{"id":192872,"date":"2009-02-11T21:46:00","date_gmt":"2009-02-12T02:46:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/11\/not-enough-bullets-the-whole-damn-banking-industry\/"},"modified":"2009-02-11T21:46:00","modified_gmt":"2009-02-12T02:46:00","slug":"not-enough-bullets-the-whole-damn-banking-industry","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/02\/11\/not-enough-bullets-the-whole-damn-banking-industry\/","title":{"rendered":"Not Enough Bullets: The Whole Damn Banking Industry"},"content":{"rendered":"<p>Tom Randall, Alex Nussbaum and Peter Robison at Bloomberg News talk about <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=aztIwy.Yl3oQ&amp;refer=home\">how awful the Obama salary cap for bank executives on the Federal dole is<\/a>.  Their lede:<\/p>\n<blockquote><p>Eric Langan could run a U.S. bank, based on his $494,713 salary last year, according to President Barack Obama. Langan would rather stay in his job, overseeing 18 strip clubs as chief executive officer of Rick\u2019s Cabaret International Inc.<\/p><\/blockquote>\n<p>Well, Mr. Langan <span style=\"font-weight:bold;\">actually made a damn profit in 2008<\/span>.<\/p>\n<p>So they are claiming that $&frac12; million, &#8220;may not buy a seasoned executive for a major U.S. financial institution.&#8221;<\/p>\n<p>These are the folks who <span style=\"font-weight:bold;\">bankrupted the United States<\/span>, and <span style=\"font-weight:bold;\">continue to pay themselves obscene bonuses<\/span>.<\/p>\n<p>Wanting to hire one of them for your bank is like betting on the Washington Generals when they play the <span style=\"font-weight:bold;\">Harlem Globetrotters<\/span>.<\/p>\n<p>I would also note that Mr. Langan&#8217;s job is a <span style=\"font-weight:bold;\">lot harder<\/span> than your senior bank executives.  He has to deal with people who stalk the dancers, and how to handle security, and hiring responsible bouncers, etc.<\/p>\n<p>Besides, who is hiring in banking right now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom Randall, Alex Nussbaum and Peter Robison at Bloomberg News talk about how awful the Obama salary cap for bank executives on the Federal dole is. Their lede: Eric Langan could run a U.S. bank, based on his $494,713 salary last year, according to President Barack Obama. Langan would rather stay in his job, overseeing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,979],"tags":[],"class_list":["post-192872","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-wanker"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192872"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192872"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192872\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}