Now you know why so many didn't want Wall St. whores like Geithner and Summers as Obama's "advisors"

[brentspeak]

http://www.ajc.com/services/content/printedition/2009/02/15/stimpay0215.html

Top economic advisers to President Barack Obama adamantly opposed the pay restrictions, according to congressional officials, warning lawmakers that they went too far and would cause a brain drain in the financial industry during an acute crisis.

http://www.bloomberg.com/apps/news?pid=20601103&sid=aieSfQwNPieA&refer=news

So exactly where the hell are these "brains" going to go if their salaries/commissions are reduced from, say, $10 million to $7 million - Wal-Mart?

[rockymountaindem]

1. More importantly, aren't these the "brains" that have gotten us to where we are now?

[BlooInBloo]

3. The problem isn't their brains, it's their hearts.

[brentspeak]

4. Exactly.

[Cleita]

2. Hey, stop coming around here with that common sense thing.

:rofl:

[givemebackmycountry]

5. Where are these "brains" going to go?

India?
China?

Shit, you fuck up there like you've fucked up here?
They might drag you outside and shoot you.

[LiberalFighter]

13. Let's pay their plane fare to China.

[NC_Nurse]

6. Fortunately, it's bigger than them. The public is beyond pissed. They better

get with the program or they'll be the next Daschles.

[Metta]

7. Hm, fear. Where have I heard that before.

From troublemaking Thugs.

[treestar]

8. I admit to not being able to see how the market value of anyone's

abilities can be that damn high!

But if it is, things grow and the underlings benefit. As long as they are not the same people whose "talents" got us into the mess. Recognizing the "talent" must be part of the process.

[liberalsince1968]

9. Why did Obama choose these idiots? I really want to know.

Because I don't remember him campaigning on a be-kind-to-fat-cat platform.

[MarjorieG]

10. We're too free with expertise we don't have about global markets.

They're holding us hostage, true, but someone/Geithner knowing all the players, pieces, is a great help. He's going slowly, not promising big preference to the banks as he's advocate and agent for the people, suggesting stress tests before acting. Caution towards the banks a good thing, right now, while management rethinks priorities and assesses their banks' health.

Populist anger helping to keep up the pressure, but we need long term smart, structural changes.

Meanwhile, helping out with foreclosures and those mechnanisms sooner.

[Demeter]

11. New People Can Make New Friends and Contacts

Nobody should stay put being incompetent for a sense of "comfort" by any of the parties.

[MarjorieG]

12. Guess getting tire dof populist anger, generally, since this is a tough, global problem.

Obama has a variety of voices, including populist ones, and we do know he isn't a pushover. He's independent in his thinking, and will consider the range of outcomes, possibilities.

[girl gone mad]

15. You're tired of the populist anger?

Better brace yourself, because it hasn't even started yet.

[BrklynLiberal]

14. LOL...WalMart....

You are 100% right...Just where the hell are they going to go???

[GeorgeGist]

16. If only Obama was capable ...

of draining Wall Street and The Treasury of brains incapable of critical economic thinking.

But alas, he's one of them.

[PassingFair]

17. Right, like a National Health Program will cause all the doctors to leave...

:eyes:

Yes, we are OVERRUN with British
and Australian doctors.

:eyes:

Where the **&^$* are they going to GO?

[Gin]

18. with brains (people) like that...who needs enemies?

[Odin2005]

19. FDR made a Wall Street insider, Joe Kennedy (JFK's dad), first head of the SEC.

Sometimes it takes an insider to crush the insiders.