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Posted on 05/13/2009 5:22:20 AM PDT by GreatDaggar
WASHINGTON -- The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.
The initiative, which is in its early stages, is part of an ambitious and likely controversial effort to broadly address the way financial companies pay employees and executives, including an attempt to more closely align pay with long-term performance.
Administration and regulatory officials are looking at various options, including using the Federal Reserve's supervisory powers, the power of the Securities and Exchange Commission and moral suasion. Officials are also looking at what could be done legislatively.
(Excerpt) Read more at online.wsj.com ...
wage controls
CHANGE iberals can believe in...
Oh boy. And the hits just keep on coming.
It’s too bad our president doesn’t understand nor support capitalism.
That would be a big help.
And it’s only May, 2009.
Oy.
This admin is rapidly moving past socialism into facism. Where do I enlist in the Continental Army?
*snicker*
First Wages then Prices then Production then . . . “Let them eat Arugula, Wagyu Beef, and Pizza from San Francisco.”
NO! Really? Who would have ever thought....?
This heavy handed Venezuela type of government action is astounding.
As I have wondered before; will we do anything about?
Will people even lift their hand to express alarm to their Congressional representatives.
I’d like to thank all the banks that demanded bailout money for making this idea even politically possible. If the financial sector hadn’t been sucking on the taxpayer teat, something like this would never have a chance of passing.
The American people should be very scared right about now..... but they won’t be. They are totally oblivious to which is really going on here. When they wake up from their stupor, it will be too late. More tea parties needed now - massive ones.
As in right to the very bottom?
.
It should be clear to all by now that the “Change” — into which most voters projected their own pet interests — will be nothing more than the chains and shackles of Socialism.
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Complete list of Obama's activities at www.nachumlist.com
Control. The Liberal drug of choice.
The type of understatement only a liberal can come up with.
You will be notified when the time is right.
Good.
Couldn't happen to a more deserving bunch of ignoramus's.
Too bad the zerO hadn't started the "demolition" with the financial sector first instead of lazily [read: stealthily] getting around to it, now.
Whatever's left of the financial sector's emaciated muscles had better learn to flex again, just as they used to in the "good ol' days".
That or they & their glory (salaries) are fini.
IF they can still flex, a'tall, they'd better damned well start *now* in preparation for 2010.
why stop at the bank industry? regulate everyones wages, this is America, you make what the government tells you!
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