Obama unlikely to toughen Wall St. pay rules: report (Bambi talking tough while making nice)

reuters ^ | 1/31/2009 | reuters

[tobyhill]

The Obama administration is not likely to impose tougher restrictions on executive pay on most firms receiving aid under the government's $700 billion financial rescue program, the Washington Post reported on Saturday.

Citing a source familiar with the administration's deliberations, the Post said officials are concerned that harsh limits could discourage some firms from asking for aid.

[svxdave]

There would be no bonuses if there was no government money. Lets stop the bonuses by going to the source.

We already have a “B” Plan to take care of these corporations. It is not “bailout”, it is “bankruptcy”.

[utahagen]

“...[Obama] officials are concerned that harsh limits [on bonuses] could discourage some firms from asking for aid.] Why would this be a bad thing? If a business thinks it would be better NOT to take a handout, why would anyone WANT that business to take a handout? Is Obama a communist?

[tobyhill]

Obama thinks that companies are going to line up, take the money and then hire the thugs in the hood but in reality all they're going to do is take the money. The companies aren't looking at it like “stimulus”, they are looking at it like a tax rebate.

[Vaduz]

officials are concerned that harsh limits could discourage some firms from asking for aid....for fear of being owned.

[gunnyg]

related....

http://gunnyg.wordpress.com/2009/01/31/the-andrea-shea-king-show-online-radio-philip-j-berg-attorney-obama/

[Onelifetogive]

officials are concerned that harsh limits could discourage some firms from asking for aid.

I need some duct tape please...and hurry...

[CarWashMan]

Wall Street gives to Democrats at a rate of $2 for every $1 given to Republicans. Why turn off the spigot?

[George Smiley]

officials are concerned that harsh limits could discourage some firms from asking for aid.

And the problem with that is....?