Debt, Treasury, Health Care, Lobby
– Real-Time US government and consumer debt clock…..frightening
– Of all the actions currently being undertaken, this is the worst. The argument for those in favor of compensation pay is that “US bank execs are paid more than those in Europe” and that limiting their compensation will not hinder the acquisition of talent. WRONG. Banks compete with SWF’s, Hedge Funds, Mutual Funds and PE for talent. This is where they will and are losing talented people too.
– This logic is the same logic used by people who go and buy $800 worth of clothes that are 50% off and claim they “saved money”
– Sometimes the “little guy” isn’t so little after all
Disclosure (“none” means no position):