http://bit.ly/RQjDg - - - Got that? Three different groups will have oversight over compensation: The SEC, the Federal Reserve and the President's Working Group on Financial Markets. There are enough pressure points here, between these three groups, that waterboarding will look like a fun experience in comparison for any exec who even thinks about stepping out of line.
Keep in mind, even before these regulations are enacted, the government has Wells Fargo swinging in the wind. As best I can tell, the infraction that resulted in Wells Fargo not being able to pay back TARP money when 10 other banks managed to, is that Wells Fargo chairman Richard Kovacevich had the gumption to bid for Wachovia Bank when the government wanted to hand the bank to Citigroup, essentially for free, and then Kovacevich called the asinine stress tests, just that, asinine. Now that the government is moving in to control the financial sector, the rest of the economy will be a lay up. Money controls the economy and Barack Obama is about to take over the money infrastructure. Money is going to end up going to some very funny places. Mostly to people who control lots of votes in the next presidential election, and to those who finance such election campaigns. In other words, the connected. In the first group, we are talking unions, in the second group we are talking about Goldman Sachs, Carlyle Group and the like. When this is all over, the United States of Obama is not going to look anything like the America we now know. Think Cuba, think North Korea, that's how all dictatorships end up. I am not optimistic. - - - This is what has become of our once free republic. A real tragedy. America bought into 5 years of slick crisis-mongering, before a real government-induced crisis finally happened---wouldn't ya know it? Just in time for an election, with gas going up up up until the election was over then the snapped back down down down, and I won't even mention curious events of 9/18/2008, when computerized trading siphoned $570 billion dollars from US money markets in a couple hours, triggering the first TARP panic reaction ---and now the very people who orchestrated that are pounding the final nails in the coffin of our way of life with an endless stream of Crisis-R-Us as an excuse to take control of every aspect of our lives. It's sick. - Bob _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
