Another 25 basis point hit of crack.
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Silly Monkey hit it again. Do you work for the FED?
What will the Fed do ?
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Silly Monkey hit it again. Do you work for the FED?
Silly Monkey hit it again. Do you work for the FED?
No, but Ben does have me in his Alltel "My Circle."
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Hindsight
What a difference a year makes. There were some pretty interesting predictions in this old thread. Some correct, some not.
What a difference a year makes. There were some pretty interesting predictions in this old thread. Some correct, some not.
Slap in the face
This bailout is a slap in the face to anyone who has been responsible and really is just a multi-bank bailout that reatains a glorious golden parachute for all of Ben's buddies. If you didn't write your representatives this past week, you should be ashamed of yourself.
This bailout is a slap in the face to anyone who has been responsible and really is just a multi-bank bailout that reatains a glorious golden parachute for all of Ben's buddies. If you didn't write your representatives this past week, you should be ashamed of yourself.
Rescue Plan from a Healthy Banks Perspective
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."
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."
I heard this very thing on NPR this week. Suits me just fine. Get all those great smart top business school graduates out of there and replace them with some "second tier" business school graduates that either took ethics or were born with them. There is something bad in the water at some of these schools and with some of the people that attend them.
Gordon Gekko. Fiction
Gordon Gekko is a [ame="http://en.wikipedia.org/wiki/Fictional_character"]fictional character[/ame] from the 1987 film Wall Street. Gekko was portrayed by actor-producer [ame="http://en.wikipedia.org/wiki/Michael_Douglas"]Michael Douglas[/ame], in a performance that won him an [ame="http://en.wikipedia.org/wiki/Academy_Awards"]Oscar[/ame] for [ame="http://en.wikipedia.org/wiki/Best_Actor"]Best Actor[/ame]. Gekko may return in [ame="http://en.wikipedia.org/wiki/Money_Never_Sleeps"]Money Never Sleeps[/ame] which is currently in pre-production.
Gekko is based loosely on [ame="http://en.wikipedia.org/wiki/Arbitrageur"]arbitrageur[/ame] [ame="http://en.wikipedia.org/wiki/Ivan_Boesky"]Ivan Boesky[/ame], who gave a speech on [ame="http://en.wikipedia.org/wiki/Greed"]greed[/ame] at the University of California, Berkeley in 1986 and real-life activist investor / corporate raider [ame="http://en.wikipedia.org/wiki/Carl_Icahn"]Carl Icahn[/ame]. In 2002 Gordon Gekko was named one of the [ame="http://en.wikipedia.org/wiki/Forbes_Fictional_15"]Fifteen Richest Fictional Characters[/ame] according to [ame="http://en.wikipedia.org/wiki/Forbes"]Forbes[/ame] who attributed him with 650 million dollars. In 2003, the [ame="http://en.wikipedia.org/wiki/American_Film_Institute"]AFI[/ame] named him number 24 of the top 50 movie villains of all time.
Jeff Skilling...non-fiction.
Havard School of Business.
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!
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!
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.
HELP!
The way I remember it, Nardelli did not do a very good job and was ousted from Home Depot. Now he heads another small name in business, Chrysler. My mom is not big in business, but she always repeats the same thing, "It's not what you know, but who you know"