Let's Pay Bankers in Toxic Assets: Farrell

CNBC ^ | 9/14/2009 | Staff

[Red in Blue PA]

Bankers that created toxic assets like subprime-mortgage derivates should be paid in those assets instead of cash, which will bring about a more transparent and less reckless Wall Street, Vince Farrell, chief investment officer at Soleil Securities, said Monday.

"The investment bankers who came up with all this toxic stuff should get paid with what they created," Farrell told "Worldwide Exchange." "Why don't you have them get some of this paper?"

"If your own self interest is on the line, you might be a little more careful of what you trade," Farrel said.

[Humble Servant]

How about we pay Barney Frank’s salary in shares of the subprime mortgages he and Chris Dodd forced the banks to write?

Secretary of HUD, my Aunt Fannie’s ass.

[pnh102]

Agree 100%.

[nina0113]

When I saw ‘Farrell’, I thought Mike had finally had one coherent thought after all these years. Nope, still not.

[Last Dakotan]

How about we just cut off their hands in the public square?/sarc

Its not the creator of something worthless that is the fool, but rather the buyer.

[Red in Blue PA]

Many here will not like it, but I agree with it. They had no skin in the game and we bailed them out last year. Only is right that they be paid with the "assets" they helped to create.

Simple Question: If the assets they created are good enough for others to buy, why aren't they good enough for them????

[thouworm]

Exactly! -— Just like Congress should be required to be enrolled in any proposed ObamaCare plan.

[pnh102]

Simple Question: If the assets they created are good enough for others to buy, why aren't they good enough for them????

For a second I thought you were talking about 0bamacare and Congress. :)

[Vigilanteman]

Even better than paying Barney and friends in toxic assets would be to hand him a clipboard, assign him a spot in an appropriate ACORN dominated inner city and tell him he will be paid on commission for every back payment he cand collect.

[NVDave]

No, that would render them useless and eligible for public assistance.

The proper and fitting punishment for bankers would be that we open several gold mines in Alaska and then create our own version of Kolyma. If bankers want socialism, then let’s give them the full implementation of socialism: They get to mine gold for the US government in -40F temperatures in their BVD’s.

[Humble Servant]

” Even better than paying Barney and friends in toxic assets would be to hand him a clipboard, assign him a spot in an appropriate ACORN dominated inner city and tell him he will be paid on commission for every back payment he can collect. “

What a Capitalist Pig thing to do.
I love it!