Comments on: Obama's Pay Restrictions Send Tough Message to Wall Street http://moneymorning.com/2009/02/05/executive-pay/ Global Investment News Mon, 13 Feb 2012 18:41:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Raj Aggarwala http://moneymorning.com/2009/02/05/executive-pay/comment-page-1/#comment-5181 Raj Aggarwala Fri, 13 Feb 2009 08:27:30 +0000 http://www.moneymorning.com/?p=4722#comment-5181 President Obama is going to get the pride of hard work in USA back and the world will see americans as hard working nation ondcde again like in the 50s and earlier. President Obama is going to get the pride of hard work in USA back and the world will see americans as hard working nation ondcde again like in the 50s and earlier.

]]> By: Is President Obama Creating a Better Banking System by Capping Executive Pay? http://moneymorning.com/2009/02/05/executive-pay/comment-page-1/#comment-5180 Is President Obama Creating a Better Banking System by Capping Executive Pay? Wed, 11 Feb 2009 10:30:41 +0000 http://www.moneymorning.com/?p=4722#comment-5180 [...] Money Morning: Obama’s Pay Restrictions Send Tough Message to Wall Street [...] [...] Money Morning: Obama's Pay Restrictions Send Tough Message to Wall Street [...]

]]> By: Alexander Scianna http://moneymorning.com/2009/02/05/executive-pay/comment-page-1/#comment-5178 Alexander Scianna Sat, 07 Feb 2009 01:52:18 +0000 http://www.moneymorning.com/?p=4722#comment-5178 Mr. President Obama... the word out amongst progressives is that your foreign policy is not any different that George Bush... you just do a shuffle... we voted for you to end the criminal activities of our US Foreign Policy ... are you really going to bomb more innocent people in Afghanistan and Pakistan? If so then you are a very kind face for Uncle Sam's dirty work.... Mr. President Obama… the word out amongst progressives is that your foreign policy is not any different that George Bush… you just do a shuffle… we voted for you to end the criminal activities of our US Foreign Policy … are you really going to bomb more innocent people in Afghanistan and Pakistan?
If so then you are a very kind face for Uncle Sam's dirty work….

]]> By: Craig Bradley http://moneymorning.com/2009/02/05/executive-pay/comment-page-1/#comment-5179 Craig Bradley Fri, 06 Feb 2009 00:53:45 +0000 http://www.moneymorning.com/?p=4722#comment-5179 Scare Tactics FDIC will still pay off insured depositors (up to the limit of $250,000 per account) in the event of additional bank failures, no matter what. In addition, SPIC will pay off investors in member firms that fail, up to the statutory limit of $500,000 per account/name, no matter what. Otherwise, nobody would entrust their financial assets with any organization and would instead squirrel it away in the mattress at home. I don't know anyone doing that right now. Sure, you could convert U.S. Dollars into foreign currencies to hedge your bets and diversify away from U.S. Dollars. However, If you reside in America and are a U.S. citizen, then you are pretty much obligated to transact in the coin of the realm, the almighty U.S. Dollar. If an auction fails, it could cause a panic and nobody would be safe in North America. So, if you believe in the worst case senario, as Mr. Adam Schiff appears to favor, then Scare Tactics

FDIC will still pay off insured depositors (up to the limit of $250,000 per account) in the event of additional bank failures, no matter what. In addition, SPIC will pay off investors in member firms that fail, up to the statutory limit of $500,000 per account/name, no matter what. Otherwise, nobody would entrust their financial assets with any organization and would instead squirrel it away in the mattress at home. I don't know anyone doing that right now.

Sure, you could convert U.S. Dollars into foreign currencies to hedge your bets and diversify away from U.S. Dollars. However, If you reside in America and are a U.S. citizen, then you are pretty much obligated to transact in the coin of the realm, the almighty U.S. Dollar. If an auction fails, it could cause a panic and nobody would be safe in North America.

So, if you believe in the worst case senario, as Mr. Adam Schiff appears to favor, then

]]> By: Wall Street's Bonus System Was a Major Financial Crisis Catalyst http://moneymorning.com/2009/02/05/executive-pay/comment-page-1/#comment-5177 Wall Street's Bonus System Was a Major Financial Crisis Catalyst Thu, 05 Feb 2009 18:34:29 +0000 http://www.moneymorning.com/?p=4722#comment-5177 [...] Just yesterday (Wednesday), in fact, President Obama announced a salary cap of $500,000 for top executives at companies that receive large amounts of bailout money, calling the step an expression of both fairness and “basic common sense.” [For a detailed report on this executive-payout salary cap posted elsewhere in today’s issue of Money Morning, please click here]. [...] [...] Just yesterday (Wednesday), in fact, President Obama announced a salary cap of $500,000 for top executives at companies that receive large amounts of bailout money, calling the step an expression of both fairness and “basic common sense.” [For a detailed report on this executive-payout salary cap posted elsewhere in today’s issue of Money Morning, please click here]. [...]

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