Senate counter-offer on bailout

#26
#26
rjd970 said:
It was my understanding that capping executive pay would only be directed at companies who recieve the governement help.

Since when did the taxpayer pay professional ball players and actors?
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Tax payers certainly pay for plenty of the stadiums that professional ball players play in. Tax payers also pay for the rating system for movies (in effect, we the people pay for a group of people to watch movies all day and then rate them G through NC-17).
 
#28
#28
rjd970 said:
It was my understanding that capping executive pay would only be directed at companies who recieve the governement help.

Since when did the taxpayer pay professional ball players and actors?
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the gov't is buying these assets at a fair market value to create a floor. these companies don't neccasarily need to sell these assets. most probably don't. if you don't HAVE to sell these assets and the gov;t is saying that if you do sell the assets your pay goes down and hte govt takes an equity stake in your firm why in the world would you sell your assets to the govt? all the democrats are doing is ensuring this program won't create a floor in the mortgage market. you might as well not even bother passing the bill.
 
#29
#29
therealUT said:
Tax payers certainly pay for plenty of the stadiums that professional ball players play in. Tax payers also pay for the rating system for movies (in effect, we the people pay for a group of people to watch movies all day and then rate them G through NC-17).
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don't forget we pay for artist that pee on pictures of Christ.
 
#30
#30
volinbham said:
Executive pay is a problem but it can be addressed later. I wish these bozos (both sides) would focus on the core issue, pass a decent bill then fight about this stuff later.
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I agree but maybe later we have the CEO's and executive staff of the various corps draw beans from a jar and the ones with black beans get shot.
 
#31
#31
joevol320 said:
so if they want to cap ceo's pay, will they cap professional ball player's pay, what about actor's pay. i guess the socialists are winning. everyone line up and get your labotomy.
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Since we(the taxpayers) are buying these companies, it really doesn't make much sense that we shouldn't be capping the CEO's pay of the companies we are going to bail out, considering that their pay will be coming out of our pockets.

I like one newspaper columnist's idea. "The pay of the CEO's should not be in excess of the salary of the President of the United States."
 
#33
#33
You guys think the federal government could bail out the vols. Kick us 5 million to buy Fulmer out! Won't even be missed in the trillions of dollars they are spending!!!
 
#34
#34
ANTI-DAWG said:
You guys think the federal government could bail out the vols. Kick us 5 million to buy Fulmer out! Won't even be missed in the trillions of dollars they are spending!!!
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if you think the program is mediocre now, wait til you see what happens when some doofus in Washington DC does the playcalling.
 
#35
#35
nickknx865 said:
Since we(the taxpayers) are buying these companies, it really doesn't make much sense that we shouldn't be capping the CEO's pay of the companies we are going to bail out, considering that their pay will be coming out of our pockets.
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The gov't is not buying these companies that the so called "bailout" will help. As for the companies the gov't has "bought" all of hte CEOs have been fired already which I'd say is a decent cut of their wages.
 
#36
#36
The ignorance of this issue is truly disturbing. The media obviously doesn't understand what the gov't is actually doing.
 
#37
#37
droski said:
The ignorance of this issue is truly disturbing. The media obviously doesn't understand what the gov't is actually doing.
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dailymail.jpg
 
#43
#43
droski said:
how are these losses? injecting liquidity doesn't mean losses. those are loans.
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True-- but don't forget about the fact that banks are failing (and will continue to fail).

Also, as I stated the reserves for gov't agencies are not loans. The FDIC is churning through cash and so is FHA. These agencies will have to be propped up.
 
#46
#46
droski said:
the gov't is buying these assets at a fair market value to create a floor. these companies don't neccasarily need to sell these assets. most probably don't. if you don't HAVE to sell these assets and the gov;t is saying that if you do sell the assets your pay goes down and hte govt takes an equity stake in your firm why in the world would you sell your assets to the govt? all the democrats are doing is ensuring this program won't create a floor in the mortgage market. you might as well not even bother passing the bill.
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1) This isn't a democrats issue. Republicans and Dems alike are being quoted as having issue with this. Even though it does bother me -- it is one of the lesser important provisions of the bill and they should move on.

2) I think the issue is at what price the government is going to buy these assets. Who has this oversight? Who is regulating it? If these assets are recapitalized at a discount certain banks will take a writedown against nonexisitent capital -- therefore causing insolvency. How will that work?

This whole thing depends on the price the gov't buys these assets at.
 
#47
#47
MG1968 said:
then you would agree that Hollywood actors and sports figures shouldn't make more than elementary school teachers or college professors.
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No, I think you should make as much as you like. But, in the case of buying out the bad banking and mortgage comapnies, which is coming out of mine and your pocket, there needs to be a cap on CEO pay.
 
#48
#48
#2. Doesn't bother me and in fact I think it is a positive move if it is legal. How many times have we seen and heard of some fat-cat executive running a company into the ground, getting fired and drawing a great big exit package for his/her incompetence. From a constitutional point of view, however, I don't see how you can legally limit what a company pays its employees irrespective of their performance or ability.

#1. Scares the hell out of me. Can you imagine another company being run by a several thousand Government Bureaucrats protected by the Hatch Act. Just a month or so ago, one of the networks ran a documentary about the irregularities occuring with federal employees. The synopsis of the program was if they don't want to work they just don't show up for days and weeks at a time. Their supervisors response has been that nothing is being done about it. I remember an old addage about highway department workers, "it takes 4 to watch one man operate a shovel". So if we create another bastion for the lazy bureaucrats how much better off will the country's home-lending situation be..
 
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