From the New York TImes
The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.
Worst President EVER.
And it’s only been a couple of months.
Tell me what executive pay has to do with the economy. Nothing?
Hmmmm…
And what about the corrupt politicians who are actually responsible for the current mess. Are we going to limit their pay too? No?
I’m shocked.
Alan,
Socialism requires government ownership of the means of production.
The system by which the means of production is held privately, yet the government gets to dictate the terms of distribution and of profits is actually called Fascism. We can PRETEND he is a Socialist if it helps. I think that he is rather more sinister than that, given his actions to date.
Pax,
Newbius
As has been said before, “One Big Assed Mistake, America.”
Possibly the surest way to get the smart finance types to flee to other countries, and also to ensure that no bank will ever again accept government “help” in the future, is to create this “postea Periculum” (I made that out of pure Latin… “afterward danger”) where the government punishes the crap out of any bank who took money.
This could really really be THE THING that history looks back on and says “yep, that was the final mistake that broke the country.”