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	<title>Comments on: Obama To Cut Bank CEOs Pay Up To 90%</title>
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	<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90</link>
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		<title>By: U NO HOO</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164533</link>
		<dc:creator>U NO HOO</dc:creator>
		<pubDate>Thu, 22 Oct 2009 21:22:16 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164533</guid>
		<description>What do those Wall Street guys actually do to earn those bonuses?

Do they have to give the company money if the company loses money?

Or what?</description>
		<content:encoded><![CDATA[<p>What do those Wall Street guys actually do to earn those bonuses?</p>
<p>Do they have to give the company money if the company loses money?</p>
<p>Or what?</p>
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		<title>By: Reality Bytes</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164528</link>
		<dc:creator>Reality Bytes</dc:creator>
		<pubDate>Thu, 22 Oct 2009 20:13:29 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164528</guid>
		<description>Lock n Load</description>
		<content:encoded><![CDATA[<p>Lock n Load</p>
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		<title>By: Right of the People</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164520</link>
		<dc:creator>Right of the People</dc:creator>
		<pubDate>Thu, 22 Oct 2009 19:54:28 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164520</guid>
		<description>&quot;Nevertheless, just imagine how well the war against the terrorists would go if Mr. Obama would be as tough on the Taliban and Al Qaeda as he is on law abiding American executives.&quot;

Steve, The Taliban and Al Qaeda have never been the enemy in The Won&#039;s™ mind whereas money-grubbing capitalists always have been.</description>
		<content:encoded><![CDATA[<p>&#8220;Nevertheless, just imagine how well the war against the terrorists would go if Mr. Obama would be as tough on the Taliban and Al Qaeda as he is on law abiding American executives.&#8221;</p>
<p>Steve, The Taliban and Al Qaeda have never been the enemy in The Won&#8217;s™ mind whereas money-grubbing capitalists always have been.</p>
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		<title>By: BannedbytheTaliban</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164516</link>
		<dc:creator>BannedbytheTaliban</dc:creator>
		<pubDate>Thu, 22 Oct 2009 19:39:40 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164516</guid>
		<description>Night of the long knives coming soon to a town near you...</description>
		<content:encoded><![CDATA[<p>Night of the long knives coming soon to a town near you&#8230;</p>
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		<title>By: Reality Bytes</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164515</link>
		<dc:creator>Reality Bytes</dc:creator>
		<pubDate>Thu, 22 Oct 2009 19:37:27 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164515</guid>
		<description>&quot;Hey! I&#039;m the only one standing between you &amp; the pitch forks!&quot; 

- Barack Hussein Obama Hmmm, Hmmm, Hmmm

Why don&#039;t they just drag them out of their houses too, maybe take some of their stuff they bought with that money, huh? Yeah!

Can Kristallnacht be far behind?

And to think, these are the same people that supported this guy!</description>
		<content:encoded><![CDATA[<p>&#8220;Hey! I&#8217;m the only one standing between you &amp; the pitch forks!&#8221; </p>
<p>- Barack Hussein Obama Hmmm, Hmmm, Hmmm</p>
<p>Why don&#8217;t they just drag them out of their houses too, maybe take some of their stuff they bought with that money, huh? Yeah!</p>
<p>Can Kristallnacht be far behind?</p>
<p>And to think, these are the same people that supported this guy!</p>
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		<title>By: artboyusa</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164503</link>
		<dc:creator>artboyusa</dc:creator>
		<pubDate>Thu, 22 Oct 2009 15:52:27 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164503</guid>
		<description>Except that Fascist economies were economically successful.</description>
		<content:encoded><![CDATA[<p>Except that Fascist economies were economically successful.</p>
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		<title>By: haljett</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164501</link>
		<dc:creator>haljett</dc:creator>
		<pubDate>Thu, 22 Oct 2009 15:36:44 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164501</guid>
		<description>And thus the continued failure of the US economy and government continues. It amazing to watch. Scratch that. It&#039;s scary.

It&#039;s hard not to look at any of this anymore and not think of Fascism.</description>
		<content:encoded><![CDATA[<p>And thus the continued failure of the US economy and government continues. It amazing to watch. Scratch that. It&#8217;s scary.</p>
<p>It&#8217;s hard not to look at any of this anymore and not think of Fascism.</p>
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		<title>By: proreason</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164498</link>
		<dc:creator>proreason</dc:creator>
		<pubDate>Thu, 22 Oct 2009 15:27:39 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164498</guid>
		<description>It&#039;s hard to be sympathetic to Wall Street Executive, but let&#039;s remember 2 things:

1.  The economic crisis is 100% the fault of the US government, and is highly likely to have been triggered by Wealthy uber-liberals like Soros and Goldman-Sachs executives to get a communist elected to the POTUS.
2.  The government has no right to meddle in private business.  Period.   That is the biggest step toward fascism and loss of freedom for every citizen.  And the Moron has crossed that line in spades.  He is the most dangerous person this country has ever produced.

Cutting the pay of Wall Street execs is that same thing as cutting the pay of engineers 1 year after a bridge collapsed because the government dictated the use of inferior materials so that a minority business could get rich.</description>
		<content:encoded><![CDATA[<p>It&#8217;s hard to be sympathetic to Wall Street Executive, but let&#8217;s remember 2 things:</p>
<p>1.  The economic crisis is 100% the fault of the US government, and is highly likely to have been triggered by Wealthy uber-liberals like Soros and Goldman-Sachs executives to get a communist elected to the POTUS.<br />
2.  The government has no right to meddle in private business.  Period.   That is the biggest step toward fascism and loss of freedom for every citizen.  And the Moron has crossed that line in spades.  He is the most dangerous person this country has ever produced.</p>
<p>Cutting the pay of Wall Street execs is that same thing as cutting the pay of engineers 1 year after a bridge collapsed because the government dictated the use of inferior materials so that a minority business could get rich.</p>
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		<title>By: Laree</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164496</link>
		<dc:creator>Laree</dc:creator>
		<pubDate>Thu, 22 Oct 2009 15:00:10 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164496</guid>
		<description>The People&#039;s Cube, Obama&#039;s War on Fox News Becomes A Quagmire GRIN.

http://youhavetobethistalltogoonthisride.blogspot.com/2009/10/peoples-cube-obamas-war-on-fox-news.html</description>
		<content:encoded><![CDATA[<p>The People&#8217;s Cube, Obama&#8217;s War on Fox News Becomes A Quagmire GRIN.</p>
<p><a href="http://youhavetobethistalltogoonthisride.blogspot.com/2009/10/peoples-cube-obamas-war-on-fox-news.html" rel="nofollow">http://youhavetobethistalltogo.....-news.html</a></p>
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		<title>By: Rusty Shackleford</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164495</link>
		<dc:creator>Rusty Shackleford</dc:creator>
		<pubDate>Thu, 22 Oct 2009 14:53:11 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164495</guid>
		<description>A thought piece on &quot;czars&quot; in Common Conservative:  http://www.commonconservative.com/clark-packard/clark-packard090109.shtml</description>
		<content:encoded><![CDATA[<p>A thought piece on &#8220;czars&#8221; in Common Conservative:  <a href="http://www.commonconservative.com/clark-packard/clark-packard090109.shtml" rel="nofollow">http://www.commonconservative......0109.shtml</a></p>
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		<title>By: Rusty Shackleford</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164494</link>
		<dc:creator>Rusty Shackleford</dc:creator>
		<pubDate>Thu, 22 Oct 2009 14:47:45 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164494</guid>
		<description>And the Point/Counterpoint point:

From Bloomberg:

&lt;blockquote&gt; &lt;b&gt;Wall Street Pay Cuts Stoke Debate About Washington’s Reach&lt;/b&gt;

http://news.yahoo.com/s/bloomberg/20091022/pl_bloomberg/anpmucvjcdis;_ylc=X3oDMTI1NzZyc3Q3BFJfYWlkAwRSX2RtbgN5YWhvby5jb20EUl9maWQDYmRhMGMzMzU0NTFiYmY2YjY0Y2Q0MWRlYjBiYWRlNDYEUl9sdHADMQ--

  Julianna Goldman, Ian Katz and Robert Schmidt Julianna Goldman, Ian Katz And Robert Schmidt   – Thu Oct 22, 12:01 am ET

Oct. 22 (Bloomberg) -- The Obama administration slammed Wall Street by ordering pay cuts of an average of 50 percent and caps on benefits for top executives at companies owing the government billions of dollars from taxpayer-funded bailouts.

The news triggered debate about the government’s reach into private industry, whether pay reductions would spread to other companies and if a talent drain from U.S. firms would ensue. Others cheered the move.

“I don’t think there will be any charity cases on Wall Street,” said Representative Barney Frank, 69, a Democrat from Massachusetts and chairman of the House Financial Services Committee in a telephone interview. “This is a very good thing.”

Executives at seven companies including New York-based Citigroup Inc. and Charlotte, North Carolina-based Bank of America Corp. will have their pay cut by an average of 50 percent after months of negotiations with Kenneth R. Feinberg, 63, the U.S. special master on compensation, according to people familiar with the matter.

The cash portion of salaries for the 25 highest-paid employees will be slashed 90 percent under Feinberg’s review, which will be released as early as today, according to one person familiar with the talks. Some cash will be replaced by shares that employees will be restricted from selling immediately, another person said.

‘Slam Dunk’

The administration, mindful of popular anger over Wall Street bonuses and risk taking that sparked the worst financial crisis in seven decades, responded favorably to Feinberg’s work. &lt;b&gt;“The president put Ken Feinberg in place in order to be an advocate for taxpayers and it appears that Feinberg is doing what the president put him in place to do,”&lt;/b&gt; said Bill Burton, a White House spokesman.

Some compensation experts said that the moves would drive talent out of U.S. financial institutions when their expertise was most needed.

&lt;b&gt;“The government is acting like the owner they are, and they’re a pretty ticked-off owner,” said Steven Hall, managing director of New York-based compensation consultant Steven Hall &amp; Partners LLC. “The fear is, will this make people throw up their hands and say, ‘I have to leave’?” &lt;/b&gt;&lt;/blockquote&gt;

Indeed, they are.  Hello darkness, my old friend.  

Remember, also, that Herr Feinberg, the &quot;pay czar&quot; has never been vetted and has no specific authority to do this, other than Obama told him to.  

The Constitution has been ignored and thus, Obama is categorically a criminal.  Yet not one single republican will lift a finger to cry foul.   I guess the neutering of our government representation is complete.  Perhaps they fear skeletons in their own closets...or have no stomach for a fight or both.  

I don&#039;t care.  Our government is terribly and horribly broken.  The only rule is that there are no rules anymore.  Unless you ARE a republican and then the whiners and race-baiters will cry if you tell them they lie.</description>
		<content:encoded><![CDATA[<p>And the Point/Counterpoint point:</p>
<p>From Bloomberg:</p>
<blockquote><p> <b>Wall Street Pay Cuts Stoke Debate About Washington’s Reach</b></p>
<p><a href="http://news.yahoo.com/s/bloomberg/20091022/pl_bloomberg/anpmucvjcdis;_ylc=X3oDMTI1NzZyc3Q3BFJfYWlkAwRSX2RtbgN5YWhvby5jb20EUl9maWQDYmRhMGMzMzU0NTFiYmY2YjY0Y2Q0MWRlYjBiYWRlNDYEUl9sdHADMQ--" rel="nofollow">http://news.yahoo.com/s/bloomb.....DMQ&#8211;</a></p>
<p>  Julianna Goldman, Ian Katz and Robert Schmidt Julianna Goldman, Ian Katz And Robert Schmidt   – Thu Oct 22, 12:01 am ET</p>
<p>Oct. 22 (Bloomberg) &#8212; The Obama administration slammed Wall Street by ordering pay cuts of an average of 50 percent and caps on benefits for top executives at companies owing the government billions of dollars from taxpayer-funded bailouts.</p>
<p>The news triggered debate about the government’s reach into private industry, whether pay reductions would spread to other companies and if a talent drain from U.S. firms would ensue. Others cheered the move.</p>
<p>“I don’t think there will be any charity cases on Wall Street,” said Representative Barney Frank, 69, a Democrat from Massachusetts and chairman of the House Financial Services Committee in a telephone interview. “This is a very good thing.”</p>
<p>Executives at seven companies including New York-based Citigroup Inc. and Charlotte, North Carolina-based Bank of America Corp. will have their pay cut by an average of 50 percent after months of negotiations with Kenneth R. Feinberg, 63, the U.S. special master on compensation, according to people familiar with the matter.</p>
<p>The cash portion of salaries for the 25 highest-paid employees will be slashed 90 percent under Feinberg’s review, which will be released as early as today, according to one person familiar with the talks. Some cash will be replaced by shares that employees will be restricted from selling immediately, another person said.</p>
<p>‘Slam Dunk’</p>
<p>The administration, mindful of popular anger over Wall Street bonuses and risk taking that sparked the worst financial crisis in seven decades, responded favorably to Feinberg’s work. <b>“The president put Ken Feinberg in place in order to be an advocate for taxpayers and it appears that Feinberg is doing what the president put him in place to do,”</b> said Bill Burton, a White House spokesman.</p>
<p>Some compensation experts said that the moves would drive talent out of U.S. financial institutions when their expertise was most needed.</p>
<p><b>“The government is acting like the owner they are, and they’re a pretty ticked-off owner,” said Steven Hall, managing director of New York-based compensation consultant Steven Hall &amp; Partners LLC. “The fear is, will this make people throw up their hands and say, ‘I have to leave’?” </b></p></blockquote>
<p>Indeed, they are.  Hello darkness, my old friend.  </p>
<p>Remember, also, that Herr Feinberg, the &#8220;pay czar&#8221; has never been vetted and has no specific authority to do this, other than Obama told him to.  </p>
<p>The Constitution has been ignored and thus, Obama is categorically a criminal.  Yet not one single republican will lift a finger to cry foul.   I guess the neutering of our government representation is complete.  Perhaps they fear skeletons in their own closets&#8230;or have no stomach for a fight or both.  </p>
<p>I don&#8217;t care.  Our government is terribly and horribly broken.  The only rule is that there are no rules anymore.  Unless you ARE a republican and then the whiners and race-baiters will cry if you tell them they lie.</p>
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		<title>By: BannedbytheTaliban</title>
		<link>http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164492</link>
		<dc:creator>BannedbytheTaliban</dc:creator>
		<pubDate>Thu, 22 Oct 2009 14:38:05 +0000</pubDate>
		<guid isPermaLink="false">http://sweetness-light.com/archive/obama-to-slash-bank-ceos-pay-90#comment-164492</guid>
		<description>the Obama plan to &quot;fix&quot; the economy:

1. Cut executive pay to levels so low everybody quits.
2. Maintain low pay so nobody wants to take the job.
3. Install government cornies to run said companies because of crisis.
4. Complete nationalization of another company.</description>
		<content:encoded><![CDATA[<p>the Obama plan to &#8220;fix&#8221; the economy:</p>
<p>1. Cut executive pay to levels so low everybody quits.<br />
2. Maintain low pay so nobody wants to take the job.<br />
3. Install government cornies to run said companies because of crisis.<br />
4. Complete nationalization of another company.</p>
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