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| Obama's Plans for Financial Regulation | |
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| Tweet Topic Started: Jan 25 2009, 02:12 AM (521 Views) | |
| QuirtEvans | Jan 25 2009, 02:12 AM Post #1 |
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I Owe It All To John D'Oh
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http://www.nytimes.com/2009/01/25/us/politics/25regulate.html?_r=1&hp For the most part,
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| It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010. | |
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| jon-nyc | Jan 25 2009, 02:29 AM Post #2 |
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Cheers
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Interesting. Have you seen a copy of the Volcker report mentioned in the article? I haven't been able to locate it. |
| In my defense, I was left unsupervised. | |
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| jon-nyc | Jan 25 2009, 02:33 AM Post #3 |
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Cheers
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Here it is: www.group30.org/pubs/recommendations.pdf |
| In my defense, I was left unsupervised. | |
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| George K | Jan 25 2009, 04:34 AM Post #4 |
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Finally
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I don't pretend to know much about monetary policy, but I came across this graph ![]() It shows the nations "adjusted monetary base. What word comes to mind? |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| jon-nyc | Jan 25 2009, 04:46 AM Post #5 |
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Cheers
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3 words: 'hedge the dollar' |
| In my defense, I was left unsupervised. | |
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| George K | Jan 25 2009, 04:57 AM Post #6 |
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Finally
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Three syllables: In Fla Tion. |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| jon-nyc | Jan 25 2009, 05:06 AM Post #7 |
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Cheers
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I'm a man of action, George.
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| In my defense, I was left unsupervised. | |
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| OperaTenor | Jan 25 2009, 05:11 AM Post #8 |
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Pisa-Carp
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Global warming? |
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| jon-nyc | Jan 25 2009, 05:16 AM Post #9 |
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Cheers
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Yeah, think of all the CO2-eating trees they had to kill to print all those dollars. |
| In my defense, I was left unsupervised. | |
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| George K | Jan 25 2009, 05:17 AM Post #10 |
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Finally
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Fixed it for you. No need...
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| Axtremus | Jan 25 2009, 05:23 AM Post #11 |
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HOLY CARP!!!
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Agree. |
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| OperaTenor | Jan 25 2009, 05:25 AM Post #12 |
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Pisa-Carp
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I just noticed the similarity:![]() ![]() |
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| Mikhailoh | Jan 25 2009, 05:28 AM Post #13 |
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If you want trouble, find yourself a redhead
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I wonder can we limit executive compensation without seeing a brain drain in the industry? Not that he brains there today have been particularly astute lately, but just wondering if the unrestricted market will draw the best people away from the restricted market. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| QuirtEvans | Jan 25 2009, 06:30 AM Post #14 |
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I Owe It All To John D'Oh
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My personal experience is that the amount those guys make, above a certain threshold, is all scorekeeping. Fred's primary focus is that he makes more than Gary, and Gary is trying to catch up with Fred and stay ahead of Bill. Really, is the difference between $20 million and $30 million per year going to cause someone to move their whole family overseas? |
| It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010. | |
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| jon-nyc | Jan 25 2009, 06:32 AM Post #15 |
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Cheers
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Word. |
| In my defense, I was left unsupervised. | |
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| Mikhailoh | Jan 25 2009, 06:34 AM Post #16 |
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If you want trouble, find yourself a redhead
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There is that. But I was thinking deeper cuts. Say, $10 an hour + bennies. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| jon-nyc | Jan 25 2009, 06:42 AM Post #17 |
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Cheers
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![]() Seriously though, they'll only cap cash comp, so bonuses will still be paid, just in stock or in some sort of paper that defers payment until the feds are reimbursed. All of which seems appropriate to me. (Let me add that my bank has taken $0.00 from the government) |
| In my defense, I was left unsupervised. | |
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| 1hp | Jan 25 2009, 11:21 AM Post #18 |
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Fulla-Carp
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Considering the mess I'd let the "brains drain". There should never have been a bailout of any financial company - the stockholders, who elected the Board's of Directors, who hired the brainless morons, should be left holding the bag. Maybe next time they would be more careful about who they put in charge - and there'd be no brain drain, only mass firings and criminal actions. I also have a new good use for Guantanamo - incarcerate the US's most vicious terrorists - the ones who have done the most to bring the country to it's knees. Madoff, Thain, the ceo's of WaMu, AIG, Lehman Bros., etc.... , Weill, Greenspan, ......... |
| There are 10 kinds of people in this world, those that understand binary and................ | |
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| George K | Jan 25 2009, 11:44 AM Post #19 |
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Finally
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http://dealbreaker.com/2009/01/john-thain-to-get-canned-for-h.php Merrill Lynch CEO Thain spent (after the acquisition and receipt by BOA of billions in TARP funding) over $1,000,000 refurbishing his Manhattan office, including: Area rug: $87,784 Mahogany pedestal table: $25,713 19th Century Credenza: $68,179 Pendant Light Furniture: $19,751 4 pairs of curtains: $28,091 Pair of guest chairs: $87,784 George IV chair: $18,468 6 Wall Sconces: $2,741 Parchment waste can: $1,405 Roman Shade Fabric: $10,967 Roman Shades: $7,315 Coffee Table: $5,852 Commode on Legs: $35,115 |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| ivorythumper | Jan 25 2009, 04:23 PM Post #20 |
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I am so adjective that I verb nouns!
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Didn't Credit Suisse apply?
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| The dogma lives loudly within me. | |
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| jon-nyc | Jan 25 2009, 06:13 PM Post #21 |
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Cheers
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Hey - no government has given them cash. Contrast that to UBS, which the Swiss government bailed out to the tune of billions of dollars. |
| In my defense, I was left unsupervised. | |
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| Ben | Jan 25 2009, 07:11 PM Post #22 |
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Senior Carp
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The first thing I'm thinking is that the slope of that graph at the far right is pretty much undefined and therefore not differentiable Ah, math. |
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- Ben "Playing 'bop' is like playing Scrabble with all the vowels missing." - Duke Ellington bennieloohoo@gmail.com Or you can just PM me.
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| jon-nyc | Jan 26 2009, 02:52 AM Post #23 |
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Cheers
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| In my defense, I was left unsupervised. | |
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| jon-nyc | Jan 26 2009, 03:20 AM Post #24 |
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Cheers
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Prediction: Within the next four years, on this forum, that monetary expansion will be blamed on Obama. |
| In my defense, I was left unsupervised. | |
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| 1hp | Jan 26 2009, 07:55 AM Post #25 |
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Fulla-Carp
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Thain fights back (as if this absolves him or something!): Bank of America was aware of everything All this is equivalent to firing a missile into the Bank of America (BAC) boardroom. Bank of America and CEO Ken Lewis tried to blame everything on Thain last week. Assuming Thain is right that BAC knew about the bonuses and Q4 losses (and it's almost inconceivable that they didn't), responsibility for the incompetence and outrageous bonus decision falls squarely back on Bank of America...and still-employed CEO Ken Lewis. He's also saying he will pay back the $1.2 million spent on office decorating (probably wants the furniture he carefully picked out). |
| There are 10 kinds of people in this world, those that understand binary and................ | |
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Ah, math.
8:45 AM Jul 13