The Administration, while actively pursuing constraints on executive compensation for firms that have received TARP funds has shown amazing restraint in not wanting to meddle in the affairs of firms that have not been bailed out. And shouldn’t you be expressing your eternal gratitude towards that nod to rampant laissez-faire capitalism?
Congress, however does not share the Administration’s sentiment that there are aspects of the private sector in which they should not be meddling… after all, the most ethical Congress in history is doing such a bang-up job managing their own affairs, wouldn’t you agree?
Here’s vice madam of the House, Barney Frank:
"I do differ with the administration in that hope springs eternal and their position seems to be that if we strengthen the compensation committees we will do better.”
Compensation committees… Sounds suspiciously like they would be staffed in similar fashion and given the same directives as Maoist “committees for public safety.”
After all, it’s for your own good
Posts
No comments:
Post a Comment