john s. gordon

More AIG Controversy: Maiden Lane III

it is clear that the fed could have created a better deal for the u.s taxpayer but they panicked & gave away the farm.
> jack

Bailout Alternatives

put hank p. under the microscope first.
> jack

CDS Regulation: Just One Simple Rule

inappropriate location or not, wall st has been a casino for at least the last 10 yrs.
i remember all the boiler room 'brokers' (it seems anyone with a telephone can call himself a broker) cold calling me on the phone saying jack you gotta buy this dot com that dot com.
i always asked does this turkey have any earnings?
the answer always was earnings don't matter jack.
at which point i hung up the phone.
> jack

U.S. Government Patching the Barn Door Instead of Catching the Escaped Horses

sorry i meant to type TBTF's.
> jack

U.S. Government Patching the Barn Door Instead of Catching the Escaped Horses

washington you are so right.
TBIF's have not only warped the economy but through their pervasive influence and limitless campaign contributions they have corrupted the government.
> jack

Financial Regulation: How Would You Have It Work?

'closing the loopholes'.
full speed ahead please.
although the banksters are very proficient at inventing new loopholes.
eternal vigilance is the price of financial stability.
> jack

When Is Insider Trading Legal? The Strange Case of Stephen Friedman

'govt squanders billions'.
well the bush-cheney govt squandered billions (not to mention the mutilated troops) on their illegal iraq war but it took them 7 yrs to do it.
in the case of the AIG caper it was done in the blink of an eye.
> jack

Capping Executive Pay: A Misguided Remedial Effort

i'm not sure anyone is proposing to cap pay of all corporate executives nonselectively.
the pay of financial wizards who have demonstrated their willingness to pull off scams against the u.s taxpayer certainly needs to be capped (read TARP recipients).
> jack

Goldman Should Give Back to Taxpayers - One Way or Another

GS the giant vampire squid.
thanks for the thought provoking article.
> jack

In Defense of Executive Pay Caps

given that the executives leaving the mentioned firms have mismanaged and driven their firms into bankruptcy, who in their right mind is going to hire them @ the 150 MM salaries they demand?
in the u.s army when a field commander screws up and loses a bunch of dead & wounded team members, he is sacked & replaced immediately. no dithering around.
> jack

More on Greed, Regulation, Lehman, The Financial Industry

as the good book says, gluttony is one of the 7 deadlies.
let;s hope the politicians in the federal village are listening to what you have to say.
> jack

Wasted Lessons from AIG

reggie thank you once again for telling it like it is.
will the kleptocrats ever get their due?
> javk

Bankrupt Deadbeat Banks Stiff Taxpayers

pat - thank you for telling it like it is.
> jack

Should the Government Profit from the Bailout?

should national treasury profit from the bailout?
yes, if it turns out that way (it is not clear @ present that it will).
in view of the pain inflicted on the nation's citizens by the miscreants on wall st it is appropriate to get back the principal plus interest,
after all the megabanks charge 29% interest annually on their credit cards.
regarding the debt burden on the grandchildren, the burden from emperor george w's unnecessary illegal iraq war is quite large enough already, thank you very much. remember when wolfowitz said the war would be paid for 100% by oil revenues? it didn;t happen.
> jack

Outlandish CEO Pay: How to Fix the Problem

tie pay to long term performance (not just quarters) - yes.
encourage clawbacks where malfeasance is clearly evident - yes/
place limits on perks - yes.
executive compensation 'consultants' are corrupted by the pay they get from the board of directors, so you get unwarranted inflation in executive pay. eliminate or severely limit the practice.
> jack