Johann Galt

Kenneth Feinberg, Pay Warrior

You have entirely missed the point. Yes, abuses ran, and still run rampant with respect to executive pay. But it is no answer to appoint some government official "Moses" and have him hand down what another's appropriate comepnsation should be. This kind of power will most certainly be abused. Joe Shareholder is correct- these corps should have failed- that would have solved the exec pay problem.

A far better solution would be to lessen the protections court's give officers of companies, and board members, as fiduciaries. It is nearly impossible to hold an executive responsible for looting a company. As bloated pay packages are clearly harmful to shareholders in many cases, a statutory abrogation of the court-created protections-that allows personal liability upon officers and board members- will alleviate this problem quickly.

But a "pay czar" in the United States of America? You must be kidding supporting this kind of collective thinking.

Supreme Court Rules Against Banks: A Win for Consumer Protection

Mr. Angry Banker- don't do business in states with overly burdensome regulation. It's that simple.

Your desire for uniformity does not trump each state's soveriegn right to pass its own laws. That's why this is a Republic Otherwise, why have states?

Obama's Financial Reforms: Who Stands to Lose

You have got to be kidding wrt SnL's: "the only change their customers may notice is that interest rates become a bit less generous[.]"???

Nice fluff piece. With the regulatory morass that comes with being a "bank" imposed upon SnL's the end result will surely be their extinction. Local SnL's can't afford the cast of characters necessary to maintain the auditing stds req'd of banks. Clearly, the change customers will notice is the rapid decrease of SnL's, as they are bought out by larger banks.

Great analysis- I look forward to hearing of your appointment as a regulator in this great new federal program!