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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
  • Wall Street Breakfast: Must-Know News [View article]
    Couple of days ago the rumor was CIT was being merged, stock leaps skyward. Then talk of bankruptcy. Hmm, does this look like clasic manipulation to you? Wonder how many insiders were able to get top $ for their shares on the runup...?
    Oct 01 13:11 pm |Rating: +2 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]
    I agree with just about everything said so far, with that counterproductive must mark to market when there is no market being what really pushed this mess over the edge. Greed is good. It's what makes the system work. Government is there to see that fraud is not resorted to, otherwise needs to stay out as much as possible.
    Sep 15 09:57 am |Rating: 0 0 |Link to Comment
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