Idiots, no sir, no way, highly effective schemers watching out for Number One.
Bush’s Boondoggle. He signed it.
But this proposal has no chance. Bankers ain’t giving up squat.
What private enterprise does with their money is their business and none of the governments. This is just another step towards communizing America. Get the frickin' government out of our business and keep them out. As for congress getting on their high horse about pay, didn't those SOBs just vote themselves another pay raise? Until they are willing to cut their pay down to about 50 percent of what it is now they can just STFU!
I am for this too- if you accept socialist bailout you give up captialist perks.
you FAILED at you job so you should NOT get paid from taxpayer bailout money
The government is free to attach whatever strings it wants to additional bailouts, but it would be silly and counterproductive to force this on banks retroactively. Giving taxpayer money to Bank of America and THEN helping kill the company by motivating its most aggressive producers to leave B of A plays well to the masses, but actually wastes the money they’ve already invested.
Get into bed with government-wakeup a whore. Whore’s ‘get told’ and like it, it’s as simple as that.
What do you mean, "you have a choice?" Paulson forced solvent banks like Wells Fargo to take bailout money even if they didn't want any.
Does this count all of the expenditures for the presdients travel, housing, security, etc.???? What about “in-tangibles” like ready access to foreign heads of state and a lucrative post-prez speaking career?
Silliness.
Simply impose the federal pay scales (there are several) on all companies in which the federal government achieves a majority position.
Well I certainly don't have anything to worry about! LOL! This is nice in theory, but I don't think Congress can legislate salaries in the private sector.
“We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer,” an enraged McCaskill said on the floor of the Senate. “They don’t get it. These people are idiots. You can’t use taxpayer money to pay out $18 billion in bonuses.”
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This bitch doesn’t realize the true stupidity of her own words! She has declared herself as one who can decide how to spend $1.2 trillion of OUR money without having done anything to earn a penny!!!
She knows the only idiots involved here are the democrat voters who will return their whip crackers to D.C. every two years.
Truly abominable.
Head for Galt's Gulch, fellas. The leeches are homing in on you.
Paycaps for the global elite with their fingers in American politics... like the Clintons.