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-   -   Obama spanks Wall Street. (http://cellar.org/showthread.php?t=19459)

sugarpop 02-04-2009 10:22 AM

Obama spanks Wall Street.
 
spanks 'em HARD. :D

by the Gods I love that man! :celebrat:

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. :haha:

TheMercenary 02-04-2009 10:33 AM

check your pm

xoxoxoBruce 02-04-2009 10:39 AM

Quote:

Originally Posted by TheMercenary (Post 530479)
check your pm

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

TheMercenary 02-04-2009 10:45 AM

Quote:

Originally Posted by xoxoxoBruce (Post 530483)
[Google] Do you mean, Check your PMS? [/Google]
PM, I got no PM, I don't need no stinkin PM. :haha:

Sorry that was to sugar.

classicman 02-04-2009 12:56 PM

Quote:

Originally Posted by sugarpop (Post 530472)
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 (Post 530664)
*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 (Post 530687)
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.


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