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Showing posts from August, 2009

Value Assessment Regulation - It's Expensive!

I've been seeing a lot in the news about executive compensation, particularly for those in financial industry companies. Apparently there is quite a snit about the hundreds of thousands of dollars being paid to employees of the major banks and investment firms.

As I watch this I think about the righteous indignation expressed by both government officials with microphones and jealous complainers having microphones shoved in their faces. And then I wonder...

Who's paying them that money?

I just find it funny that there is so much railing against it that Congress is weaving bills together that would put limits on that pay. But then, why do they feel that they have to do that? Sure they consider that since these institutions have receiving some amount of government bailout money they should be subject to reasonable oversight by those in charge of the rescue largesse--namely the feds.

But that still doesn't answer the question. Remember it?

How do the bankers and investment giants g…