bosco Posted June 11, 2009 Share Posted June 11, 2009 this should get good. http://news.yahoo.com/s/ap/20090611/ap_on_re_us/us_obama_jeremiah_wright;_ylt=AsTNQTDiPr..OyEu7L3cLUYDW7oF Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
nemo Posted June 11, 2009 Share Posted June 11, 2009 Why would it? Half of AmeriKKKa didn't care about the rest of the shit he said. Nor the fact that Obama went to his church for 25+ years If you don't vote Trump, out, you're a bigot who hates america. Link to comment Share on other sites More sharing options...
Penguin Posted June 11, 2009 Share Posted June 11, 2009 No doubt the same Jews that have told the Obama to abandon Israel, kneel down like a bitch to the Saudi king, and look the other way while Iran builds a nuke. Wright is a nut ball. Link to comment Share on other sites More sharing options...
nemo Posted June 11, 2009 Share Posted June 11, 2009 No doubt the same Jews that have told the Obama to abandon Israel, kneel down like a bitch to the Saudi king, and look the other way while Iran builds a nuke. Wright is a nut ball. Yep. A nutball that our President confided in and used as a spiritual mentor for the past 25+ years If you don't vote Trump, out, you're a bigot who hates america. Link to comment Share on other sites More sharing options...
Jerboa113 Posted June 12, 2009 Share Posted June 12, 2009 25 years in the pews.. "The penalty good men pay for indifference to public affairs is to be ruled by evil men." - Plato Link to comment Share on other sites More sharing options...
Vimy101 Posted June 12, 2009 Share Posted June 12, 2009 Blago, Ryan, Wright, Jackson, Farakhan, Daly, Stoeger, Quinn, Burris, etc. Obama emerged as his own man and isn't that what one would want in a President? Link to comment Share on other sites More sharing options...
Jerboa113 Posted June 12, 2009 Share Posted June 12, 2009 http://finance.yahoo.com/news/Administration-Rein-in-pay-apf-15500519.html?.v=6 Administration, Congress seek to rein in exec pay Democrats pushing administration to do more to rein in excessive corporate pay, bonuses WASHINGTON (AP) -- The Obama administration struck a delicate balance on executive pay Thursday, blaming flawed compensation packages for encouraging disastrous risk-taking but insisting it doesn't want to dictate how corporations reward their top people. Gene Sperling, a top counselor to Treasury Secretary Timothy Geithner, conceded to a congressional committee that imposing compensation caps on companies could lead to a flight of talent. "I can say with certainty that nobody in the Obama administration is proposing such a thing," he said. Yet, at the same time, he and officials with the Federal Reserve and the Securities and Exchange Commission laid out a case for how payment structures rewarded short-term gains at the expense of long-term performance and contributed to the nation's financial crisis. The administration plans to seek legislation that would try to rein in compensation at publicly traded companies through nonbinding shareholder votes and by decreasing management influence on pay decisions. But some Democrats on the House Financial Services Committee said Thursday the administration's efforts to hector the private sector into reforming executive pay might not go far enough. "I do differ with the administration in that hope springs eternal and their position seems to be that if we strengthen the compensation committees we will do better," said the committee chairman, Rep. Barney Frank, D-Mass. Rep. Brad Sherman, D-Calif., said that shareholders' votes on pay should be made binding on boards of directors. Still, Frank made it clear he did not wish to impose pay caps. "We are not talking here about the amount. We are talking here about the structure of compensation," he said. "And I believe the structure of compensation has been flawed." While the administration has approached the issue too cautiously for many Democrats, a top Republican said its plans amounted to "incessant government intervention." "The president cannot continue his heavy-handed meddling in the private sector and expect it to function, much less flourish," said Rep. Tom Price of Georgia, chairman of the Republican Study Committee. Until now, the attention to executive pay has focused almost exclusively on companies that are receiving assistance under the $700 billion Troubled Asset Relief Program established last fall to address the financial crisis. With those firms, the administration has shown a greater willingness to restrict compensation. On Wednesday, it set bonus limits on companies that receive TARP assistance, with the toughest restrictions aimed at seven recipients of "exceptional assistance." They are Citigroup Inc., Bank of America Corp., General Motors Corp., Chrysler LLC, American International Group Inc., GMAC LLC and Chrysler Financial. The regulations followed requirements set by Congress earlier this year when it passed the $787 billion economic stimulus legislation. The regulations will limit top executives of companies that receive TARP funds to bonuses of no more than one-third of their annual salaries. But the administration also went beyond the steps mandated in the legislation. The administration named Kenneth Feinberg, a lawyer who oversaw payments to families of Sept. 11 victims, as a "special master" with power to reject pay plans he deems excessive at the seven companies with the biggest injections of public money. Feinberg also would have authority to review compensation for the top 100 salaried employees at those companies. But on Thursday Democrats and administration officials agreed that companies across the private sector need to adjust compensation practices to avoid damaging the economy. "We believe that compensation practices must be better aligned with long-term value and prudent risk management at all firms, and not just for the financial services industry," Sperling said. The Federal Reserve, meanwhile, is developing its own set of compensation guidelines for the banks that it oversees. The Fed already has standards for banks that declare that compensation that could lead to material financial losses is considered unsafe and unsound. But regulators are prohibited from using those standards to prescribe specific levels of pay. The SEC also is considering strengthening its rules, including one that would set new disclosure requirements for shareholders regarding conflicts of interest between compensation consultants and corporate management. Some firms are already adopting compensation practices that pay greater attention to long-term performance by extending bonuses over a period of time. "The industry has moved itself quite significantly toward cleaning up that act," said John Benson, CEO of eFinancialcareers.com, a career management firm for financial services professionals. "What the government is doing is putting a voice to that public mood." "you're a lunatic, hes not going to try to expand this program.. THIS IS ONLY FOR COMPANIES THAT RECEIVED BAILOUTS." sucks when you're wrong doesnt it? well.. it sucks when I'm right too. "The penalty good men pay for indifference to public affairs is to be ruled by evil men." - Plato Link to comment Share on other sites More sharing options...
nemo Posted June 12, 2009 Share Posted June 12, 2009 did you mean to make a new thread? plus i've posted about this before. If you don't vote Trump, out, you're a bigot who hates america. Link to comment Share on other sites More sharing options...
Jerboa113 Posted June 12, 2009 Share Posted June 12, 2009 yes, I've contacted bosco about moving it. I know you did, but I couldn't find it. "The penalty good men pay for indifference to public affairs is to be ruled by evil men." - Plato Link to comment Share on other sites More sharing options...
nemo Posted June 12, 2009 Share Posted June 12, 2009 haha you fail! If you don't vote Trump, out, you're a bigot who hates america. Link to comment Share on other sites More sharing options...
Jerboa113 Posted June 12, 2009 Share Posted June 12, 2009 yup. "The penalty good men pay for indifference to public affairs is to be ruled by evil men." - Plato Link to comment Share on other sites More sharing options...
nemo Posted June 12, 2009 Share Posted June 12, 2009 If you don't vote Trump, out, you're a bigot who hates america. Link to comment Share on other sites More sharing options...
KartRacerBoy Posted June 12, 2009 Share Posted June 12, 2009 I've no problem with limiting pay for bailed out companies while they're under govt control, but if Obama tries to extend it beyond that, he's an idiot. I've no proof, but given the horrible performance of these financial companies,their continuing policy to piss money out the door via ridculous pay, the failure of the shareholders to rein the lunacy in, I continue to conclude the reason must be good ole boy backroom business (ie, overlapping directorships). I've love to see a major study on whether this is true, and if it is, a law restricting the number of directorships any one individual can hold. Link to comment Share on other sites More sharing options...
Jerboa113 Posted June 12, 2009 Share Posted June 12, 2009 YOU HEARD IT HERE FIRST LADIES AND GENTLEMEN! krb.. the article (if bosco will please move it and these posts below it to their own thead) cited in the op (post 7 on the current thread. ) says thats EXACTLY what theyr'e trying to do.. extend the compensation "guidelines" to not just govt bailout (owned) companies, but to publically traded companies as well.. and eventually.. to all busines is my prediction.. this was my prediction prior to this annoucnement when they initially talked about salary caps at all and you didn't beleive me.. so GNAAAH but beyond my "I told you so" mini-rant up here.. I think you probably have a point KRB, there very may well be a lot of good ol boy handshaking going on at top levels in major corporations.. but the thing is... at the end of the day, they still have to compete with each other for sales to survive.. govt does not have to make a profit at the end of the day.. they can print money.. and are just as corrupt, if not far far more (imo) than corporate interests.. so how can they legitimately claim that this is in any way their business? Besides.. you and I and everyone else SHOULD know that it was not highly compensated directors that killed the companies.. it was fiscal absurdity as a whole, some (much imo) of which was govt influenced that brought them down.. the big wigs were just scapegoated because they were rich and didn't lose everything when the company fell. "The penalty good men pay for indifference to public affairs is to be ruled by evil men." - Plato Link to comment Share on other sites More sharing options...
KartRacerBoy Posted June 12, 2009 Share Posted June 12, 2009 I didn't believe the administration would try to extend the pay limits to all finance companies. It's stupid in the extreme. BTW, John Stewart had a better name than "Compensation Czar." Much better. The "Money Honey." Link to comment Share on other sites More sharing options...
Penguin Posted June 12, 2009 Share Posted June 12, 2009 Obama's an idiot. Fixed for you. In time you will agree completely. Link to comment Share on other sites More sharing options...
Vimy101 Posted June 12, 2009 Share Posted June 12, 2009 Fixed for you. In time you will agree completely. And Obama is smarter than the Penguin. Link to comment Share on other sites More sharing options...
fj1200 Posted June 12, 2009 Share Posted June 12, 2009 BTW, John Stewart had a better name than "Compensation Czar." Much better. The "Money Honey." John Stewart is behind the times, Maria Bartiromo is the Money Honey. Link to comment Share on other sites More sharing options...
Vimy101 Posted June 12, 2009 Share Posted June 12, 2009 ^ One of my fantacies is to explain Peak Oil to Maria and that red head they used to have (Liz?) while relaxing in the warm afterglow. Link to comment Share on other sites More sharing options...
KartRacerBoy Posted June 13, 2009 Share Posted June 13, 2009 John Stewart is behind the times, Maria Bartiromo is the Money Honey. Not to me. But I do like a few of the other ladies on that network. Shame on you for watching that leftist propoganda! Link to comment Share on other sites More sharing options...
Vimy101 Posted June 13, 2009 Share Posted June 13, 2009 ^ I like the brunette with the so-so face but the killer bod. She's an idiot righty but I'd still hit it. Link to comment Share on other sites More sharing options...
fj1200 Posted June 13, 2009 Share Posted June 13, 2009 Not to me. But I do like a few of the other ladies on that network. Shame on you for watching that leftist propoganda! You always chide for not watching "the other side" besides she was so christened back like 10+ years ago. Link to comment Share on other sites More sharing options...
KartRacerBoy Posted June 13, 2009 Share Posted June 13, 2009 You always chide for not watching "the other side" besides she was so christened back like 10+ years ago. You just can't win! Being on the internet is like being married. Link to comment Share on other sites More sharing options...
fj1200 Posted June 13, 2009 Share Posted June 13, 2009 You just can't win! Being on the internet is like being married. If we can get along there's hope for the Jews and the Arabs but we might need a two-state solution too. Link to comment Share on other sites More sharing options...
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