Jamesb101.com

commentary on Politics and a little bit of everything else

For Bankers…..the other shoe is dropping on compensation………

Remember how in the middle of everything going sideways, at the beginning of the year,  the banks got federal bail out loans?……Remember how the banks boards  played it’s CEO ‘s , and top dogs bonuses, even if the bank, or financial institution didn’t make money, and had the government bail them out?…With our money?

Well, the other shoe is about to drop in the form of a regulation due to come out by the nation\’s Federal Reserve Board …..The Fed regulates over 5,000 banks that are federally,  and state chartered, and has always had the ability to dictate things that would make sure that the banks its oversees are viable……and in July, the House Financial Services Committee gave the bank overseers more authority to stop,’impudently risky compensation practices”…..

The regulations will give the Fed the ability to reviewnot set….compensation packages and amend them as they see fit to discourage “harmful incentives’…….( what ever that means)

The regulations do not have to be voted on by the Congress…but , will get flack from the republicans, and others who believe that the government has no business meddling in the business of private business…..EXCEPT THAT ….they had to get your government’s approval to go into business, and a whole batch of them took our money to stay in business…….the regulation does not effect savings and loans or state banks covered by the FDIC…..

September 18, 2009 - Posted by | Other Things, Politics, The Economy | , , , , , , , , , , , ,

3 Comments »

  1. Obama might piss off Republicans by pushing for the elimination of the 22nd amendment so he can seek a 3rd term in 2016.

    Comment by Conservative Democrat | October 26, 2009 | Reply

  2. naw….the whole thing applies to a very small group…and I believe right now it is a one time deal…..check this out……….
    http://politicaldog101.com/2009/10/22/feds-impose-pay-cuts-for-the-big-governmenet-loan-borrowers-what-does-that-mean/

    Comment by jamesb101 | October 26, 2009 | Reply

  3. Ok you posted there…so you should get my drift…the republicans can live with this……

    Comment by jamesb101 | October 26, 2009 | Reply


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