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Goldman, JPMorgan Won’t Feel Effects of Executive-Salary Caps

RightinNYC

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Bloomberg.com: Politics



And now the banks are fleeing the TARP program, which was designed...to get the banks to accept the money.


And more details:

The Associated Press: Banks could still find wiggle room in pay caps



And just how many people will this affect?



I repeat: This thing is just a load of populist crap. Recognize when you're being played for fools.
 
It's amazing how these kings can line their pockets on the work of the slaves when they didn't even start the companies they work for. Oh, I am on top and now that gives me the right to line my pockets with all of the companies profit. People should not have the right to give themselves raises unless everyone in the corporation can do that. Capitalism is a real wonder.
 
If this is true, then the future name of the merger of Citibank and Morgan-Stanley is going to be City Morgue. :mrgreen:
 
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nightflyer said:
It's amazing how these kings can line their pockets on the work of the slaves when they didn't even start the companies they work for.
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Thanks, Comrade. :roll:
 
The move by Goldman to repay the TARP money could be seen as a confidence booster by the financial community. They're strong enough to return TARP money so that must mean that they are financially healthy - let's invest in them.
 
RightinNYC said:
I repeat: This thing is just a load of populist crap. Recognize when you're being played for fools.
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Or when someone is taking advantage of a crisis to make an unprecedented grab for power.

Interesting that some had no problem seeing the Patriot Act as just that.
 
RiverDad said:
The move by Goldman to repay the TARP money could be seen as a confidence booster by the financial community. They're strong enough to return TARP money so that must mean that they are financially healthy - let's invest in them.
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Which would lead me to believe that they intentionally lied to the US gov't in the first place to get the money. If they can pay it back so quickly, clearly they weren't hurting as much as they wanted us to think they were.

Let's give Obama credit for exposing these Bank frauds. Yet another reason why the salary cap was a good idea.
 

Did you miss this part?

 
RightinNYC said:
Did you miss this part?
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Truth be told, yes, I did miss that part. Now, what exactly is the problem with them giving back the money? If they don't need it, why not give it back? If they do, then deal with the pay limits.
 

Kings and slaves?

Dude, get out of the basement and get some perspective.

~Sheesh~

Seriously, what kind of idiocy leads someone to draw such a picture of American capitalism when there is, you know, real slavery out there? This fool needs to believe that America is a worse place for workers than the worker's paradise in North Korea, Cuba, China, all of Africa, the Middle East, etc.

What compels someone to need such a perception?
 
9th ward currently:


How the "other half" lives:




'nuff said.
 
I wonder why the Democratic Mayor and Governor were unable to protect their own residents. I wonder why the Democratic-controlled levy districts were unwilling to spend that federal largesse to ensure that the levy system was capable of protecting those residents. I wonder why the Democrats are so upset at federal officials and banking leaders for the devastation wrought by Katrina and that their own elected officials could not effectively prepare for nor respond to.

Just wonderin'...
 

So now this is a democrat thing? Silly me, I thought we were talking about goldman sachs.
 
If a company takes money from the government knowing what strings are attached, then they should accept the strings.

However, if the government gives them money and then, after they've done it, say "oh, yeah, here are the strings we didn't tell you about," that's a different argument. Especially if it's months later and there's no feasible way to return the money.
 
Indy said:
Truth be told, yes, I did miss that part. Now, what exactly is the problem with them giving back the money? If they don't need it, why not give it back? If they do, then deal with the pay limits.
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Because the government wanted them to take the money. If banks don't take the money, then that defeats the entire purpose of the stimulus.
 
RightinNYC said:
The fact that you think this even resembles a logical argument is incredibly depressing.
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Please, like your side never throws out ridiculous arguments.

Honestly, I just threw those pics out there to mess with ya.
 
RightinNYC said:
Because the government wanted them to take the money. If banks don't take the money, then that defeats the entire purpose of the stimulus.
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Then they give the money back, no harm no foul. What is with all the bitching? Did the government say they can't give the money back? No. So the government isn't forcing them to do a damn thing.
 
Indy said:
Then they give the money back, no harm no foul. What is with all the bitching? Did the government say they can't give the money back? No. So the government isn't forcing them to do a damn thing.
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The point is that the government has a vested interest in getting these banks to take the money. If they then turn around and start demonizing and ****ting on the banks like Obama has, then the banks will do what they're doing and give the money back. End result? We're worse off than we were before.
 

What vested interest? To free up lending, gee that worked well didn't it? :roll:

Look, we can toss this about back and forth all day long but, at the end of the day, he who lends the money calls the shots. Don't want the rules don't take the money. If these companies were doing just fine without the money and the government "begged" them to take it, well they shouldn't have any problem giving it back then now will they? They didn't increase lending when it was given to them so I see no down side of them giving it back since it clearly wasn't used for its intended purpose.
 
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