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Thread: Administration Seeks Increase in Oversight of Executive Pay

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    Administration Seeks Increase in Oversight of Executive Pay

    Obama will call for increased oversight of 'executive pay at all banks, Wall Street firms and possibly other companies' as part of sweeping plan to 'overhaul financial regulation', NY TIMES reporting Sunday, newsroom sources tell DRUDGE... Developing...
    DRUDGE REPORT 2009

    We'll have to wait and see the stories, but herr Obama wants full control over the private sector... it's time for a revolt before we all end up in chains.

    http://www.nytimes.com/2009/03/22/us...gulate.html?hp
    Last edited by RightinNYC; 03-21-09 at 06:17 PM.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Regulate!

    Personally, I'd be far more concerned about the Congress thinking it has the authority to change the tax code retroactively and use it to punish people.

    If they'd exercised more oversight, including oversight into how it spends our tax money, none of this would be an issue right now.

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    Re: Regulate!

    The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.

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    Re: Regulate!

    Quote Originally Posted by Orius View Post
    The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.
    Really? You think that's what was the cause? Nothing to do with Government demands to make piss poor business decisions played into it? Really?

    And yes, Korm, the retro-attack-tax they just passed should have riots in the streets... But most Americans are too stupid to realize they should be angry about that.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Regulate!

    it's time for a revolt before we all end up in chains.
    The time for revolt was oh-so long ago. I think it is time for you to wake up, and realize that these chains you speak of are nothing new. It's sorta how government works, limitation of what the population can do in order to "protect it". The only thing you will find that is different, between each government, is the language that is being used... they all have the same intent, to make a struggle for power.

    As I've been saying, the struggles and conflicts will never cease, regardless of whether a revolt occurs or not; remember that this government that you are complaining about restricting us, used to be the revolution. Just be thankful that our struggles and conflicts end only in broken feelings, tears, and jeers, instead of broken legs, bloody lips, and death.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

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    Re: Regulate!

    Quote Originally Posted by Arch Enemy View Post
    The time for revolt was oh-so long ago. I think it is time for you to wake up, and realize that these chains you speak of are nothing new. It's sorta how government works, limitation of what the population can do in order to "protect it". The only thing you will find that is different, between each government, is the language that is being used... they all have the same intent, to make a struggle for power.

    As I've been saying, the struggles and conflicts will never cease, regardless of whether a revolt occurs or not; remember that this government that you are complaining about restricting us, used to be the revolution. Just be thankful that our struggles and conflicts end only in broken feelings, tears, and jeers, instead of broken legs, bloody lips, and death.
    It's time for the broken legs, bloody lips and death. You guys don't get it do you? This isn't a game anymore. This bloody moron wants to control EVERYTHING.

    Do you think the impending Cap-and-Trade is about the environment?
    Do you REALLY think the UHC move is to help people?
    Let's say you owned a business, guess what, Herr Obama wants to take that control away from you, and PUNISH you for that.

    This isn't theory people, this isn't a joke.. it's happening, and people are really that blind to it?

    The government is on the verge of negating the Constitution by taxing "bonus pay" IT AUTHORIZED and targeting individuals. Yeah think about that.

    Why are people so complacent? I just don't get it.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Regulate!

    Quote Originally Posted by MrVicchio View Post
    It's time for the broken legs, bloody lips and death. You guys don't get it do you? This isn't a game anymore. This bloody moron wants to control EVERYTHING.

    Do you think the impending Cap-and-Trade is about the environment?
    Do you REALLY think the UHC move is to help people?
    Let's say you owned a business, guess what, Herr Obama wants to take that control away from you, and PUNISH you for that.

    This isn't theory people, this isn't a joke.. it's happening, and people are really that blind to it?

    The government is on the verge of negating the Constitution by taxing "bonus pay" IT AUTHORIZED and targeting individuals. Yeah think about that.

    Why are people so complacent? I just don't get it.
    You too can be a part of the solution. THE912PROJECT.COM
    Pain can be such a beautiful thing

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    Re: Regulate!

    Quote Originally Posted by GottaHurt View Post
    You too can be a part of the solution. THE912PROJECT.COM
    Yeah, I know of Glenn's plan, it's a start.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Regulate!

    YouTube - Rahm Emanuel: You never want a serious crisis to go to waste

    Quote Originally Posted by Orius View Post
    The rampant corporate sector was what lead to the economic crisis, now we are seeing overcompensation for that fact. I think in the long term it will balance out.
    Fannie and Freddie.
    Government operated.
    Government... LOL... oversight.

    Mr. BUFFETT: Well, it's really an incredible case study in regulation
    because something called OFHEO was set up in 1992 by Congress, and the solejob of OFHEO was to watch over Fannie and Freddie, someone to watch over them.

    And they were there to evaluate the soundness and the accounting and all of
    that. Two companies were all they had to regulate. OFHEO has over 200
    employees now. They have a budget now that's $65 million a year, and all they have to do is look at two companies
    . I mean, you know, I look at more than two companies.

    QUICK: Mm-hmm.

    Mr. BUFFETT: And they sat there, made reports to the Congress, you can get
    them on the Internet, every year. And, in fact, they reported to Sarbanes and Oxley every year.

    And they went--wrote 100 page reports, and they said, `We've looked at these people and their standards are fine and their directors are fine and everything was fine.'

    And then all of a sudden you had two of the greatest accounting misstatements in history.

    You had all kinds of management malfeasance, and it all came out. And, of course, the classic thing was that after it all came out, OFHEO wrote a 350--340 page report examining what went wrong, and they blamed the management, they blamed the directors, they blamed the audit committee. They didn't have a word in there about themselves, and they're the ones that 200 people were going to work every day with just two companies to think about.

    It just shows the problems of regulation.
    Perhaps, at 65 million a year for about 17-years we can ask these people for our money back. The 1.1 Billion they flushed down the capper.

    Seeing as it is a new American Tradition, we should go to the offenders houses and picket for the money.

    I think we should start with Raines, Gorelick, Dodd, Frank, and Waters... and the 200 employees working at the OFHEO and their predecessors.

    .
    Last edited by zimmer; 03-21-09 at 05:50 PM.
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    Re: Regulate!

    Quote Originally Posted by MrVicchio View Post
    Why are people so complacent? I just don't get it.
    The American people get the government they deserve, and they've been getting the government they deserve for at least the last thirty years-- if not the last hundred and thirty.

    As far as I am concerned, it is foolish to attempt to rise up and fight the government when I can sit back and watch it drown in its own filth.

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