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  • Wall Street Breakfast: Must-Know News [View article]
    The problem is the CEO's for the most part write their own pay checks. In the old days where fat cats controled big blocks of stock, they would put a brake on it. These days, only their nerve limits their pay. Hey, what would you pay yourself if you could get away with it?
    Oct 23 10:53 am |Rating: +4 0 |Link to Comment
  • Why Are Banks Paying Back Loans They Can't Afford?  [View article]
    It all makes perfect sense if you remember the purpose of these corporations is line the pockets of the CEO. All else, including the health of the company, is very secondary. When exec comp limitation suddenly appeared, there was a collective "Opps" and a rush to pay these things back.

    Greenspan testified that his error was to think the bank CEO's would not put their company's at risk chasing a quick and easy profit, and therefore took their word that their complicated trading rooms were adequately hedged. All sorts of nasty stuff was hidden from us. That Greenspan and his regulators couldn't find it makes me feel better that I couldn't either... but not much.
    Jun 10 13:13 pm |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So the banks are told to raise capital before they will be allowed to give their taxpayer money back. OK, so they do, then they are told "Sorry, that's not enough. [hee hee]" When will it dawn on them that they will never be allowed to pay the money back and get free of government controls.... unless they are Goldman with a lot of political pull.... or they pay off the right people/entities?
    Jun 03 17:19 pm |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So why the rush to pay back the TARP money? Not often a company turns away from free $$$. How does this benefit the stockholders? ANS: it doesn't. It's all about getting rid of the government strings that come with it, specificly the limits on CEO pay. Hits them where they live, right in the name of the game.
    Jun 02 12:46 pm |Rating: +1 0 |Link to Comment
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