Republicans leaders are against capping CEO pay at bailed out companies - Page 2 - Mercedes-Benz Forum

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post #11 of 26 (permalink) Old 02-06-2009, 11:01 PM
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Originally Posted by 420 SE View Post
well, that is indeed a very good question...

Some sort of stability in the financial sector would, I imagine, be a desirable thing however.
Stability in the financial sector? That is rich. Explain to us please how a sector of the economy can have any stability when it is based entirely upon the fears of what may happen, or can be manipulated by the words that ARE NOT said by a person of whom people think has great influence in the sector (Alan Greenspan).

There is no stability in the financial world. It is the MOST volatile portion of any economy. Any attempt to control the process only screws it up, hence the issues we are currently facing.

It is like trying to strangle water. Can't be done.

Who's John Galt.

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post #12 of 26 (permalink) Old 02-07-2009, 12:40 PM
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They may be against capping the pay of financial institution CEOs, but rest assured they will not hesitate to cap your pay if you happen to work for a federal agency.
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post #13 of 26 (permalink) Old 02-07-2009, 02:15 PM
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"Let us open these jobs up to the people...."

Who is us? And what the hell are you doing in my business?
Shareholders, baby. Best voice in town.

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post #14 of 26 (permalink) Old 02-07-2009, 02:17 PM
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Originally Posted by 420 SE View Post
well, that is indeed a very good question...

Some sort of stability in the financial sector would, I imagine, be a desirable thing however.
Only if you are able to see beyond your own small sphere. Otherwise apparently it is ok to just let everyone else burn.

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post #15 of 26 (permalink) Old 02-07-2009, 02:23 PM
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Originally Posted by TNTRower View Post
Stability in the financial sector? That is rich. Explain to us please how a sector of the economy can have any stability when it is based entirely upon the fears of what may happen, or can be manipulated by the words that ARE NOT said by a person of whom people think has great influence in the sector (Alan Greenspan).

There is no stability in the financial world. It is the MOST volatile portion of any economy. Any attempt to control the process only screws it up, hence the issues we are currently facing.

It is like trying to strangle water. Can't be done.
Ever seen a DAM? How about a PIPE? Faucet? Hose?

Right NOW, in 2009 we have one of the least stable world economies in our history. BUT, we have had, many times in our past very stable economies. Very stable financial sectors and very stable concurrent fiscal balance between our national and international accounts.

You really need to grab a few years of school and experience on the subject prior to throwing out broad based assumptions that have no basis in reality.

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post #16 of 26 (permalink) Old 02-07-2009, 02:41 PM
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We can't live on $500K a year!

http://www.nytimes.com/2009/02/08/fa...8halfmill.html

...and the funny thing is, partway through this article, you too may be convinced
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post #17 of 26 (permalink) Old 02-07-2009, 08:24 PM
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Shareholders, baby. Best voice in town.
Not a chance. If this were a shareholder movement, it would have happened long ago and wouldn't have needed a demand from the government.

There is already a law that specifies that any salary over $1 million in a public held company is not deductible as an expense. How did that work out?

What we are seeing is a populist rant that will fizzle after the bailouts stop...oh, maybe they won't and we will have a Department of Bailed Businesses, and begin to look like some of the socialist countries.

Ultimately, this is an attack on our freedom regardless of the dollar amount.

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post #18 of 26 (permalink) Old 02-07-2009, 08:39 PM
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Not a chance. If this were a shareholder movement, it would have happened long ago and wouldn't have needed a demand from the government.

There is already a law that specifies that any salary over $1 million in a public held company is not deductible as an expense. How did that work out?

What we are seeing is a populist rant that will fizzle after the bailouts stop...oh, maybe they won't and we will have a Department of Bailed Businesses, and begin to look like some of the socialist countries.

Ultimately, this is an attack on our freedom regardless of the dollar amount.
What freedom is this an attack on? Greed is not a freedom, nor is Irresponsibility.

And as for the Stockholder comment, the banks of the Financial Sector now have three classes of Stockholder. They have the Preferred and Common Stockholders and they also have the newest class of Stockholder, christened when the banks accepted and signed the bailout checks. Those stockholders are the 134Million Taxpayers. And THEY, or WE don't like what has been don't with the money we lent them. The Irresponsibility that they have shown makes us angry and decide that we need to have a say in the rest. That is our right, through our Congress to do that.

If the banks don't want anyone telling them how to run their business, all they have to do is either NOT take the money or return it if they have already taken it. Then they can exercise as much freedom as they wish. Until then, strings are appropriate.

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post #19 of 26 (permalink) Old 02-07-2009, 08:47 PM
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At the very least the Dems can use them for their populist rant and to fan the flames of class envy.
Like pushing the banks to do more sub-prime loans?

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post #20 of 26 (permalink) Old 02-07-2009, 08:52 PM
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Like pushing the banks to do more sub-prime loans?
You will note the banks that didn't get greedy with sub-prime are doing OK and did not need bailout. This "push" appears to be an excuse by some of the banks to cover up overzealous lending practices.

It is like putting a box of donuts on the table. Only the poorly disciplined will eat over one.

Guess who blames the guy who brought the donuts.

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