Web-based Comment of The Day
In regards to this ThinkProgress post on President Obama's $500,000 cap for CEOs who "borrow" government money (aka TARP, aka bailout):
Damn right. I'm thinking at least 15% interest. And if the payments are late, the interest is jacked up to 25%.
HAH! I posted the same thing last night, only I concluded that the stock options couldn’t be cashed until the government had been repaid with interest.
-- "spencer's mom"
Damn right. I'm thinking at least 15% interest. And if the payments are late, the interest is jacked up to 25%.
Comments
This might not eliminate the fly-by-night nature of many of the recent "performance" bonuses, but it'll make it harder to do the paperwork to get them.