Sunday, March 22, 2009

BHO Seeking To Limit ALL Executive Pay At Every Financial Institution?

(Two posts today. Please scroll down)

Trouble of the most serious and the most extreme sort! And, if perpetrated, it WILL touch YOU, not just the AIG fat cats at whom so much anger has recently been directed!
From this article in the March 22, 2009 edition of the New York Times (all emphases mine):

The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said.

The outlines of the plan are expected to be unveiled this week in preparation for President Obama’s first foreign summit meeting in early April.


The officials said that the administration was still debating the details of its plan, including how broadly it should be applied and how far it could go beyond simple reporting requirements. Depending on the outcome of the discussions, the administration could seek to put the changes into effect through regulations rather than through legislation.


The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money....
Read the rest HERE.

Also see "NYT- Obama to limit ALL EXEC pay- ALL? USA-SSR. The end of America" by Epa of Infidel Bloggers Alliance. Excerpt (emphasis mine):
If this is not shot down immediately, then what would we be fighting the war on terror for, again? The right of a federal govt to own me? Own my potential? Own yours?

Barack Obama, if this is true, not only has no right to the office, he is a danger to the republic as it was founded.

Anyone running around thinking, 'well this will never affect me, this is about the head of GM' is in denial. This govt is trying to establish they have the RIGHT to decide what you can achieve, what your mind, your effort, and your thought is worth.

This idea, this principle, if TRUE as the NYT states, is as destructive to this republic as ANY IDEA the alien freaks of Al Qaeda, Shia Islam, the Muslim Brotherhood, or KSA ever wanted.

This idea that the govt has the right to determine ANYONE'S (non govt) pay is TREASON.
Read it all and the comments thereto.

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posted by Always On Watch @ 3/22/2009 08:46:00 PM