Ritholtz On Clawbacks: "Think Of It As Bonus Foreclosure"

Barry Ritholtz on with Dylan Ratigan from August 18, discussing Pay Czar Kenneth Feinberg's decision to seek compensation clawbacks from top executives of bailed-out banks and auto manufacturers.

• "I'm talking about the CEOs of the banks who directly decided to elevate the risk levels in order to elevate compensation, knowing that they didn't have the collateral to incur the liability at the time."

• "Money is supposed to represent the creation of value and not stealing. Selling insurance for something you can't pay the claims on is stealing, only it's better because you get the money up front."

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[DailyBail]

AIG’s Benmosche Wants to Halve Wall Street’s IPO Fees

http://www.bloomberg.com/apps/news?pid=20601109&sid=a1_2m7gM9Bgo

[DailyBail]

America’s Bailout Barons

http://www.ips-dc.org/reports/executive_excess_2009

[Travis]

"Money is supposed to represent the creation of value and not stealing"

So, when the Fed prints money, it's creating value, and not stealing?

[DailyBail]

Travis.

I think you have it figured out...Ratigan puts the Fed in the guilty category as well...

[Ken]

when will you all organize revolt??

Washington Criminal Blood Sucking Pests

HARSH REALITY FACTS FOR YOU CROOKS and gang

here are hard facts from:

Banker thugs

Banker thugs not refinancing to stop foreclosures

Banker thugs getting our blood sweat taxes at 0% and now punishing consumers with high interest rates, not honoring previous contracts with consumers who have not even defaulted on any payments

Biggest crime in human history, Working class scammed with mortgage and credit card debt scam and no one goes to jail instead you fucking criminals handed them our trillions of future blood sweat taxes to to same criminal thugs. And same criminal thugs are scamming and banging us again via same criminal scams.

Wall Street bubble created gain and Corporate crooks biggest insider zero cost back dated stock option worthless paper being stacked up 201k's to complete pension bust next.

YOU WASHINGTON SENATORS & CONGRESSMEN ARE GUILTY OF TREASON CRIME

and should be hanged SADDAM STYLE

What Terrorists?

BIGGEST HOME GROWN FINANCIAL AL QAEDA scammed and busted its own Working Class.

YOU CROOKS CAN STAY STATE OF DENIAL ..

MEDIA CRIMINAL SHILLS Sensoring harsh reality facts and NAZI TYPE PROPAGANDA is on TV now..................

http://www.pushhamburger.com

I have senior management friend at Solectron , which got acquired by FLEXTRONICS

he told me this:

SLR buildings going to be sold, Work from home, tranfer phones under your personal name and account.

FLEX will not reiumburse phone and electricity expenses. Sign NDA , if you get bonus, you will not share information with other employees...if found sharing info, termination ASAP.

He said FLEX management will save $6K per eliminating every employee cubicle per year

lol

HPQ...30% salary cut across board, threatened EDS workers not to speak to the media...do Google Search

REVOLT is next

[Ken]

Hey Washington Criminal Blood Sucking Pest Rulers

You are not our representatives and your have committed a crime=Treason by not following the constitution

Here is crystal clear in pictures, biggest crime in human history......and you are in the pockets of Home Grown Financial Al qaeda pockets

House of DECEPTION & LIES

Biggest crime in Human history and Chicago mob shill sucks our blood and rewards his crony criminal Wall Street/Banker thugs

Here is crystal clear crime:

http://quicktake.files.wordpress.com/2009/05/3-14-madoff-in-jail.jpg


My Fellow Americans:

When blood sucking pests start bullying us in Town Hall meetings , it is time to revolt

http://www.pushhamburger.com

Oath Keepers Video for more info, visit www.oathkeepers.org
http://www.youtube.com/watch?v=7NXJANCBaMM&eurl=http%3A%2F%2Fwww.dailypaul.com%2F&feature=player_embedded

Revolution is a Duty of the People
http://www.youtube.com/watch?v=9b3Q89FZoY0&eurl=http%3A%2F%2Fwww.dailypaul.com%2F&feature=player_embedded

Rally for the Republic DVD Trailer
http://www.youtube.com/watch?v=Y9o6XO1pFPY&eurl=http%3A%2F%2Fwww.dailypaul.com%2F&feature=player_embedded

Debt Slave
http://www.youtube.com/watch?v=I9q1oeMcoL0

Debt Slave

This video (especially the beginning) is quite disturbing and is not for the faint of heart (you've been warned). It is however very powerful in making it's point - that we've all been programmed, lied to and bamboozled throughout our lives - programmed to be ignorant of the real issues that matter; to think like a herd of sheep and wrap our lives around materialism and debt - to feed the commercialistic profit making mechanisms (the industries, corporations and banks) who own and control our government through their puppet master strings.

We as humans basically just want to be happy - but we wrongly believe it can be achieved through materialistic purchases - thinking: "if I only had that new car or big house I would be happy and fulfilled, like all those smiling people in the commercial"; "if only I had that three karat ring I would be the talk of the office, the girls would be jealous and I would look accomplished"; "that new 650 quad runner certainly would make me content and I'd be a man's-man to boot" (as it sits in the garage quickly depreciating after a couple months of use).

Face it people: Materialism doesn't bring long-term happiness and buyer's remorse is typically the end result after the novelty wears off. Are the many years of debt service and a stretched family budget really worth the purchase? Are you really any happier now that you live in a big house? Are you really any more successful or smarter because you now drive a Mercedes? Is that $1,500 brand-name suit really any better than a $300 suit.

We as a society have been programmed to chase each other through an impossible dream of material happiness, yet we're blind to the fact that the "everyone else" that we aspire to be are merely just sheeple - brainwashed people not in control of their thoughts or lives and mindlessly following each other (like sheep) to a debt-slaved destiny and slaughter - think about it!

Please don't immediately discredit this information without trying to think outside the box for a few minutes. Allow yourself to ponder the message and if you have any inkling that it's factual, make an attempt to free yourself from the mainstream thought controlling tentacles of our corporate owned programming medium - television (turn the damned thing off) - and try to then think outside the box regarding other issues and areas of your life. Know that your mind is free - question everything, think for yourself, read daily and nourish your head with truth - do not be nor follow the sheeple to a debt slave prison!

[James H]

Speaking of clawbacks and such, if Obama were a professional baseball player, we'd have to fine his ass for throwing like a girl. Who cares if he was born in Kenya (kidding, kidding...) -- this is downright un-American.

http://www.youtube.com/watch?v=6ewOIouypc4&feature=related

Here's another look. [WARNING: contains shamelessly pro-Bush footage]
http://www.youtube.com/watch?v=E1Zi9vpz69Q

[James H]

I have a feeling Sonic Ninja Kitty is going to bust me for saying Obama throws "like a girl." For the record, my 4-year old throws consistent strikes. (She can spit, too.)

[DailyBail]

Knowing how to throw should be mandatory...how else will you hit the political ducks as they quack across the Potomac.

[Ken]

UN Says New Currency Is Needed...

to Fix Broken ‘Confidence Game’

http://www.bloomberg.com/apps/news?pid=20601068&sid=aSp9VoPeHquI

Watch the rats abandon ship in the bond market as the world expels dollars.

All the while the architects who created the panic will ultimately provide the solution with a global currency.

Tyrannical rule of unimaginable power is the objective and Americans are handing in their liberties with little attention and little resistance.

Emperor Obummer the puppet along with our paid off congress and owned media will applaud this as progress for Americans.

Free boarders between Mexico and Canada will be normal along with a lower living standard for Americans as we adjust for the peso and other 3rd world countries. American wages will ultimately have to compete a billion people who make less than 1 dollar a day.

This is no longer conspiracy. The power elite are showing their hand for global government(UN)/global health supervision (W.H.O.)/global banking and currency.

Only the people can save the republic.

The story goes that, as Ben Franklin left the Constitutional Convention in 1787, he was approached by a Mrs. Powell, who asked him, "What have you given us, Dr. Franklin?"

"A republic," he replied, "if you can keep it."

Tee Criminal Bankers enjoy: Record bonuses in '09!

DOLLAR FUMING AND GOLD SHOOTS THROUGH 1000.........Dollar will be Collapsed by Banker thugs per their wishes

USA Bamboozled Generation let it happen at their watch......

((((((((((Don't Cry for me Amerintina))))))

Mercy my Lord

Cowards with no Balls............

[DailyBail]

Ken.

The UN currency float has been heard before...BRIC has been making noise...we'll see what happens...

I have tried for months to organize anger into action both here on the site and on my own...it's a tough road...getting other bloggers with a large audience to join forces has not worked...

I have ideas but they require a much larger audience to succeed...your passion is noted and appreciated.