Omen VI: The Chicago Incubus

I sent this to the White House based upon a New York Times article regarding the Administration's plan to limit all Financial Service Executive compensation.

The NY Times article is coming out tomorrow.

Email:

So you are floating the banking salary and bonus limitation story through the NY Times to see what the reaction is.

Here is my reaction.

While banks are an important element of the business cycle, they are still basically private concerns under our capitalistic system. How they operate and what type of performance measurements they deploy and rewards they offer should largely be monitored by the shareholders.

Unfortunately most shareholders don't have a clue about how a performance measurement goal should be written and how to determine if it is being met.

But of course you knew this when you saw the country accept your ridiculous, unmeasurable goal of 'saving" four million jobs. How can one measure saving jobs?

Instead of trying to create class warfare, mob rule and hatred of the rich, something you gathered at your liberal mother's knee and hid from your schoolmates at the elite schools you were able to attend, and now are using to deflect attention from your own limitations and not so hidden aspirations to socialize this country, you should instead focus not on micro managing and destroying the banking system and you should be trying to construct legislation that helps shareholders determine what reasonable performance measurements are and for banks to clearly report against these measurements.

And in this way, shareholders and citizens can more effectively monitor and manage our capitalistic system instead of you and your cabal trying to dictate it from the White House and spread the riches around to your needy supplicants.

I, for one, believe, over the last sixty days, I have been watching the next installment of the movie "The Omen" where the anti-Christ moves to destroy the world by internally destroying the only country standing between good and evil.

I have long held the belief the American people are well centered and have always put us back on course. I only hope this is true before you do too much damage.