Institutions like Banks and Hedge Funds that deal in "Asset Backed Securities", which are funds that produce income from bonds, mortgages, etc, and are backed by assets like the houses, etc, are reluctant to accept any Funding from The Obama Administration's "Stimulus and Reinvestment Plan", which was recently passed by the legislature. Their fear of becoming involved with the recovery package stems from the backlash suffered by AIG from congresses revulsion over the payment of retention bonuses by AIG. Most of the leadership in these institutions don't want any part of Federal Funds, if the come with provision limiting, among other things, executive salaries and bonuses.
I'm going to coin a new term: "Aristocratic Capitalist". Our country, especially the USA economy, is run today by a group of Aristocratic Capitalist. The Aristocratic Capitalist are men and women of great wealth and power, who over the years have managed to put together a dynasty. The Aristocratic Capitalists send their kids to the finest schools and university in the country like Harvard, Yale, or other ivy league universities. These student are tapped to join elite fraternities like the secret society of "The Skull and Bones" and its membership form closely nit networks. These men and women are groomed to become the leaders of our country, and upon graduation assume position at the highest levels in Government, Business, Industry, and the Military. The Aristocratic Capitalist feel they are members of a ruling class; noblemen in a hierarchy where the level of one's royalty is measured by the rank of one's wealth. They are noblemen who have been taught, and who have developed, tastes, and manners characteristic of members of an aristocracy, well above the lowly sensibilities of commoners. They run the country based on an aristocratic rule, and they feel they are privileged to have the best, most elegant, or most stylish of everything. LOL The Aristocratic Capitalist live in a different world than the rest of us, and have no desired to by bound by government funding that imposes limits on their standards of living. Regards, LelandJ Pete Theisen wrote: > Hi Everybody! > > There is a deja vu about this somehow . . . > > http://www.reuters.com/article/bondsNews/idUSN2044931920090320 > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
