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11-08-2008
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moderate?
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Neil Cavuto on Fox Business News yesterday had a great idea for separating the pigs from the trough....
Any CEO asking for government largess must resign as CEO on application with NO golden parachute so as to take responsibility for the problems and have no economic interest in the bailout.
I like that!
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11-08-2008
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Telstar 28
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I think that should be expanded to the board of directors and the CFO and COO positions as well.  no one in the leadership positions of these large failing companies should be able to profit when they've effectively failed.
Quote:
Originally Posted by camaraderie
Neil Cavuto on Fox Business News yesterday had a great idea for separating the pigs from the trough....
Any CEO asking for government largess must resign as CEO on application with NO golden parachute so as to take responsibility for the problems and have no economic interest in the bailout.
I like that!
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Sailingdog
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Telstar 28
New England
You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.
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11-08-2008
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Larus Marinus
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But they haven't failed. They succeeded in terrorising the government into throwing tax-payers' money at them with hardly any questions asked. Heck, if you just "earned" $10 bn for your company tax free, you'd expect a little gratitude, like a $1bn bonus for example.
No wonder the banks' bonus budgets are equalling their bail-out benefits this year.
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Jonathan-Livingston
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11-08-2008
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Wandering Aimlessly
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Excellent point Idiens. Success and failure are contingent upon perspective. I've yet to hear any call for the heads of Fanny and Freddie though, so evidently, they were successes.
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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11-08-2008
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Quote:
Originally Posted by camaraderie
I like that!
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So do I.....
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Tropic Cat
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11-08-2008
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Quote:
Originally Posted by wind_magic
I'm not sure what you mean by this PDP. Gold is bought and sold in every world currency, it is essentially it's own currency, as is silver, as is every other commodity. What is it you are saying Russia and Venezuela are doing ?
I have seen text written before about a world currency that is based on the gold standard. But, why bother, we already have a really great gold standard currency ... it's called .. GOLD.  |
As of Thrusday ( last ) Russia and Venezelua has made a agreement with Russian-owned Rusoroto to operate the Las Cristinas and Brisas projects with the government.
Las Cristinas, one of Latin America's largest gold projects, is currently operated under contract by Canada's Crystallex International Corp.
Nearby Brisas is operated by Gold Reserve Inc.,which has a concession for the gold and copper project
Chavez, who for years has been increasing state control over key industries, has already strengthened ties with Russia this year through arms and energy deals.
Minister Rodolfo Sanz told a Russian delegation that a memorandum of understanding will be signed Friday ( Nov 7 08 ) with Russian it did not mention Las Cristinas and Brisas by name for legal reasons but assured the Russians they would have access to the projects.
"You can be sure that those will be the deposits," he said.
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1978 Tayana 37
Freedom comes when you’re ready to sail away. True freedom comes when you don’t have to return
Cut off from the land that bore us, betrayed by the land we find, where the brightest have gone before us and the dullest remain behind, .......but stand to your glasses, steady,.......tis all we have left to prize, raise a cup to the dead already, hurrah for the next that dies
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11-08-2008
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Apropos of Nothing
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A little humor
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11-08-2008
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Owner, Green Bay Packers
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Anyone notice that Rahm Emanuel, Barack Obama's Chief of Staff, was a director on the board of Freddie-Mac from 2000-2001?
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“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
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11-08-2008
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Yeah, back when it didn't buy anything subprime and made money. Good Find.
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Tropic Cat
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11-08-2008
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Wandering Aimlessly
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Does the name Franklin Raines ring any bells with you Rick?
"In accordance with the mission of Fannie Mae to enable home ownership by a greater proportion of the population, Franklin Raines, while Chairman and CEO, began a pilot program in 1999 to issue bank loans to individuals with low to moderate income, and to ease credit requirements on loans that Fannie Mae purchased from banks. Raines promoted the program saying that it would allow consumers who were "a notch below what our current underwriting has required" to get home loans."
He then took "early retirement" while under investigation for "accounting errors" that managed to increase his compensation to $90 million, just as Fanny was jumping feet first into the thick of the subprime/Alt-A debacle. The overstated earnings, first reported to be $9 billion, were later placed at a mere $6.3 billion.
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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