[eastbay]

They'll kick the marbles all around if they can't play first.

[TWilliam]

Man, where are the French when ya need 'em?

[Tanada]

Simple question to anyone ready to throw all those bankster SOB's under the bus.

If 80% of your yearly pay was in the form of a bonus and the Government decided to tax that portion at 90% rates would you keep working for that company under the same pay scales as before? After all that leaves you with a whopping 28% of the income you were expecting to have err oops, but the State income tax is also calculated on the Gross, as is your Social Security and Medicade "contribution". Now that 28% is more like 14%.

Any of you that claim you would bust a sweat to take home 14% of your gross pay as your net receipt is full of it.

I don't like the dang Banksters one bit and I think we should have let them all crash and burn last fall. On the other hand Congress passed this bonus pay and the President signed it into law, what the heck are they doing trying to take it back now? If you abrogate a contract in such a spectacular way you basically prove that contracts are meaningless. If contracts are meaningless bussiness will grind to a total standstill. I don't mean a recession/depression, I mean a dead stop crash.

[Sixstrings]

$this->bbcode_second_pass_quote('', 'I')f 80% of your yearly pay was in the form of a bonus and the Government decided to tax that portion at 90% rates would you keep working for that company under the same pay scales as before?

[heroineworshipper]

That's right. Free will is prehistoric. Hurry up with the enslavement!

[timmac]

Tanada : Have you looked at some of there regularly pay before there bonus it is sometimes in the millions..

So why should they get a million dollar bonus if the company failed and we bailed them out..

[TWilliam]

$this->bbcode_second_pass_quote('timmac', 'T')anada : Have you looked at some of there regularly pay before there bonus it is sometimes in the millions..

So why should they get a million dollar bonus if the company failed and we bailed them out..

[Plantagenet]

I wonder what industry the government will "help" next?

[ReverseEngineer]

$this->bbcode_second_pass_quote('Sixstrings', '
')“Commodity traders are already moving to companies like BP where they can make as much money as they used to,” said another banker at a US firm.

[ DON'T LET THE DOOR HIT YA, ENJOY YOUR FISH AND CHIPS MATE ]

Bankers at Deutsche Bank said it could benefit from the proposed legislation by poaching its US rivals’ most talented employees.

[ PLEASE, DO SEND ALL THIS TALENT TO GERMANY! CAN YOU TAKE CNBC WITH YOU?]

[lowem]

The *bankers* should be sent back to the stone age.

Or at least, at the very minimum, go to jail, do not collect $200 (billion).

[vision-master]

$this->bbcode_second_pass_quote('TWilliam', 'M')an, where are the French when ya need 'em?

[mcgowanjm]

$this->bbcode_second_pass_quote('Tanada', 'S')imple question to anyone ready to throw all those bankster SOB's under the bus.

If 80% of your yearly pay was in the form of a bonus and the Government decided to tax that portion at 90% rates would you keep working for that company under the same pay scales as before? After all that leaves you with a whopping 28% of the income you were expecting to have err oops, but the State income tax is also calculated on the Gross, as is your Social Security and Medicade "contribution". Now that 28% is more like 14%.

Any of you that claim you would bust a sweat to take home 14% of your gross pay as your net receipt is full of it.

I don't like the dang Banksters one bit and I think we should have let them all crash and burn last fall. If contracts are meaningless bussiness will grind to a total standstill. I don't mean a recession/depression, I mean a dead stop crash.

[Ludi]

$this->bbcode_second_pass_quote('lowem', '
')Or at least, at the very minimum, go to jail, .

[mcgowanjm]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('lowem', '
')Or at least, at the very minimum, go to jail, .

[vision-master]

$this->bbcode_second_pass_quote('mcgowanjm', '')$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('lowem', '
')Or at least, at the very minimum, go to jail, .

[ColossalContrarian]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('lowem', '
')Or at least, at the very minimum, go to jail, .

[mcgowanjm]

One of the conditions for the billions that were dispensed to the car industry was that contracts between auto workers and their union, the United Auto Workers, had to be renegotiated to cut costs. The union agreed, and the question arises: are contracts with blue-collar workers less binding than those with highly-paid derivatives traders?

"No....."

"Contracts are made to be broken".

Caveat emptor.

Leverage is the determining factor for drafting a good contract that the other side will sign. If the other side "needs the deal" more than we do, we'll have leverage in the negotiations. If there is ever a contract dispute, hopefully the language we negotiate will back us up. Leverage comes in many forms - and it usually comes down to money.

A cynical point on contracts - Contracts are made to be broken. Just because parties signed on the dotted line doesn't mean all is well. If a business person has signed a bad deal and is losing money, s/he might try to get out of the deal. If the other side does not agree, the business person will consider breaching the contract to force a more reasonable deal. If that person has a "war chest" (more money) that the person wishing to enforce the deal, then that translates into leverage and possibly a reasonable deal.


http://www.gsu.edu/~rmipzb/contracts.htm

Leverage= USA= Sue me!

[vision-master]

$this->bbcode_second_pass_quote('mcgowanjm', 'O')ne of the conditions for the billions that were dispensed to the car industry was that contracts between auto workers and their union, the United Auto Workers, had to be renegotiated to cut costs. The union agreed, and the question arises: are contracts with blue-collar workers less binding than those with highly-paid derivatives traders?

"No....."

"Contracts are made to be broken".

Caveat emptor.

Leverage is the determining factor for drafting a good contract that the other side will sign. If the other side "needs the deal" more than we do, we'll have leverage in the negotiations. If there is ever a contract dispute, hopefully the language we negotiate will back us up. Leverage comes in many forms - and it usually comes down to money.

A cynical point on contracts - Contracts are made to be broken. Just because parties signed on the dotted line doesn't mean all is well. If a business person has signed a bad deal and is losing money, s/he might try to get out of the deal. If the other side does not agree, the business person will consider breaching the contract to force a more reasonable deal. If that person has a "war chest" (more money) that the person wishing to enforce the deal, then that translates into leverage and possibly a reasonable deal.


http://www.gsu.edu/~rmipzb/contracts.htm

Leverage= USA= Sue me!

[mcgowanjm]

$this->bbcode_second_pass_quote('vision-master', '
')
Labor contracts are binding by law.

Management contracts can be changed at any time.

[efarmer]

America has adopted the notion that somehow the bulk of
it's people can become investors who via personal or hired
insight and savvy, can surf on the real labor, production,
and material wealth of earth almost solely on their reputation
and financial leverage. In such a context, the richest investors,
bankers, and investment apparatchiks become god like figures
and wield great power. When a Wall Street bankster speaks of
the stone age, I think he is talking about back in the day before
he was a god like contrivance.

When you sell your freedom for comfort, the final insult is that
they take your big comfy chair and turn off the reassuring rhetoric
on your info screens.

We have educated and fielded the largest crop of financial
parasites in the history of the world and having swarmed
like locusts, they are going to make a huge noise due to
having eaten all the crops and still being hungry before
they fall back in line to a sustainable population.

When people who are largely self sufficient innovate you get
a situation like young America, when they all get clever and lazy
and wish to bet on other people's lives for income, you get an
America that having rebelled from England because they did
not wish to be the colonial drone workers, have adopted
what they rebelled against in the first place.

The only place we can all be royalty or manufactured nobility
is on television and in the adverts of the huckster gods of
Wall Street and their hired hands in Washington.