Day: January 13, 2010

Barney Frank Not Convinced Compensation Linked To Talent; Limit Bonuses

In a prime example of a Progressive Socialist Democratic Party "I want my cake, and I want to eat it too" moment, Barney Frank is planning on hearings to limit Wall Street bonuses.  The "I want my cake" moment?  How does one implement a 90% tax on executive bonuses, proceed to limit them, and not understand that it is counterproductive? If the true intention of the tax "was the quickest way to show angry Americans that Congress intended to recoup the extra dollars", then why limit them?  I know, I know, I'm not even covering the un-American, anti-Capitalist, anti-Free Market…
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