Saturday, February 14, 2009


Glad to see the stimulus package passed, not quite as big as it might have been but hope it will do some help.

I'm sympathetic to the idea of limiting executive pay at the banks that are taking federal help. Financial services lobbyist Scott Talbott doesn't like it, says "It undermines the current incentive structure" and fears Wall Street types will flee to foreign banks or hedge funds.

Let 'em go. Think there aren't other bright people ready to take those jobs even if they earn a mere few hundred thousand or a couple of million dollars? And think those people can do any worse?



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