Let me get this straight...

[backscatter712]

Geithner and co. are crying about the executive compensation caps because:

1. The douchetards that ran these banks into the ditch would leave the banks and find other work because they can't afford their new Learjets.

2. The banks that would take TARP money would either refuse the TARP money, or would scramble to pay it back as quickly as possible.

Explain to me why these would be bad?

[Fleshdancer]

1. They have no shame

I forget who said it, but one of the reasons given this morning as to why the caps were a bad idea was because the bankers might run off to foreign banks. First, do they really think foreign banks are salivating over the idea of hiring people who ran the American banks into the ground? Second, why would anyone assume these people are the brightest and best people for the job when they ran the banks into the ground?

We benefit from these people leaving the industry all together and if the caps mean that greedy people won't be attracted to the position, then great! Filling the top positions of our financial institutions with intelligent, competent people who aren't slaves to large sums of money is a good thing.

[Fire1]

4. Couldn't have written it better myself.

[DJ13]

2. It was lame when Paulson said the same thing, its lame now

Obama needs to sit Geithner down and explain the realities of politics to him, because Tim seems to still have the pro Wall Street mindset.

[Ian David]

3. Because poor kids first. n/t

[KharmaTrain]

5. They Still Don't Get It...

...and sadly Geitner is at the head of that list. People are pissed at the entire Wall Street culture...we want it torn down and those who destroyed our economy (and many of our savings, jobs and lives) either kicked out or prosecuted. There's ZERO pity for those who flew high for so long and they have ZERO value to either this country or any future economy. These are the shitstains who created the problems...not only shouldn't they be rewarded for their incompetence (at the minimal) or criminality...they need to be kept as far away from TARP money as possible. If they don't want it...Fine. Go bankrupt...disolve...let the government nationalize the assets (which they will have to do) and reinstitute regulations from people with little or no affiliation with these corrupt firms.

[liberalmuse]

6. I say, "Good Riddance!"

A "Brain Drain" of this sort would actually be a step in the right direction.

[anonymous171]

7. Because they are all know eachother. nt

[cherish44]

8. Let the f**kers leave then...

There are lots of very talented and dedicated people waiting in the wings. They need to get over themselves if they think they're irreplaceable...