Comments on Saving to Inve$t: The Good, the Bad and the Greedy - Wall Street Cri...

The chance of these Wall street Criminals getting ...

2009-08-25T23:43:17.257-04:00

The chance of these Wall street Criminals getting a judicial flogging is as likely as finding palm trees at the North Pole.

As long as these commercial and investment banks are allowed access to low interest, unlimited funds from Feddie (a.k.a. the Bankers Private Bank) to use for gambling in the markets there will be no change.

I think we may need to return banks to their original purpose which is to accept deposits and make loans.

The fat needs to be cut in Washington, such little...

2009-02-21T18:24:00.000-05:00

The fat needs to be cut in Washington, such little thing as having a different pen every time Obbama signs his mark on s paper and all teh over nothing that he signs.

Looks like the financial crisis is taking the much...

2008-10-12T06:52:00.000-04:00

Looks like the financial crisis is taking the much anticipated criminal turn with the FBI starting to seriously probe allegations of fraud by a number of Wall Street firms whose recent collapses sent markets into turmoil. The ones that received the most media coverage, Yeah!!! send those greed bastards to us and we'll exploit them! http://www.greedypeople.com

Thanks for all the comments. It will be interestin...

2008-10-04T21:49:00.000-04:00

Thanks for all the comments. It will be interesting to see how the wall street execs come out of the current mess. Thanks to Debt Kid for also publishing this post inf the Carnvial of Personal Finance

This is a tough one. If we regulate compensation t...

2008-10-02T06:55:00.000-04:00

This is a tough one.

If we regulate compensation too much we might reduce the incentives to attract the best people for the job. That said it is obvious that the current system of linking executive renumeration to share price is simply not working.

I think the current regime is inept in doing anyth...

2008-09-30T15:36:00.000-04:00

I think the current regime is inept in doing anything for the good of the country!!! What good has Bush done for the US? He's ruined our international relations and worse...he's largely responsible for potentially ruining our economy!! Will McCain do much better? I don't think so. He's just as old school as Bush!! Time for a change!! Let's get someone in that has fresh ideas that will improve our foreign relations, economy, and the overall well-being for each and every American (and legal aliens).

In 2007, the total compensation of chief executive...

2008-09-25T14:55:00.000-04:00

In 2007, the total compensation of chief executives in large American corporations was 275 times that of the salary of the average worker, the Economic Policy Institute, a liberal research organization, estimates. In the late 1970s, chief executive pay was 35 times that of the average American worker! In 2010 it will be.......

Now that we are full-fledged socialists, I say it ...

2008-09-25T14:52:00.000-04:00

Now that we are full-fledged socialists, I say it is time to start regulating executive compensation. We all know how much this country –and the world – hates George W. Bush, but it is amazing that he is fighting the regulation of executive compensation as part of the bailout. Does he enjoy being made fun of? I guess he believes there is such a thing as “half-pregnant”. Need I remind him that “the horse has left the barn” – we are already deep into socialist activities already; taking an additional element (regulating market driven compensation) and including it in the bailout package is a no brainier.

I lean toward the libertarian side of things and realize that government intervention is rarely the most productive way to solve problems, but come on!….”In for a penny, in for a pound”, as they say. I see the moral hazard in all this less with the government taking over companies (a la Chavez or Russia), and more with sending a message to executives that they are so much smarter and valuable then the rest of us, that even when they fail, they must be paid.

If it were up to me, I would cap the salaries at $500,000 for any executive that takes the government’s money. If you don’t like the deal, then refuse the “gift” from the government and watch your company go bankrupt. If we learned any lesson in this mess, it was the fact that finance executives are only smart when the market goes in the preferred direction, up.

They are all a bunch of crooks that are getting on...

2008-09-25T14:04:00.000-04:00

They are all a bunch of crooks that are getting on welfare courtesy of us who pay taxes. It is a damn shame, shame, shame! Vote Obama!