Another 25 basis point hit of crack.
.
Silly Monkey hit it again. Do you work for the FED?
Another 25 basis point hit of crack.
.
Silly Monkey hit it again. Do you work for the FED?
http://scconservative.wordpress.com/2008/09/24/rescue-plan-from-a-healthy-banks-perspective/
The money quote:
"Arbitrary limits on executive compensation will be self defeating. With these limits, only the failing financial institutions will participate in the ?rescue,? effectively making this plan a massive subsidy for incompetence."
Wow, I just realized this was a very old thread. Forgive me for my earlier dramatic post. I was in a mood. But, after reading and watching some more damm TV, I remembered some stuff and have a new question...
Can someone explain to me the golden parachutes the CEOs get in their contracts? I think this is some of what makes us Main Streeters boiling mad. I have a feeling that in order to lure the best and the brightest people to head these companies, they must have to "safeguard" these CEOs bank accounts. I know there are many good guys on Wall Street, it is just that right now most of us are lumping them all together and putting a Greed sticker on them.
HELP!