tag:blogger.com,1999:blog-4776805599159893803.post8212705301056612617..comments2023-07-30T01:08:43.318-07:00Comments on Politics Plus: Obama –vs- BankstersTomCathttp://www.blogger.com/profile/11397335545286040472noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4776805599159893803.post-22470111987277444222010-01-16T09:47:18.142-08:002010-01-16T09:47:18.142-08:00Mark, see my top post today. I agree about the bo...Mark, see my top post today. I agree about the bonuses.<br /><br />Holte, I think DOJ should pick up pitchforks and skewer ass!<br /><br />Jack I support it as far as it goes, but I want more.<br /><br />Infidel they can't pass it on without giving smaller banks, who will not be taxed, a competitive advantage. Ahhh... I see you already answered yourself. :-)<br /><br />Lisa, what a great TomCathttps://www.blogger.com/profile/11397335545286040472noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-23307098094401288252010-01-16T09:44:11.058-08:002010-01-16T09:44:11.058-08:00Lisa,
it can make a mess sometimes.wise choice.Lisa,<br />it can make a mess sometimes.wise choice.Osohttps://www.blogger.com/profile/09513535195785731541noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-79927436906412689702010-01-15T23:43:34.322-08:002010-01-15T23:43:34.322-08:00worth reading, from Mark Thoma: Will the Administr...worth reading, from Mark Thoma: <a href="http://moneywatch.bnet.com/economic-news/blog/maximum-utility/will-the-administrations-proposed-bank-tax-create-a-moral-hazard-problem/388/" rel="nofollow">Will the Administration’s Proposed Bank Tax Create a Moral Hazard?</a> (ie, encourage even more risk taking)rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-64628631455650867882010-01-15T22:23:58.942-08:002010-01-15T22:23:58.942-08:00He's fixed anyway - he couldn't make someo...He's fixed anyway - he couldn't make someone pregnant if he tried. :) Another reason why I married him; apparently, me and sperm should not be in the same room.Lisa G.https://www.blogger.com/profile/02909155560510148815noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-32725066783979252602010-01-15T18:35:57.390-08:002010-01-15T18:35:57.390-08:00I love Sheila Bair's new hairstyle.Well new as...I love Sheila Bair's new hairstyle.Well new as of a few months ago.<br /><br />otis<br />I think you're busted. Lisa-go easy on the big guy.Osohttps://www.blogger.com/profile/09513535195785731541noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-73762851907199737462010-01-15T18:13:55.693-08:002010-01-15T18:13:55.693-08:00EFTs are exchange traded funds. And, honey, it wa...EFTs are exchange traded funds. And, honey, it was the Congress of '08 not '07. Other than that, I agree.Lisa G.https://www.blogger.com/profile/02909155560510148815noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-69436788080298015662010-01-15T17:58:27.068-08:002010-01-15T17:58:27.068-08:00I want Shelia Bair's children. Shh, don't ...I want Shelia Bair's children. Shh, don't tell Lisa. Oh, crap, she will probably read that. I love that woman. SHE should be Tres. Sec. or at least head of the SEC.<br />I think that we should have a Leverage Levy. The more leverage a firm, any firm (hedge fund, ins. group, bank, investment group, individual, ANY FIRM) takes on, the higher the tax rate. And the tax will be calculated otishttps://www.blogger.com/profile/04606194824054050965noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-32323001553901773172010-01-15T16:34:29.490-08:002010-01-15T16:34:29.490-08:00Sheila Bair has put forward a plan as well,a syste...Sheila Bair has put forward a plan as well,a systemic change rather than a temporary deal. it ties FDIC levies to executive compensation.Those institutions whose executive pay encourages excessive risk would pay more, those institutions whose compensation is weighted toward stock and encourage long term viability would pay a smaller levy.<br /><br />http://www.nakedcapitalism.com/2010/01/Osohttps://www.blogger.com/profile/09513535195785731541noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-75780831844834533542010-01-15T14:12:59.702-08:002010-01-15T14:12:59.702-08:00I own a few stocks TomCat. I'm sure we all do....I own a few stocks TomCat. I'm sure we all do.<br /><br /> The rules in regards to bonuses are ridiculously skewed in favor of the fatcats. It's the boards that decide compensation. And the CEO of this company is on the board of another company who's CEO is on the first board. And so on.<br /><br /><br /> The shareholders ain't got shit to say about anything.Joe "Truth 101" Kellyhttps://www.blogger.com/profile/08875151516978133598noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-91601351284826619602010-01-15T13:07:03.138-08:002010-01-15T13:07:03.138-08:00Just read a little more about this in the local pa...Just read a little more about this in the local paper -- the plan is that since smaller banks won't be hit with the fees, the big ones won't be able to pass along the costs to consumers because that would put them at a competitive disadvantage with smaller banks.<br /><br />Some members of both Houses actually want even tougher measures, such a heavy taxes on bonuses.<br /><br />Maybe Infidel753https://www.blogger.com/profile/10965786814334886696noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-42027443388585203842010-01-15T10:29:52.735-08:002010-01-15T10:29:52.735-08:00I can't wait to see what loopholes the banks d...I can't wait to see what loopholes the banks discover to get their money back post-fee.Randal Graveshttps://www.blogger.com/profile/08728992897551848531noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-55889707859049343402010-01-15T08:25:58.178-08:002010-01-15T08:25:58.178-08:00I agree that the banks should be made to pay for t...I agree that the banks should be made to pay for this mess. Otis has suggested a tax based on leverage (which is what caused this whole issue to begin with - because banks were leveraged sometimes more than 70 to 1 on their assets). I support the tax and hope it can get through Congress, even with the wussified Dems in there.Lisa G.https://www.blogger.com/profile/02909155560510148815noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-85270874996250947392010-01-15T07:20:15.316-08:002010-01-15T07:20:15.316-08:00Yes! This is the kind of thing we vote for Democr...Yes! This is the kind of thing we vote for Democrats for! True, it could go further -- but coming from a cautious centrist like Obama, such tough talk is welcome indeed.<br /><br />And, yes, let's hope this is just a first step and further measures are taken. A groundswell of public approval for the fee plan would help encourage more.<br /><br />My concern is that the banks will just pass Infidel753https://www.blogger.com/profile/10965786814334886696noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-66394745370650217862010-01-15T07:05:40.929-08:002010-01-15T07:05:40.929-08:00I wholeheartedly support the President in his call...I wholeheartedly support the President in his call for a "piggish profits" tax on these huge, insensitive and self-centered big banks. As far as I'm concerned, they're all involved in a Ponzi scheme for their own benefit which is being funded by their duped investors. OFF WITH THEIR HEADS!!!Jack Jodellhttps://www.blogger.com/profile/02165430903903838990noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-81686348233346264382010-01-15T06:14:46.986-08:002010-01-15T06:14:46.986-08:00What we are getting is some sort of financial just...What we are getting is some sort of financial justice, but if someone broke into my home, stole my possessions, got caught, gave them back, they wouldn't let them get off scot free.<br /><br />The Wall Street banks broke into our retirement accounts, used our money in risky deals, lost our money, we the abused, help them out, and they go back about their business, admitting "we made Holte Enderhttps://www.blogger.com/profile/10356437917387847542noreply@blogger.comtag:blogger.com,1999:blog-4776805599159893803.post-23474696776775590902010-01-15T03:49:33.476-08:002010-01-15T03:49:33.476-08:00Fee 'em is fine but I do honestly believe that...Fee 'em is fine but I do honestly believe that a new albeit smaller bubble is coming in the commercial real estate market that is going to be tax payer funded when it crashes.<br /><br />You know what bugs me about the huge executive bonuses ? They far outweigh the amount of capitalist profit given out as shareholder dividends.the walking manhttps://www.blogger.com/profile/10058913927297370740noreply@blogger.com