Tam said:According to a lawyer on Fox It's against the Constitution for the Government to interfere with private contracts so how can he constitutionally cap a salary offered to a Bank Executive??????? :? :?
It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
hypocritexposer said:It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
Right now, what's stopping all the top execs from these banks from starting new banks? Or selling their "good" assets" to foreign countries? Letting the old ones fail?
Oldtimer said:Tam said:According to a lawyer on Fox It's against the Constitution for the Government to interfere with private contracts so how can he constitutionally cap a salary offered to a Bank Executive??????? :? :?
It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
Tam said:Oldtimer said:Tam said:According to a lawyer on Fox It's against the Constitution for the Government to interfere with private contracts so how can he constitutionally cap a salary offered to a Bank Executive??????? :? :?
It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
The US doesn't own the banks right now so isn't he interfering with private contracts right now :roll:
So if they do not take the money then BAM BAM cannot tell them how to run the bank? .Oldtimer said:Tam said:Oldtimer said:It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
The US doesn't own the banks right now so isn't he interfering with private contracts right now :roll:
Not when its our taxpayer dollar which is all thats keeping them from bankruptcy...
hopalong said:So if they do not take the money then BAM BAM cannot tell them how to run the bank? .Oldtimer said:Tam said:The US doesn't own the banks right now so isn't he interfering with private contracts right now :roll:
Not when its our taxpayer dollar which is all thats keeping them from bankruptcy...
Can't have it both ways oldiimer?
Oldtimer said:Tam said:According to a lawyer on Fox It's against the Constitution for the Government to interfere with private contracts so how can he constitutionally cap a salary offered to a Bank Executive??????? :? :?
It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
Sandhusker said:Oldtimer said:Tam said:According to a lawyer on Fox It's against the Constitution for the Government to interfere with private contracts so how can he constitutionally cap a salary offered to a Bank Executive??????? :? :?
It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
Does the government own the banks that Obama is laying down this rule on?
Oldtimer said:Sandhusker said:Oldtimer said:It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
Does the government own the banks that Obama is laying down this rule on?
They have a major stake in them if they have had to take Bush Bailout taxpayer money to keep operating....I think the government owes the responsibility to the taxpayers since the banking/finacial community has not shown that it can self regulate or be responsible itself...
Oldtimer said:Sandhusker said:Oldtimer said:It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
Does the government own the banks that Obama is laying down this rule on?
They have a major stake in them if they have had to take Bush Bailout taxpayer money to keep operating....I think the government owes the responsibility to the taxpayers since the banking/finacial community has not shown that it can self regulate or be responsible itself...
Tam said:Oldtimer said:Sandhusker said:Does the government own the banks that Obama is laying down this rule on?
They have a major stake in them if they have had to take Bush Bailout taxpayer money to keep operating....I think the government owes the responsibility to the taxpayers since the banking/finacial community has not shown that it can self regulate or be responsible itself...
These new salary caps don't apply to the Bush money they only apply to the ones that take the money from now. If Citibank never asks again they have no salary cap.
Oldtimer said:Tam said:Oldtimer said:They have a major stake in them if they have had to take Bush Bailout taxpayer money to keep operating....I think the government owes the responsibility to the taxpayers since the banking/finacial community has not shown that it can self regulate or be responsible itself...
These new salary caps don't apply to the Bush money they only apply to the ones that take the money from now. If Citibank never asks again they have no salary cap.
Good- maybe they will find the true meanings of "fiscal conservity" and "tightening the purse strings"...Too bad the new breed of businessmen needs government to tell them that...
Oldtimer said:Tam said:Oldtimer said:It won't be if government ends up owning all the banks- which is what will occur if they don't alter their practices....May be too late already for some...
The US doesn't own the banks right now so isn't he interfering with private contracts right now :roll:
Not when its our taxpayer dollar which is all thats keeping them from bankruptcy...