Comments on: Cuomo, Frank To Control Wall Street Pay http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay Mon, 13 Feb 2012 03:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MinnesotaRush http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138549 MinnesotaRush Sat, 14 Mar 2009 02:40:03 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138549 pdsand .. right on!!! I personally like the idea that says these birdbrains should make no more than the average income in the US. They can share in the costs of their benefit package like us all. And absolutely NO retirement packages - they shouldn't be there for life. In line with that, we have to build barriers (inpenetrable barriers) to keep this "funny money" from filtering its' way into politicians bank accounts (or freezers). Start prosecuting the folks who involve themselves in graft, corruption, bribery, etc, .. on BOTH sides of the fence .. the payors AND payees!!! Somehow .. we need to again instill an attitude and committment to public service and not self service. The best way I know how to begin accomplishing that would be to start with "following the money". Bring some clarity and balance into that and we might be able to progress. Things might be a little different if we could again have folks in DC who want to SERVE the country and then go back home versus folks who want to make it a career and sell their power and influence (and grab everything they can however they can). Many of our past leaders seemed to approach the job with a great spirit of humility and service. We've had that replaced with arrogance and self-serving behaviors coupled with a notion of "We won" attitudes. We'll govern! We'll rule! We'll say! I won't put up with that! I'll make ___________! It is time for a lot of "reform". pdsand .. right on!!! I personally like the idea that says these birdbrains should make no more than the average income in the US. They can share in the costs of their benefit package like us all. And absolutely NO retirement packages – they shouldn’t be there for life.

In line with that, we have to build barriers (inpenetrable barriers) to keep this “funny money” from filtering its’ way into politicians bank accounts (or freezers). Start prosecuting the folks who involve themselves in graft, corruption, bribery, etc, .. on BOTH sides of the fence .. the payors AND payees!!!

Somehow .. we need to again instill an attitude and committment to public service and not self service. The best way I know how to begin accomplishing that would be to start with “following the money”. Bring some clarity and balance into that and we might be able to progress.

Things might be a little different if we could again have folks in DC who want to SERVE the country and then go back home versus folks who want to make it a career and sell their power and influence (and grab everything they can however they can).

Many of our past leaders seemed to approach the job with a great spirit of humility and service. We’ve had that replaced with arrogance and self-serving behaviors coupled with a notion of “We won” attitudes. We’ll govern! We’ll rule! We’ll say! I won’t put up with that! I’ll make ___________!

It is time for a lot of “reform”.

]]> By: Liberals Demise http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138520 Liberals Demise Fri, 13 Mar 2009 23:59:59 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138520 We now have the foxes eating the chickens in the henhouse and it's the dogs' fault!! If we switch to silver bullets....will it drop the foxes? We now have the foxes eating the chickens in the henhouse and it’s the dogs’ fault!!
If we switch to silver bullets….will it drop the foxes?

]]> By: proreason http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138477 proreason Fri, 13 Mar 2009 16:38:48 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138477 "The ‘Democrats’ are a mafia who, like the Communists" Exactly. It has little to do with Socialism or Wealth Spreading. Those are the weapons they use. But the purpose is theft for their own uses. Pure and simple. Remember that and you can explain everything that is happening right now. “The ‘Democrats’ are a mafia who, like the Communists”

Exactly.

It has little to do with Socialism or Wealth Spreading. Those are the weapons they use. But the purpose is theft for their own uses. Pure and simple.

Remember that and you can explain everything that is happening right now.

]]> By: pdsand http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138461 pdsand Fri, 13 Mar 2009 15:43:59 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138461 How about compensation reform for members of Congress? How about compensation reform for members of Congress?

]]> By: pdsand http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138459 pdsand Fri, 13 Mar 2009 15:30:18 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138459 To say nothing of the fact the officers of a corporation are still essentially the hired help of the shareholders, whose ownership makes THEM financially vulnerable to the performance of the company. I don't suppose I need to explain corporate governance to anyone here, but as usual, Frank has it twisted and is attempting to distort everything in the name of class warfare. To say nothing of the fact the officers of a corporation are still essentially the hired help of the shareholders, whose ownership makes THEM financially vulnerable to the performance of the company. I don’t suppose I need to explain corporate governance to anyone here, but as usual, Frank has it twisted and is attempting to distort everything in the name of class warfare.

]]> By: 12 Gauge Rage http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138454 12 Gauge Rage Fri, 13 Mar 2009 15:10:42 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138454 More big government control. Typical. If they insist upon controlling how much the big dogs make, whose to say they won't start looking elsewhere to people of average means? These people are like Prince John in the days of Robin Hood. If they so much as hear coins jingling in the peasants' purse they seize it and leave them with nothing. I swear, I sometimes think these corrupt, controlling bastards would steal the shiny pennies out of a dead mans' loafers. More big government control. Typical. If they insist upon controlling how much the big dogs make, whose to say they won’t start looking elsewhere to people of average means? These people are like Prince John in the days of Robin Hood. If they so much as hear coins jingling in the peasants’ purse they seize it and leave them with nothing. I swear, I sometimes think these corrupt, controlling bastards would steal the shiny pennies out of a dead mans’ loafers.

]]> By: Yarddog1 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138446 Yarddog1 Fri, 13 Mar 2009 14:49:42 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138446 Has anyone ever noticed that if you put a turtleneck on Barney Fwaank that he would look like a busted condom? Has anyone ever noticed that if you put a turtleneck on Barney Fwaank that he would look like a busted condom?

]]> By: GetBackJack http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138443 GetBackJack Fri, 13 Mar 2009 14:45:36 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138443 Andrew Cuomo. Operated HUD for S.P.E.C.T.R.E., I mean the Democrats. HUD is singularly the most powerful money-laundering operation in the world. You'll have to do some research to get that, but you can start by asking Andrew Cuomo about HUD's missing $59 Billion. Fifty Nine Billion. Never explained. Never audited. Never recovered. http://findarticles.com/p/articles/mi_m1571/is_41_16/ai_72328754 The story with Cuomo can best be understood by reading Catherine Austin Fitts' superb reporting on HOW THE MONEY WORKS AT HARVARD. Fitts, for those who don't know, was the first woman on the senior board of Dillon Reed, and rather than a nod to Feminazi politics, Fitts earned her seat. She was hand picked by Jack Kemp to undertake a forensic audit of select government agencies and their financial practices and she succeeded in uncovering the truth, and now she lives in fear for her life in a valley in Tennessee surrounded by her male kin, who are armed ay all times. http://www.newsmakingnews.com/lmharvardpart1.htm http://www.newsmakingnews.com/lmharvardpart2.htm http://www.newsmakingnews.com/lmharvardpart3.htm You Must Come To Grips With The Truth. The 'Democrats' are a mafia who, like the Communists, understood to wrap themselves in the mufti of political ideology in order to operate openly. They are a gang of vampires living off the body of America. Andrew Cuomo. Operated HUD for S.P.E.C.T.R.E., I mean the Democrats. HUD is singularly the most powerful money-laundering operation in the world. You’ll have to do some research to get that, but you can start by asking Andrew Cuomo about HUD’s missing $59 Billion. Fifty Nine Billion. Never explained. Never audited. Never recovered.

http://findarticles.com/p/arti.....i_72328754

The story with Cuomo can best be understood by reading Catherine Austin Fitts’ superb reporting on HOW THE MONEY WORKS AT HARVARD. Fitts, for those who don’t know, was the first woman on the senior board of Dillon Reed, and rather than a nod to Feminazi politics, Fitts earned her seat. She was hand picked by Jack Kemp to undertake a forensic audit of select government agencies and their financial practices and she succeeded in uncovering the truth, and now she lives in fear for her life in a valley in Tennessee surrounded by her male kin, who are armed ay all times.

http://www.newsmakingnews.com/lmharvardpart1.htm
http://www.newsmakingnews.com/lmharvardpart2.htm
http://www.newsmakingnews.com/lmharvardpart3.htm

You Must Come To Grips With The Truth. The ‘Democrats’ are a mafia who, like the Communists, understood to wrap themselves in the mufti of political ideology in order to operate openly. They are a gang of vampires living off the body of America.

]]> By: oldswimcoach http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138442 oldswimcoach Fri, 13 Mar 2009 14:22:49 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138442 And, I have to wonder. Were all congressmen and senators bullied in grade school and have a need to "get even", or is it just this current crop in the democratic leadership that has this problem? And, I have to wonder. Were all congressmen and senators bullied in grade school and have a need to “get even”, or is it just this current crop in the democratic leadership that has this problem?

]]> By: oldswimcoach http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138441 oldswimcoach Fri, 13 Mar 2009 14:20:07 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138441 On executive pay, the meddling of the political class has generated the problem they now seek to fix by limiting the tax deductability of CEO pay. That law generated the current method of pay plus stock options - which in theory ties performance to total compensation. Well, just a few years into it, and low and behold, executives with a fiduciary incentive to manipulate stock price for person gain/compensation are... manipulating stock prices for personal gain/compensation! The secondary effect, up until the Obama induced ression and stock market crash, has been significant increases in the income (via stock options) of large corporation CEOs. Who could have seen that coming! On executive pay, the meddling of the political class has generated the problem they now seek to fix by limiting the tax deductability of CEO pay. That law generated the current method of pay plus stock options – which in theory ties performance to total compensation. Well, just a few years into it, and low and behold, executives with a fiduciary incentive to manipulate stock price for person gain/compensation are… manipulating stock prices for personal gain/compensation!

The secondary effect, up until the Obama induced ression and stock market crash, has been significant increases in the income (via stock options) of large corporation CEOs.

Who could have seen that coming!

]]> By: BillK http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138430 BillK Fri, 13 Mar 2009 11:12:14 +0000 http://sweetness-light.com/archive/cuomo-frank-to-control-wall-street-pay#comment-138430 It's no longer a matter of just Wall Street firms that took TARP money - now <b>all</b> Wall Street compensation must be controlled. From the Wall Street Journal: <blockquote><b>Cuomo, Frank Seek to Link Executive Pay, Performance</b> By Susanne Craig New York State Attorney General Andrew Cuomo is in discussions with Rep. Barney Frank and other lawmakers on a plan to tie Wall Street pay to the long-term performance of the firms. Mr. Frank (D., Mass.), chairman of the House Financial Services Committee, and other prominent Democrats appear to back such a plan, though no legislation has been introduced. "We plan to put laws into effect, no question," said Mr. Frank. "We have to address this 'heads I win, tails I break even' issue." … http://online.wsj.com/article/SB123690181841413405.html</blockquote> God help us all. Yet: <blockquote>A person close to Mr. Cuomo said change is needed but the intent isn't to micromanage or interfere with the private sector. "We certainly need to understand the industry's perspective on the potential unintended consequences of compensation reform before we finalize these long overdue changes," the person said.</blockquote> He doesn't want to interfere with the private sector?!?! Too late, Mr. Cuomo… It’s no longer a matter of just Wall Street firms that took TARP money – now all Wall Street compensation must be controlled.

From the Wall Street Journal:

Cuomo, Frank Seek to Link Executive Pay, Performance

By Susanne Craig

New York State Attorney General Andrew Cuomo is in discussions with Rep. Barney Frank and other lawmakers on a plan to tie Wall Street pay to the long-term performance of the firms.

Mr. Frank (D., Mass.), chairman of the House Financial Services Committee, and other prominent Democrats appear to back such a plan, though no legislation has been introduced.

“We plan to put laws into effect, no question,” said Mr. Frank. “We have to address this ‘heads I win, tails I break even’ issue.” …

http://online.wsj.com/article/.....13405.html

God help us all.

Yet:

A person close to Mr. Cuomo said change is needed but the intent isn’t to micromanage or interfere with the private sector.

“We certainly need to understand the industry’s perspective on the potential unintended consequences of compensation reform before we finalize these long overdue changes,” the person said.

He doesn’t want to interfere with the private sector?!?!

Too late, Mr. Cuomo…

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