Obama engaged in responsible Industrial activism towards the bank-wank establishment…

Finally an adult behaviour lesson in Leadership, targeted for Finance’s unruly schoolchildren.

The TARP banks, insurance and corporate revived turtles are now under clear orders to limit their indulgences. They will listen to reason or go for a long vacation in the big house; still courtesy of the taxpayers…

Now for the Bally shoed and Scruffy neck-tied and party hang over Goldman Sachs bankers – they should be the next ones to follow suit in counting their blessings. And limiting their wanking greed. 

Never so few have benefited from the goodwill of so many..

And never the same beneficiaries – the few – have underestimated the tolerance of the many for their greed & hubris.

Now, the game has changed…

How can the non-TARP  corporate and finance leaders tolerate paying their wankers such brilliant stratospheric salaries when the street mean average has dropped down to a real street level?  

It’s No longer possible for Goldman Sachs – a public company – to allow bosses to pay such exorbitant sums to themselves. They will simply incur the wrath of shareholders and be dragged to the dock…

Not a nice prospect for the leaders of the Free Market Finance.

So pay now and pay later;

Or be reasonable now… and live long and prosper.

We will see the levels of pay, equity and finance compensation, return to earth again- and the Apollo mission of Goldman’s self congratulatory salaries and bonuses scrapped.

Again leave it to the man. Obama done good by all of us.

Good on him – because if shareholder activism like Obama’s move to curtail the wankers’ self indulgences is followed as it should, we’ll see Reason returning to the financial community.

Yours,

Pano

PS: Reasonably intelligent Corporate bank leaders pay themselves and their people reasonable wages. In a recession this is also the best way to avoid hubris and the resultant blowback.