I knew it was too good to be true

[Hog&Tow]

Lawmakers' Goal to Cap Executive Pay Meets Resistance - washingtonpost.com

[throttle]

Originally Posted by Hog&Tow

Lawmakers' Goal to Cap Executive Pay Meets Resistance - washingtonpost.com

You honestly think the crooks in Washington want to inflict pain and suffering on their crook buddies at the companies?

[jimmiet]

Of course it didn't get through! All you gotta do, if ur a top-notch exec., is say "Excuse me Mr. Congressman, I will gladly give you and your partners however many millions, if you let me make however many millions in salary with my however many millions in bonuses!" Greasing palms make things move faster than greased snot down a chrome nostril!

[ghostrider]

Originally Posted by Hog&Tow

Lawmakers' Goal to Cap Executive Pay Meets Resistance - washingtonpost.com

Doesn't matter which party they all take donations from their favorite organizations and there is no way they would cap the salaries of the ones who feed em.

[Northern]

American taxpayer thievery, right out in front of everyone. Basically, "Eat it chump!" "Nothing you can do about it!"

[trainwayne]

The ironic thing is that they're saying that the regulations limiting executive earnings can't be applied retroactively to the companies that got funds in the first bailout....without giving them the chance to back out of the deal.

"Several compensation analysts said yesterday that many of the measures that were in the Senate bill would have faced legal hurdles because they applied retroactively to banks that received government funds under rules agreed to last fall when Congress passed the Troubled Assets Relief Program's capital repurchase plan. "

"It was not part of the original agreement," said Laura Thatcher, head of the executive compensation practice at Alston & Bird. "If they're going to retroactively change playing rules, it would seem to me that, in fairness, they would have to give the institutions an opportunity to back out of the deal altogether."

If they don't want to play by the new rules, all they have to do is give the money back.....So let them! If they're gonna play with the taxpayers money, then they'll have to play by the taxpayers rules, just like we have to play by their rules when we use their money. That's the first rule of capitolism...the guy with the money gets to call the shots, and if it's taxpayers money.....do the math!
I'm not sure if anyone on here took the time to watch the hearings on C-Span on Wed. when the bank and brokerage CEO's got called out by several of the more aggresive members of the finance commitee...they sat there as if they were stunned that any mortal person could ask and demand answers to questions that they (the execs.) CLEARLY did not want to, wouldn't, or couldn't answer. They live in a different world than people who go to work everyday, and really need to be bitch-slapped into a state of reality.
The crap that they're spouting about "not being able to retain the top people without paying bonuses", is just that, CRAP! If they're "top people" were so talented how the hell did the situation get to where it is now. In a word.....GREED!
If the congress passes up this perfectly legitimate reason to reign in these greedy bastards, not one of them, of either party, should be re-elected.

[throttle]

Originally Posted by Northern

American taxpayer thievery, right out in front of everyone. Basically, "Eat it chump!" "Nothing you can do about it!"

And we keep voting them in... Ironic or stupid, you decide.

[Northern]

Originally Posted by throttle

And we keep voting them in... Ironic or stupid, you decide.

I'm not sure what to call it. That's all that's running. There is no honesty in politics. An honest man gets eaten alive, or killed.