Welcome to the future
The Herald Tribune reports a new initiative by the Obama administration:
The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies…The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving U.S. government bailout money. Officials say the rules could also be applied more broadly to publicly traded companies
Welcome to the future, comrade. It’s kind of hard to believe that things have gotten this bad this fast. We wonder what Congressional fundraising for Democrats is going to look like in 2010.
UPDATE — Scott Johnson sort of raises the question of whether there will even be a 2010. Meanwhile, Roger Simon says that there needs to be a lot more transparency in government before it tries to get even more power than it already has.
March 23rd, 2009 at 2:45 pm
I am so frightened by the direction of things that I am thinking for the first time in my life, that it might be a good idea to purchase a shotgun.
March 24th, 2009 at 2:07 am
How can this possibly be Constitutional?
March 24th, 2009 at 2:43 am
To il-liberal left, the Constitution is a living document, whose meaning should change with the times… IE in these times which they are ruling they’ll change the meaning for their own purposes…