kgeechee

Limiting Banker Pay - Another Downside

So I take it your view is that any CEO who fits this description: "Bear Stearns CEO James Cayne had no idea that anything was amiss" is worth paying a gazillion $$$$ a year PLUS an obscene bonus his equally 'in the dark' rank & file employees will not made that much in their life time COMBINED!

Dare we ask if ANYONE understands the problems? Greed on Wall Street is NOT the answer.

Why Congress Is Asking Bernanke Bogus Questions

Ken Lewis is portrayed as 'leader of abused CEO's'. I doubt it. Perhaps he could have be seen as a valued member of the 'Bonnie and Clyde' gang, but he refuses to drive a Ford!

Cramer's Stop Trading! Bernanke Allegations Are Baseless (6/24/09)

Right On, apppro!

The Shorts, Hedge Funds, greedy Corp execs, and Thieves posing as Money Managers:
Hang 'Em High
and feed their Bones to the Buzzards!

Help Bring Investing, not Gambling, back to Wall St or say "Good Bye" to Main Street.


On Jun 25 07:19 AM apppro wrote:

> Whether baseless or not ( and I feel they have a very small link
> to reality), what still is NOT being looked at or even talked about,
> is how "The Shorting of America" was the 'cause' of all of this.
> Why are we letting a handle of narsarsisstic shorts get away with
> all of this? The blatant naked shorting, rumorboarding, gangshorting,
> etc. that occured was not only the cuase, but also determined the
> outcome. Things didn't have to get this bad, except for the greed
> of a few. Why have these guys been elevated to God status and not
> prosecuted for the criminals they are?
>
> We're going after to the only people who were willing to stop the
> insanity, not the people the caused it.
>
> Who lobbied the SEC to get rid of the uptick rule?
> Who lobbied FASB to institute M2M?
> Who devised mortagage default sceanrios (that still have not occurred)
> that created an atmosphere of fear and mistrust?
> Who has been feeding certain politicians with contrived scenarios?

Exchanges Propose Weakened Uptick Rule

Ban Naked Shorts; you must hold the number of shares you are shorting in the account you are using for the transaction. Next step: hang the 'shorts.' Enmasse while singing "hang a Noose around the old oak tree!"

Pay Bankers Much Less

Ken Lewis of BAC should lead the banking industry, for once, on salary cuts by cutting his salary to $1/year for 2009 AND returning all salary and bonuses received for 2006, 2007 and 2008.

He still would be overpaid.