Replies to post #617986 on Zeev's Turnips Patch-No Politics (ZEEV)

[brightness]

When I read that article yesterday, the first response was, wow, the stock market is really going to take it on the chin. If the government gets to set the pay rate at public companies, talented people are going to work for privately-held companies that do not have public traded shares.

[Bruce A Thompson]

And you want to know who will buy them

For pennies on the dollar? The very same masters of the universe who caused them to be distressed in the first place. They will most likely use taxpayer funded government loans to buy them with. And it will be quick. Before MtM changes the rules and allows them to be truly valued which will trigger massive capital gains and another round of billions in bonuses.

[Bruce A Thompson]

And where, exactly, are they going to go?

The economy is in a shambles. 6 and 7 figure salaries are hard to find, If you are getting one now, you might better stay the hell where you are. Even if you don't get a huge bonus. Your alternative is to find another business lucky enough to be making that kind of money, that wants and needs you and can pay a bonus too without government problems. Where would that be?

Why that would be hedge funds. Yup and they are going to get govt loans to buy up artificially distressed assets. OOps! That would mean that bonuses are going to be hit there too.

Only the names are going to change. The real crooks will be there just the same.

This ain't over. My grand niece still has a piggy bank with some pennies in it somewhere.

[skono4]

I sure hope it's not true what I read about the 99% federal tax rates on utility company dividends payed out to retired car salesmen living in Florida.

(G)