Word: arens
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms or some parts of stricken outfits like AIG, Citi and the former Merrill Lynch, now part of Bank of America. But hedgies and PEs aren't covered by pay czar Ken Feinberg's ukases...
Where's the Justice? None of the people who presided over the catastrophes at the likes of Citi and AIG and Merrill Lynch are likely to go to jail. That's because incompetence and arrogance aren't criminal offenses. If that seems a bit unfair, so does the government's rescue program that saved some and not others, depending on political and social criteria. The most recent example: Delphi Corp., GM's former parts division that was spun off a decade ago, which recently emerged from bankruptcy proceedings. White collar Delphi retirees are having their pensions whacked, but United Auto...
Firms could take care of the people down their food chain but allow the people at the top to go without bonuses again. Instead of doing that, it's going to be business as usual even though the times aren't usual...
People who grab every penny they can, using taxpayer money, aren't true capitalists. True capitalists are long-term greedy, to use Goldman's favorite slogan, trying to maximize their take over the long run. The short-term greedy aren't capitalists, they're pigs. And as they say on Wall Street, pigs get slaughtered...
...survive and be popular is to write a bill that doesn't stint on funding and promises to control future costs. The best way to do that is to end the $250 billion in subsidies the Federal Government pays to employees who receive corporate health-care benefits - benefits that aren't taxed. The money would be better, and more fairly, spent giving people tax credits to pay for health care, according to their income. This would have the additional benefit of controlling insurance costs, since people are more likely to shop for the best deal if they're spending their...