WASHINGTON -- The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.
The initiative, which is in its early stages, is part of an ambitious and likely controversial effort to broadly address the way financial companies pay employees and executives, including an attempt to more closely align pay with long-term performance.
If it smells like a duck...
We are so fucked.
The Gunslinger
This is so typical of a leftist government as only they have the solutions for the masses. What is next? Storm Troopers?
ReplyDeleteLet's see...banks, car manufacturers, medical industry... Last time I checked, nationalizing private sector business was called "fascism."
ReplyDeleteTo be boorishly obvious...How 'bout the Lefties' "GWB's power-grab of the Executive Branch" screeches,but NOW it's okay when Obama goes WAY beyond? Ah,the joys being in a Cult of Personality!!! Dumbasses...
ReplyDeleteThe Storm Troopers are ACORN and the SEIU.
ReplyDeleteLife would be a Dream...if there was an honest,stalwart Prosecutor to ,well, prosecute ACORN & SEIU under the RICO laws. To paraphrase "Island of Dr.Moreau"..."What is the Law? Is there Law,anymore?"
ReplyDeleteOh, come on. Banks not wanting to take federal money (and thereby becoming subject to any federal whims) will just find themselves at the losing end of the black box calculator known as the "Bank Stress Test". Then the administration can just threaten to publicize just what a scary risk that bank is, which would cause a run on the bank, and put the bank out of business.
ReplyDeleteWith that kind of extortion, pretty much any bank is going to grudgingly put their hand out while bending over at the same time. They'll choose slavery over death.
GunGeek...yes, exactly. A government that does that is fascist.
ReplyDeleteHence the title of the post...