mrbill

8 Reasons the Obama Administration Will Not Solve This Crisis by the End of 2009

Hotlanta,

“6. So you favor the government legislating the free market economy of salary and bonus structures that are used to attract the best people”

Oh, how convenient to use “free market” principles when it suits a banker's bottom line and one of your points. In that case, be true to the principles by allowing these losers to fail. Sadly for you, however, that would contradict everything else you've said.

Just another case of someone trying have it both ways.

8 Reasons the Obama Administration Will Not Solve This Crisis by the End of 2009

“Why wasn’t the expressed outrage of the Obama administration regarding $3.6 billion of bonuses that Bank of America (BAC) paid to Merrill Lynch (MER) executives, a figure that dwarfs $165 million”

Great observation. Obama trying to stop the $165 million is psychological trickery. I'll bet he succeeds. So when people mention the $3.6 billion, the masses will equate that with “Obama stopped the bonuses!”