OctoberFaith

In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

I dont know actually. I think the whole concept of deferred compensation and executive compensation etc etc etc is actually pretty damn good as it "normally" has been.

if you start playing with peoples deferred comp you start changing their plans for the future that they have already invested in.

; )

In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

and no internal loans to back banking companies shouldn't be unsecured in the US. those assets should be backed by something, duh, obviously.

In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

But what about all those banks and Wall Street firms that have received massive capital injections under TARP, firms that may or may not have survived without Government (read: U.S. taxpayer) assistance? A good chunk of TARP funds are effectively backstopping these liabilities. Is this right and fair? I'd say not.

sure.

speaking of executive pay, if you have a better idea. you impliment it. remember its YOUR country, I just live in it.

In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

Oh yeah I have a question.
If someone is so bad that we have to pay them to leave why the hell are they being hired in the first place?
I don't care what your risk is in leaving your position, if you want to be paid for your future loss in earnings by leaving current job or by the unpredictability of future paycheck at the job your going to, work that crap out before you sign on the dotted line.
seriously, get your "golden parachute" up front, no backend deals. I would imagine that alone would stop a big chunk of the problem. Especially if board members saw that in their first year or (perhaps first 2 years) that the executives weren't justify the sign on bonus, they would get them out of there in a heart beat.
I also don't know if I can agree with trying to tie their paycheck to a number based on the net value generated. My reason, is because there are alot of ways to measure value. and what do you when your in a recession and they are only down 5% but the market is down 20%? then they are UP 15% of the rest of the market but are they to be punished for this? I think it is things like that cause to many problems with tieing paychecks to value.
But, if someone can prove that they really ARE doing something to justify that paycheck they are receiving then more power to them. wish I was as productive as that.

In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

how did this get to the point where we are so competitive with a part of the entire countries economic system?

all in all I agree with the author. let me get that out right now.

what I want to ask is where did the problem stem from that caused Lehmans to go under? wasn't it poor lending practices in the entire banking industry in general? why were the practices so bad? why was the money so easy to come by in the first place? and what caused that event?

when we lowered the cost of the money to recover the economy from a set of planes crashing in to the WTC and Pentagon, why did it lower the cost of money for housing and real estate projects too? shouldn't it have only lowered the cost of money for businesses and corporations to stimulate economic development in the effected areas? entities that create some overall economic value not just real estate rental complexes for private investors portfolio. (no matter how personally fond I am of that idea myself lol)

I'm not assigning blame. im asking about shoulds. what should have happened in these scenarios? Maybe some of this is just fallout from a single event 7 years and we are just looking at the aftermath yelling out about mess to clean up instead of thinking about how to stop it from occuring again in the future.

I don't have all the answers, infact I hardly have any clue of what is really going on with the banks.

but, perhaps this was a 25B reason why we should just take a couple minutes to just sit and reflect and just try to understand what happened first?

Right now if that same event happened are measures in place to stop the present day situation?

- I am all up for any reflections or ideas or notes worthy, I just dont have any long term answers myself. quite frankly I just dont know enough about the laws to offer any ideas. do you?