Posted on 10/25/2009 2:16:49 PM PDT by Sir Gawain
The Federal Reserve joined the Treasury Department on Thursday in imposing new limits on executive pay, extending the government's control over compensation at taxpayer-owned companies to institutions that are merely government regulated.
{snip}
However, the Fed's proposed rules have wiggle room: The guidelines would let banks set their own compensation but give the Fed veto power over pay practices that it determines could threaten the safety and soundness of a bank. They would extends the regulators' reach into pay practices affecting tens of thousands of bank employees, from senior executives to traders of complex securities.
(Excerpt) Read more at washingtonpost.com ...
Wow, they are barely trying to conceal it now, and still the public sits back and takes it.
Big brother is watching YOU! ; ) I need more safe space for I am buying as much as I can get a hold of while it is still available.
That is because the gov is only going after those evil profiteering executives, wait for them to go after the minions and then it will get interesting.
This alone means a one term Obama administration.
Well, surprise, surprise, surprise......
And so it begins. I think the repubs should propose cuts to salaries for professional sports athletes and big name entertainers, on grounds that their ticket prices are taking too much disposable income from the middle class such that they have too little income left to pay for health care insurance.
As much as I disagree with the outrageous salaries of CEO’s and other corporate officers ... it is a matter between the corporate officers and the board of directors/shareholders of the company.
The Administration’s action, are in my estimation, unconstitutional.
These people named in the article are the very ones who thought up the problem under Clinton’s administration!
Check out Frontline article on Brooksley Born!
Smokescreen to avoid actually regulating the goofy stuff the banks are involved in.
One term in the traditional sense.....
.....Life as a dictator perhaps?
This is about fighting straw men, who conveniently supply an artificial reason for them to take over and put there own peeps in.
They do this newsy, spite-filled stuff to provide cover so we don't notice all those giant seed pods.
.
How many industries are not government regulated? There's the FCC, EPA, SEC, Railroad act, FAA, Interstate Commerce Clause, FDA etc. This is implementing facism, starting by throwing the unpopular to the lions first.
And yet this morning, people here were agreeing with the unconstitutional actions of this regime. The banks and auto companies today, tomorrow it could be ANY company.
Fight or accept the yoke and chains.
The POS should be on the way to jail instead of you worrying about his salary paid by tax payers.
Federal Reserve unveils proposal that would police banks’ pay policies for the first time
Star Tribune ^ | 10/22/2009 | JEANNINE AVERSA
http://www.freerepublic.com/focus/f-news/2368591/posts
It seems to me that the majority of FReepers don’t see anything wrong with that sort of behavior.
He didn’t pay himself, the board of directors paid him. I didn’t give him a dime, until the Government told me to. So is it the CEO, the Board, or the Government that should go to jail?
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