Fairness

Sheila Bair - World's Worst Regulator - to Stay at FDIC

Dare to disagree with most of your points but the first is disgracefully tasteless, and awfully irresponsible too.
The "let’s-stick-up-for-th... schtick" should be most welcome and desired attitude nowadays, which shows exactly a healthy dose of "independent judgment". It's the little guy (fancy your name too) that the whole banking system is living off nowadays, and won't take long until our creative (read crooked) "financial experts" find another novel way (through independent judgment as you wish) to screw us all again in order to get bailed out for the sake of raiding the little guys' pockets again. Have you forgotten Enron, and the likes already? Sure if it is done in mass now, it's no longer visible..., or it's just simply acceptable: everybody does it. Right?
If raiding the little guy's pocket (since we all know the big guy still pays an obscenely small share of taxes) is what you desire, then most likely Sheila Bair is not the right person for the job. Since that little guy is already being robbed by the Bush administration and his rubber-stamp Congress through the bailout, someone has to protect the masses too. We cannot allow the greedy to shamelessly keep massing up the riches on the back of that little guy without impunity. This redistribution of wealth from middle class to the ultra rich is becoming way too disturbing nowadays, while our financial system is a willing accomplice; this trend cannot continue without a mass revolt. Is that what you rather have? Middle class is the backbone of America; we want it thriving, healthy and happy, not exploited, robbed and disenfranchised. So, give the little guy some slack; rather have the riches just once play fair.

Should Executive Pay Indeed Be Capped?

I wholeheartedly agree to the fact that executive pay is outrageously, despicably, obscenely excessive. Today's executive pay is nothing less then a shameless fraud perpetrated against the company shareholders, an albeit legal self-serving salary gauging conspiracy. A white collar highway robbery nevertheless...
None of today's executives, as proven by the present crisis (housing, auto, financial, or otherwise) are capable of saving any company from distress. Their claim that they are responsible for millions of dollars is nothing more then a shameless self-serving justification to defraud investors.
Nowadays, any responsible but obscure college graduate can bring as much value to a company's leadership and bottom line as the brightest executive. Believe it or not, a decent college graduate is worth way more then a bright crooked executive; way, more in terms of shareholders' value and company performance, employee satisfaction, product development, company reputation advancement, and just plain decency and fairness.
Today's hoards of executives are just simple conspirators to defraud the shareholders of their assets, of the value created by the company they administer like their own fiefdom.
I believe, in the name of fairness, decency, and reasonableness, all executives pay should be directly correlated with their employees pay, in no way more then 10 times their least paid employee. In addition, no executive is worth more the US president.
To my opinion executive pay should also be capped at 75% of the US president's salary.

Solve the Housing Crisis by Rewarding the Prudent

Great thinking. Congratulations for comming up with that great idea! If only our leaders would start thinking similarly: reward the prudent, the backbone of America, those who can and will rebuild the economy, not those who broke it down with their greed or stupidity. Paulson, out of the way; Ben Young is here. Obama, are you listening?

Wall Street Breakfast: Must-Know News

Recycled.
The obscene executive compensation payments are major part of the problem, as it was exposed by this financial crisis as outright fraud.
Generally speaking, no executive is worth getting paid more then the ultimate CEO, the US president.
No one, no matter how clever or educated, should be allowed to rob their employees and shareholders as shamelessly as the executives do nowadays. The irony of it is, it's all done legally, under the regulators' watchful eye; highway robbery nevertheless. That needs to stop, in the name of fairness, and in order for the investor to regain confidence in our financial structure and business concept.
Since companies cannot do it themselves, Congress needs to cap executive compensation by law at about the US president's salary level, and index it for inflation. At the very least, executive pay maximums should be tied to a reasonable multiplier of their lowest paid employees’ compensation. If we don't want people to revolt against being robbed by the government too (read heavily taxed) in order to bail out these shameless executive thieves, and keep them doing more of the same, Congress needs to act now. Not until some sort of cap is implemented, we shall see abuses and excesses disappear.

Macro: How Bankrupt Financials Will Impact Connecticut, NJ [Housing Tracker]

Judy, the obscene executive compensation payments is a major part of the problem, as it was exposed by this financial crisis as outright fraud.
I lately became a huge fan of capping executive payouts. Generally speaking, no executive worth getting paid more then the US president. No one, no matter how clever or educated, should be allowed to rob their employees and shareholders as shamelessly as the executives do nowadays. The irony of it is, it's all done legally, under the regulators' watchful eye; highway robbery nevertheless. That needs to stop, in the name of fairness, and in order for the investor to regain confidence in our financial structure and business concept.
Congress needs to cap executive compensation by law at about the US president's salary level, and index them for inflation. At the very least, executive pay should be tied to a reasonable multiplier of the average and/or lowest paid company employee. If we don't want people to revolt against being robbed by the government too (read heavily taxed) in order to bail out these shameless executive thieves, and keep them doing more of the same, Congress needs to act now. Not until some sort of cap is implemented, we shall see abuses and excesses disappear.

Oil Shocks, and What They Hold for the US Economy

John Egan, I agree with you. Drilling for more oil will not decrease oil prices in the long run, but only contribute to a faster depletion of our own oil reserves. Taxing more heavilly would decrese consumption and force use of alternate energy, possibly force people to use more of the so called "greener energy" alternatives. Increasing the tax, gradualy would soften the blow, and give sufficient time for adjustment. Oh, and yes, all that excess tax, should be spent on infrastructure and road improovement, which would create more jobs locally, where we nee them...

Former Merck CEO Prods Industry on Drug Pricing

With the direction the medical care and the pharmaceutical industry is going, reevaluating its moral stand and humanitarian role is an absolute must. Nowadays it is more and more questionable why are these industries still allowed to be “for profit” establishments.

Profiteering based on people’s health-sickness and life-death matters are not just completely unacceptable and a total shame; it’s plain wrong. Yet, this is exactly what is going on. It is only a matter of time, until the society will turn against such profiteering and hopefully governments will follow suite. Today, seeing the deluge of medication ads (mostly for prescription drugs) on the TV is disturbing. Why hasn’t that been banned yet? All those loopholes need to be closed! Now! This is a huge sign that profiteering and not humanitarian reasons are driving the industry’s development; that has to change.