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Behind the Bombers NY Yankee Fansite :: Bomber Boards :: JUST POLITICS :: Should Gov't Control Bank Execs Compensation? « Page 3 of 3 Jump to page   Go     Author Topic: Should Gov't Control Bank Execs Compensation? (Read 265 times) Lumpee Little Boss member is offline Carolina born, Carolina bred, and when I'm gone, I'll be Carolina dead! Joined: Aug 2009 Gender: Male Posts: 1,794 Location: The Great State of NC Re: Should Gov't Control Bank Execs Compensation? « Reply #30 on Nov 4, 2009, 4:55pm » Nov 4, 2009, 3:05pm, bbt wrote: Nov 4, 2009, 12:36am, asburyboss wrote: but as the saying goes- it took a Carter to get us a Reagan Really?? I must have heard it wrong......I heard --- it took a "W" to get us an Obama. No no no, friend. It took a Bubba and Bore to get us to Dub... Link to Post - Back to Top   Logged When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car. A computer once beat me at chess, but it was no match for me at kick boxing. There is a fine line between fishing and just standing on the shore like an idiot. [img][/img] Lumpee Little Boss member is offline Carolina born, Carolina bred, and when I'm gone, I'll be Carolina dead! Joined: Aug 2009 Gender: Male Posts: 1,794 Location: The Great State of NC Re: Should Gov't Control Bank Execs Compensation? « Reply #31 on Nov 4, 2009, 4:58pm » Nov 4, 2009, 12:36am, asburyboss wrote: if it wasnt for special interest groups- and in large part with the dems- labor unions, they WOULD be asked to step down every 4 years. problem is they have the thugs backing em and they stay in...but, as the saying goes- it took a Carter to get us a Reagan That can't be....Pelosi promised she would get rid of lobbyists...surely she has kept her word by now... Link to Post - Back to Top   Logged When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car. A computer once beat me at chess, but it was no match for me at kick boxing. There is a fine line between fishing and just standing on the shore like an idiot. [img][/img] Lumpee Little Boss member is offline Carolina born, Carolina bred, and when I'm gone, I'll be Carolina dead! Joined: Aug 2009 Gender: Male Posts: 1,794 Location: The Great State of NC Re: Should Gov't Control Bank Execs Compensation? « Reply #32 on Nov 4, 2009, 5:01pm » Nov 4, 2009, 3:28pm, DavidL wrote: Nov 4, 2009, 12:24am, javier wrote: I have a problem with the government dictating salaries, doesn't seem right. Fine, then pull the TARP money out, and while we're at it, no FDIC insurance for those banks that don't go along. The U.S. does an awful lot to protect and prop up the banks. Why shouldn't the U.S. have a say in the compensation of the top execs? The gov't should have never helped them get big enough so that it was necessary to prop them up if they faltered... And sure..I am for pulling the gov't out of as many places as possible, except for the military... Link to Post - Back to Top   Logged When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car. A computer once beat me at chess, but it was no match for me at kick boxing. There is a fine line between fishing and just standing on the shore like an idiot. [img][/img] DavidL Global Moderator member is online Let me explain. No, there is too much. Let me sum up. Joined: May 2005 Gender: Male Posts: 21,612 Location: Takoma Park, MD Re: Should Gov't Control Bank Execs Compensation? « Reply #33 on Nov 4, 2009, 7:58pm » Nov 4, 2009, 5:01pm, Lumpee wrote: Nov 4, 2009, 3:28pm, DavidL wrote: Fine, then pull the TARP money out, and while we're at it, no FDIC insurance for those banks that don't go along. The U.S. does an awful lot to protect and prop up the banks. Why shouldn't the U.S. have a say in the compensation of the top execs? The gov't should have never helped them get big enough so that it was necessary to prop them up if they faltered... And sure..I am for pulling the gov't out of as many places as possible, except for the military... They got "too big to fail" under the deregulation policies fostered by Milton Friedman and his disciples, which include members of the Clinton admin, but more so the Bush admin. Link to Post - Back to Top   Logged Lumpee Little Boss member is offline Carolina born, Carolina bred, and when I'm gone, I'll be Carolina dead! Joined: Aug 2009 Gender: Male Posts: 1,794 Location: The Great State of NC Re: Should Gov't Control Bank Execs Compensation? « Reply #34 on Nov 4, 2009, 8:12pm » Nov 4, 2009, 7:58pm, DavidL wrote: Nov 4, 2009, 5:01pm, Lumpee wrote: The gov't should have never helped them get big enough so that it was necessary to prop them up if they faltered... And sure..I am for pulling the gov't out of as many places as possible, except for the military... They got "too big to fail" under the deregulation policies fostered by Milton Friedman and his disciples, which include members of the Clinton admin, but more so the Bush admin. With respect, I submit that we both know it goes back farther than that. Link to Post - Back to Top   Logged When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car. A computer once beat me at chess, but it was no match for me at kick boxing. There is a fine line between fishing and just standing on the shore like an idiot. [img][/img] DavidL Global Moderator member is online Let me explain. No, there is too much. Let me sum up. Joined: May 2005 Gender: Male Posts: 21,612 Location: Takoma Park, MD Re: Should Gov't Control Bank Execs Compensation? « Reply #35 on Nov 6, 2009, 7:53am » Nov 4, 2009, 8:12pm, Lumpee wrote: Nov 4, 2009, 7:58pm, DavidL wrote: They got "too big to fail" under the deregulation policies fostered by Milton Friedman and his disciples, which include members of the Clinton admin, but more so the Bush admin. With respect, I submit that we both know it goes back farther than that. I disagree - the real root of the problem was the partial repeal of Glass-Steagall, allowing investment banks to get into commercial banking, which lead to the making of predatory sub-prime mortgage loans, and prohibiting the CFTC or the SEC from regulating OTC derivatives, thus enabling the creation of default credit swaps, which even their creators don't understand fully, and which utterly failed to ensure the soundness of asset-backed securities based on packages of sub-prime loans. These were pushed in Congress primarily by Phil Gramm, a hard-core disciple of Friedman, and backed in the administration by Lawrence Summers, Clinton's Sec. of the Treasury and another (although less hard-core) disciple of Friedman. Link to Post - Back to Top   Logged DavidL Global Moderator member is online Let me explain. No, there is too much. Let me sum up. Joined: May 2005 Gender: Male Posts: 21,612 Location: Takoma Park, MD Re: Should Gov't Control Bank Execs Compensation? « Reply #36 on Nov 6, 2009, 7:56am » Nov 4, 2009, 4:55pm, Lumpee wrote: Nov 4, 2009, 3:05pm, bbt wrote: Really?? I must have heard it wrong......I heard --- it took a "W" to get us an Obama. No no no, friend. It took a Bubba and Bore to get us to Dub... No, it took a sleazy Rehnquist to get us a Shrub. Link to Post - Back to Top   Logged D23 Moderator member is offline Joined: May 2005 Gender: Male Posts: 4,271 Location: Baltimore, MD Re: Should Gov't Control Bank Execs Compensation? « Reply #37 on Nov 6, 2009, 11:32pm » Nov 4, 2009, 4:53pm, Lumpee wrote: Nov 3, 2009, 4:40pm, D23 wrote: Let me just say you guys spend too much time thinking right and wrong...Enjoy your life, for crying out loud and say how beautiful and wonderful you each are. I like to hear DavidL say 3 nice three nice about AB and AB says 3 nice things about DavidL...: ) We suffered through some bad years under Bush perhaps since the Great Depression, yet we are still a great and strong country. Sure this country has flaws but why does every have to be so one sided in your views? I agree with your sentiment...Americans need to spend less time bickering among the parties and work together a little more. I started 2 threads with that outlook (Tap Root and Dissapointed in Obama). The latter kind became split along the way, but I felt the discussions under the former became more cooperative in tone. With one party in control in DC, there is bound to be some battles. The minority cannot back down or they will get run over therefore losing precious ground on important issues, and the majority has to use this time to advance their beliefs...a battle is inevitable given the circumstances. It is my belief that if we can get Congress back in Republican control, then the branches would be forced to cooperate. I have no problem with 6 years of an Obama admin and a con Congress. But until then, it will be a battle. My respectful response to your second sentence is the well worn adage..The price of freedom is eternal vigilance... Besides...argueing politics on a Yankee website is enjoying my life..I love the Yankees, politics, and arguing too..what could be better? Like Arguing? For what? To prove a point? Link to Post - Back to Top   Logged Lumpee Little Boss member is offline Carolina born, Carolina bred, and when I'm gone, I'll be Carolina dead! Joined: Aug 2009 Gender: Male Posts: 1,794 Location: The Great State of NC Re: Should Gov't Control Bank Execs Compensation? « Reply #38 on Nov 7, 2009, 12:16am » Nov 6, 2009, 11:32pm, D23 wrote: Nov 4, 2009, 4:53pm, Lumpee wrote: I agree with your sentiment...Americans need to spend less time bickering among the parties and work together a little more. I started 2 threads with that outlook (Tap Root and Dissapointed in Obama). The latter kind became split along the way, but I felt the discussions under the former became more cooperative in tone. With one party in control in DC, there is bound to be some battles. The minority cannot back down or they will get run over therefore losing precious ground on important issues, and the majority has to use this time to advance their beliefs...a battle is inevitable given the circumstances. It is my belief that if we can get Congress back in Republican control, then the branches would be forced to cooperate. I have no problem with 6 years of an Obama admin and a con Congress. But until then, it will be a battle. My respectful response to your second sentence is the well worn adage..The price of freedom is eternal vigilance... Besides...argueing politics on a Yankee website is enjoying my life..I love the Yankees, politics, and arguing too..what could be better? Like Arguing? For what? To prove a point? I like the battle. Link to Post - Back to Top   Logged When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car. A computer once beat me at chess, but it was no match for me at kick boxing. There is a fine line between fishing and just standing on the shore like an idiot. 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