Capuano's heated words to 8 bank CEOs

[duffless2323.livejournal.com]

So this was posted on Wonkette today and thought some of you might be interested.
The video from CSPAN runs about 5min.

http://wonkette.com/406161/congressman-to-ceos-die

Comments

[pierceheart.livejournal.com]

I think the CEO's are dirtbags who justified their huge salaries by saying "look at all the risks we take! We deserve big payouts" and now they aren't willing to face the consequences of their risk, they're passing off the moral hazard.

I think that the legislation was crookeder than a dog's hind leg, and I wish the system weren't gamed such that these things call happen.

But, I do think that if Capuano's going to lambaste the CEO's, he should look at the sort of things that allowed them to happen, all of Congress should, and admit their part in it.

That better?

There is absolutely no justification

[nvidia99999.livejournal.com]

For why any CEO should make more than the US President. The US President is the person who takes the most risks and has the most responsibilities of everybody.

Re: There is absolutely no justification

[pierceheart.livejournal.com]

There's no justification for anyone but the people who pay a CEO to determine how much they should make, IMO.

[agnosticoracle.livejournal.com]

So you want congress to make these kind of things illegal. But you only want people without sin (or have gone through public confession) to speak out. I don't think you can have both of those.

[pierceheart.livejournal.com]

funny, we seem to require it of cabinet level appointees.

[agnosticoracle.livejournal.com]

Which makes my point. =)