Skip to comments.
Government widens control over paychecks (to non-bailed out companies)
WaPo ^
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 ...
TOPICS: Front Page News; Government
KEYWORDS: bho44; bhoczars; bhofascism; donttreadonme; economy; fascism; liberalfascism; obama; payczar; rapeofliberty; standdown; treasury; tyranny
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-54 next last
To: Sir Gawain
The only thing encouraging me is that Palin has the guts to turn all this back when she gets in.........let’s hope we have cleaned out Washington so she has a Congress to work with. I don’t see any romneymChuckster out there who would dare. She did a lot in Alaska, she can do it again.
21
posted on
10/26/2009 10:48:31 AM PDT
by
tioga
To: benjamin032
Years ago I had a good friend that was CEO of my bank, he went to jail for five years for misstating his financial statement on a loan. It did not matter that he paid the loan back. This man lied on his financial forecasts and paid himself in advance for profits that never happened and never will.
It is sort of like lets you and I start a bank, we get 100,000 people to open accounts, we decide we are going to-do very well, so we take the deposits and pay 80% of them to ourselves for a bonus. What the hell it's only tax payer insured and not our money to begin with. Now I wonder if that guy would like to sell madoffs boat.
Today the tax payers bailout failure and give them a bonus and some fools think thats the proper thing to-do.
22
posted on
10/26/2009 2:02:15 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: org.whodat
OK, if a Bank Exec violates a federal statute then he gets a ticket to jail. But if his buddy does everything right why does he get a pay cut? Who the hell does the federal government think they are to go around and tell people what they can and can't earn?
23
posted on
10/26/2009 5:31:19 PM PDT
by
benjamin032
(http://noslaves.blogspot.com/)
To: benjamin032
When it's my money it is fine with me pay the taxpayers back and then follow the law. End of story.
You do know that a corporation is a creation of law, it isn't a Saint, and what laws gives laws can take away. Maybe they, and you, should buy the corporation and take it private.
24
posted on
10/26/2009 7:26:06 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: Nachum
25
posted on
10/26/2009 7:26:50 PM PDT
by
Jet Jaguar
(A mob of one.)
To: org.whodat
What private? This administration is taking huge strides towards privatizing all industry. The banks were, in part, forced to take the money, not allowed to pay it back early, and are now being told how to compensate their executives. I agree that, if they took the money from tax payers, they should be subject to whatever strings are attached. I do not think those strings should be longer then the terms of the loan, and they should not reach into businesses that did not take any money.
Currently the Government is looking into regulating pay for ANY business that is otherwise federally regulated.
26
posted on
10/26/2009 7:51:00 PM PDT
by
benjamin032
(http://noslaves.blogspot.com/)
To: benjamin032
You sound like a broken record, repeating talking points.
Now read slowly, the POS executives that worked at those failed banks and AIG can pay themselves whatever they wish, just as soon as they pay the money back. Until then they and you can stop whining about it. They should have been closed and the bankruptcy attorneys called in. Then let them whine about their unearned salaries. I don't believe in welfare and I damn sure don't believe in rewarding failure.
27
posted on
10/26/2009 8:00:20 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: org.whodat
I agree about the bankruptcy. Beyond that, you can take your insults for a long walk. So much for a civil argument.
28
posted on
10/26/2009 8:05:28 PM PDT
by
benjamin032
(http://noslaves.blogspot.com/)
To: org.whodat
You glossed over the gun to the head issue.
29
posted on
10/26/2009 8:14:19 PM PDT
by
Balding_Eagle
(Overproduction;, one of the five top worries of the American farmer.)
To: benjamin032
I wasn't having an argument I was stating an opinion, which is the same as many other people.
30
posted on
10/26/2009 8:16:08 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: Balding_Eagle
Gun to the head issue!!! None starter, they could have taken it up with the bankruptcy judge. Go borrow some money off of a bookie and see what happens when you don't play by his terms. If you take the money dance to the music.
31
posted on
10/26/2009 8:19:03 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: org.whodat
You are such a shallow, short term thinker. The problem goes MUCH further back than that.
32
posted on
10/26/2009 8:31:51 PM PDT
by
Balding_Eagle
(Overproduction;, one of the five top worries of the American farmer.)
To: Sir Gawain; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...
Thanks JJ,
The list, ping
33
posted on
10/26/2009 9:05:45 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: benjamin032
To: Sir Gawain
Well we all knew this was coming.
Just as we knew a lot of liberal people would cheer.
Too bad we can’t cap the pay of Czars - because that would require us knowing how much they make to begin with.
35
posted on
10/26/2009 11:03:40 PM PDT
by
Tzimisce
(No thanks. We have enough government already. - The Tick)
To: K-oneTexas
As much as I disagree with the outrageous salaries of CEOs and other corporate officers ... it is a matter between the corporate officers and the board of directors/shareholders of the company.As long as the Federal Government is insuring deposits at these banks, the Federal Government has the right to regulate just about everything that happens inside a bank including executive salaries.
The Administrations action, are in my estimation, unconstitutional.
That may be true, but only if the banking system itself is unconstitutional.
36
posted on
10/26/2009 11:14:19 PM PDT
by
P-Marlowe
(LPFOKETT GAHCOEEP-w/o*)
To: benjamin032
To: benjamin032
He didn’t insult you. He just outwitted you.
To: Sir Gawain
Time for me to be that obnoxious friend who says “told ya so.”
Since so many didn’t believe in the slippery slope concept re: government.
39
posted on
10/26/2009 11:50:19 PM PDT
by
Lilpug15
(The Forgotten Man: He works, he votes and he generally prays - but He Always Pays": Sumner)
To: Sir Gawain
You can bet they will not touch GE!!!
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-54 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson