nat4900
Diamond Member
- Mar 3, 2015
- 42,021
- 5,964
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- Banned
- #1
Among the most moronic setbacks by the Trump administration is to abolish the modest regulations imposed on Wall Street bankers and other public companies. All that Dodd-Frank is mandating is for the SEC to disclose the ratio between these companies' CEO's compensation in comparison to the median workers within that same conglomerate.
Wall Street demanded that we, tax payers, bail them out from their addiction to gambling with other peoples' money.......and in return, Wall Street is now also demanding to maintain their secrecy in how they choose to compensate and reward the chief gamblers who caused the 2008 financial meltdown.
Wall Street CANNOT have it both ways......CAPITALISTIC tenets when the going is good, and SOCIALISTIC tenets when they screw up and need bailing out form common tax payers.
Wall Street demanded that we, tax payers, bail them out from their addiction to gambling with other peoples' money.......and in return, Wall Street is now also demanding to maintain their secrecy in how they choose to compensate and reward the chief gamblers who caused the 2008 financial meltdown.
Wall Street CANNOT have it both ways......CAPITALISTIC tenets when the going is good, and SOCIALISTIC tenets when they screw up and need bailing out form common tax payers.