Obama spanks Wall Street.

sugarpop · 02-04-2009, 10:22 AM

spanks 'em HARD.

by the Gods I love that man!

TheMercenary · 02-04-2009, 10:27 AM

It remains to be seen what if any changes he will get past the lobbyists.

xoxoxoBruce · 02-04-2009, 10:29 AM

Careful Merc, you're negativity is slipping... that post was almost neutral.

TheMercenary · 02-04-2009, 10:33 AM

check your pm

xoxoxoBruce · 02-04-2009, 10:39 AM

Quote:

Originally Posted by TheMercenary

check your pm

[Google] Do you mean, Check your PMS? [/Google]
PM, I got no PM, I don't need no stinkin PM.

TheMercenary · 02-04-2009, 10:45 AM

Quote:

Originally Posted by xoxoxoBruce

[Google] Do you mean, Check your PMS? [/Google]
PM, I got no PM, I don't need no stinkin PM.

Sorry that was to sugar.

classicman · 02-04-2009, 12:56 PM

Quote:

Originally Posted by sugarpop

spanks 'em HARD.
I love that man!

Exactly what are you referring to here? Please share.

Clodfobble · 02-04-2009, 01:39 PM

The executive salary caps (basically no more than $500,000 for any company accepting government money, but there are a few more details,) and the moderately scathing speech that went along with the announcement.

Pie · 02-04-2009, 03:39 PM

Salary caps are a drop in the proverbial bucket. "Feel-good", arguably necessary (to change the culture of W.S.) but they are not going to change the economic dynamic directly.

Shawnee123 · 02-04-2009, 03:57 PM

Absolutely, but in this culture of waiting around like spiders for any sign that Obama isn't following his promises of accountability to the nth degree, this is a huge step in the right direction. I would think that most non-supporters, even, can say "well, that was all right."

classicman · 02-04-2009, 06:09 PM

Quote:

Under Obama's plan, companies that want to pay their executives more than $500,000 will have to do so through stocks that cannot be sold until the companies pay back the money they borrow from the government.

*Bold mine* I love that part - yep you can make a million or 10, but it only good if you perform and the stock value of the company rises. AWESOME - Oh and you can't sell them until AFTER the company pays back what it already borrowed. I like this.

TGRR · 02-04-2009, 06:49 PM

Quote:

Originally Posted by classicman

*Bold mine* I love that part - yep you can make a million or 10, but it only good if you perform and the stock value of the company rises. AWESOME - Oh and you can't sell them until AFTER the company pays back what it already borrowed. I like this.

There's gonna be a loophole in there that you could drive a truck through. I can feel it in my cynical, misanthropic testicles.

classicman · 02-04-2009, 07:21 PM

I'm afraid you may be right, but I'm still hopeful. Its better than nothing, which is pretty much what we had.

footfootfoot · 02-04-2009, 07:27 PM

Sounds like a corporate version of "workfare."

TGRR · 02-04-2009, 07:56 PM

Quote:

Originally Posted by footfootfoot

Sounds like a corporate version of "workfare."

No, the whole bailout sounds like "A big fucking gift to fat greedy bastards".

No actual work is required or even encouraged.

02-04-2009, 10:22 AM	#1
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	Obama spanks Wall Street. spanks 'em HARD. by the Gods I love that man!

02-04-2009, 10:27 AM	#2
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	It remains to be seen what if any changes he will get past the lobbyists. __________________ Anyone but the this most fuked up President in History in 2012!

02-04-2009, 10:29 AM	#3
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Careful Merc, you're negativity is slipping... that post was almost neutral. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

02-04-2009, 10:33 AM	#4
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	check your pm __________________ Anyone but the this most fuked up President in History in 2012!

02-04-2009, 01:39 PM	#8
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	The executive salary caps (basically no more than $500,000 for any company accepting government money, but there are a few more details,) and the moderately scathing speech that went along with the announcement. __________________ My book My other book My spirit animal

02-04-2009, 03:39 PM	#9
Pie Gone and done Join Date: Sep 2001 Posts: 4,808	Salary caps are a drop in the proverbial bucket. "Feel-good", arguably necessary (to change the culture of W.S.) but they are not going to change the economic dynamic directly. __________________ per·son \ˈpər-sən\ (noun) - an ephemeral collection of small, irrational decisions The fun thing about evolution (and science in general) is that it happens whether you believe in it or not. Last edited by Pie; 02-04-2009 at 03:40 PM. Reason: to unsplit my infinitive

02-04-2009, 03:57 PM	#10
Shawnee123 Why, you're a regular Alfred E Einstein, ain't ya? Join Date: Jun 2006 Posts: 21,206	Absolutely, but in this culture of waiting around like spiders for any sign that Obama isn't following his promises of accountability to the nth degree, this is a huge step in the right direction. I would think that most non-supporters, even, can say "well, that was all right." __________________ A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby

02-04-2009, 07:21 PM	#13
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	I'm afraid you may be right, but I'm still hopeful. Its better than nothing, which is pretty much what we had. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

02-04-2009, 07:27 PM	#14
footfootfoot To shreds, you say? Join Date: Aug 2004 Location: in the house and on the street-how many, many feet we meet! Posts: 18,449	Sounds like a corporate version of "workfare." __________________ The internet is a hateful stew of vomit you can never take completely seriously. - Her Fobs

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