Yes, it is high time that pay and investment guidelines be mandated for all top level executives who may in the normal course their daily work push the entire economy too close to or even over the edge of systemic risk falls. If nothing else, this Great Recession has taught us that top executives can practically capsize the economy.
But the chief concern is not with presidents and vice presidents of too-big-to-fail banks and other bailed-out enterprises. As large as they are, they are small potatoes relative to the big generators of systemic risk. The critical concern is with top government executives who can create national and international panic, lay the groundwork for international inflation or deflation, and just by voting and writing regulations can change the risk profile of entire industries.
We taxpayer/investors demand a set of risk-sensitive compensation guidelines that will mandate pay and wealth-management rules for all federal government top executives starting with the president of the United States and all cabinet members and their deputies. While we're at it let's include all members of Congress and every member of the commissions and boards that manage the nation's independent agencies, including, of course, the board of governors and chairman of the Federal Reserve System.
After Promising To Stop Land Seizures, the Biden Administration Just Stole This Family's Property for a Border Wall
"We are utterly devastated," said Baudilia Cavazos.
That was one of several eyebrow-raising claims made by Barry Brodd, who said Derek Chauvin's actions were "objectively reasonable."
Nothing is more permanent than an “emergency” mandate.
Joy Reid Said Vaccinated People Who Refuse To Wear Masks Are 'Irrational.' Fauci Didn't Correct Her.
Who's being irrationally paranoid?
Arizona passed a law raising the standard of evidence for asset forfeiture. That didn't help Jerry Johnson when Phoenix police seized his cash.