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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ggersh who wrote (101040)2/8/2009 11:59:11 AM
From: LTK0071 Recommendation  Read Replies (1) of 110194
 
TSR says Obama's accountability moves thus far amount to naught but Window Dressing.
In other words it sounds good, but is just hollow hype.
(i am of those that did NOT vote in 2008, just to keep it known i am a snarly APOLITICAL ANIMAL--o my)

"So far, however, the administration's bark has been much worse than its bite. President Obama and Treasury Secretary Geithner made it official that executive pay would be capped at $500k for companies that need life support from TARP II, but the new restrictions will not apply retroactively, will not apply to thousands of executives who are below the very top of the companies in question, and will apply only to those few companies who are getting the most from the TARP II package. In short, it is window-dressing. Similarly, new rules requiring the disclosure of luxury perks and a ban on golden parachutes will also be extended only to banks partaking of the Fed's most aggressive fiscal programs." Gregory Spear
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