Discussion in 'Europe' started by TheGreatGatsby, May 30, 2012.
France to cap top pay in state groups - FT.com
How many European countries cap top pay?
I don't know. That's a good question. Look at the state of Europe's economy though.
Same problem as ours: terrified of Greece, Spain, etc, defaulting because of their investments in our commercial and private security mortgage bundling, along with their citizens greed, similar to ours, individually and corporately and nationally, in not managing finances wisely.
I think all of that stuff is the pin that popped the balloon. But nations stopped adhering to free market principles long ago and that's how the balloon filled in the first place.
Fiat currency is how the balloon filled. But I have to say, this is hilarious. France will have a lot of public sector award winning CEOs and such once that cap is in effect.
Might as well just chop off one of their hands and legs and send them wrestling.
I sorta remember that most of Europe's CEOs self cap their salaries at around 5 million a year..
But that was a while ago.
If we adhered to your free market principles in the last eleven years, what would have happened with the mortgage security market and to Americans generally, TGG?
The mortgage market in the U.S. is anything but free market. Not even close.
Don't you worry none..the profiteers found a way around that..
Predatory lending - Wikipedia, the free encyclopedia
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