joes

Wall Street Breakfast: Must-Know News

The naive government bashing is useless, we elected these people, each of us voted for the last guy or this guy, and the reality is that government policies make small differences in the long run. History shows as long as they are trying "something", it helps to relieve some tension and markets to operate.

In the long run it is earnings that matter, and it is clear that business needs to provide those. But when you have a group of CEO's that come begging to DC, then the first order of the day is to can them and move on to the next set of blue suits.

White collar crime needs to be policed, maybe by retraining the guys chasing potheads, they have never caused the pain and suffering that the Paulsons' and Greenspans have wrought.

Wall Street Breakfast: Must-Know News

I don't understand why we can't go back and retroactively set pay limits, AIG, BOA and PNC are three groups that come to mind that took the money and ran through it with little to show.

What are the CEO's going to do, leave with no severance, that isn't likely. It isn't like they have skills that are in demand.

The point is that while shareholders made the choice to pay these losers $20m+ a year, taxpayers had no choice.