This actually sounds good

[CobraEd]

No more bonuses, stock options or big pay raises for the Wall Street "Idiots"


http://www.cnn.com/2009/POLITICS/01/...pay/index.html


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[October-1881]

Wait a minute. Isn't the SEC supposed to monitor these "idiots" as you call them. Madoff pulled off the biggest scam right under their noses and Paulson let the banks operate like there was no tomorrow. So who are the idiots? Now you want to limit the salaries to the same as the president's? Quess what you'll get for that? We already have idiots in the government and for 400K you'll have them running big business too. Like my old buddy R.R. said "government isn't the solution to the problem...government is the problem."

[October-1881]

Here's another example of our brilliant government.
http://www.youtube.com/watch?v=x8hMJVXt09E

[Ron61]

Originally Posted by October-1881

Wait a minute. Isn't the SEC supposed to monitor these "idiots" as you call them. Madoff pulled off the biggest scam right under their noses and Paulson let the banks operate like there was no tomorrow. So who are the idiots? Now you want to limit the salaries to the same as the president's? Quess what you'll get for that? We already have idiots in the government and for 400K you'll have them running big business too. Like my old buddy R.R. said "government isn't the solution to the problem...government is the problem."

Here is how the SEC monitors things.

http://www.reuters.com/article/busin...e=businessNews

Ron

[Bobcat]

Guys , I agree 100 % with October - 1881 ...do we really want to let the Imperial Federal Government start to set wages/salaries/bonus etc ? I can understand the reaction to the "excesses" , but do you really think those morons in DC will stop there ?
Let`s look at one possible unforeseen consequence ... anyone who is competent will avoid working for any company that takes or will take any Government ( our ) money since they will be able to make more in an industry not regulated ( yet ) by DC and Barney Frank and company. A really good manager/talent doesn`t come cheap ... and if he or she is really good , they are worth every penny they are paid .... as opposed to our wonderful Senators and Congressman/women .
One example ... if a manager is hired by a company that is on track to lose $5 billion and he manages to reduce to loss to $1 billion , isn`t he/she worth more than $400,000 ??
How about this ... if the country runs a deficit , everyone in DC pays us ( or commits Hara Kiri ) . If we break even or have a surplus , they get a salary and bonus based on the size of the surplus ???
Just my .02 cents worth .

[Alex Donghi]

hey Janet Reno was even threatening law suits if they did not loan to the sub prime market called red lining. So the banks found an excape fran and fred