Month: January, 2010

The pay puzzle: Part 2, what should happen, company level

29 January, 2010 (11:21) | Banks, Compensation, Regulation, Speculation, Subprime, Theory, US News |

By: David A. Smith   [Continued from yesterday’s Part 1.]   Yesterday’s post opened the topic of compensating investment bankers and a fortiori investment banks as well, taking as initial text Steven Brill’s New York Times profile of TARP paymaster Kenneth Feinberg.    Put up your dukes, Feinberg!   Brill is full of admiration for […]

The pay puzzle: Part 1, what should happen, executive level

28 January, 2010 (11:29) | Banks, Compensation, Regulation, Speculation, Subprime, Theory, US News |

By: David A. Smith   With the economy in the tank and banks (including the Federal Reserve) making record profits, populist ire has settled on the bankers themselves.     Were you paid a great deal of money? Yes, we … uh … Guilty!  Until proven innocent!   Deservedly so?  That question is implicit in […]

Death is a bonanza

27 January, 2010 (13:01) | Capital Gains, Estates Taxes, Taxation, Theory, US News |

By: David A. Smith   Step up your basis!   Have you died so far in 2010?  If you have, you’re in luck!   I’m from eternity and I’m here to help you solve your tax problem   If you’re still alive in 2010, but wonder how much longer you’ll make it, then you have […]

Rumpelstiltskin’s fee: Part 2, the motives

26 January, 2010 (11:40) | Banking, Legislation and policy, Regulation, Subprime, TARP, Theory, US News |

By: David A. Smith   [Continued from yesterday’s Part 1.]   When the court adjourned yesterday, I was representing my client Rumpelstiltskin, doing business as Uncle Sam’s Club financing,   “You pays your money and you gets your loan.”   Mr. Stiltskin is single-handedly keeping the American financing system flowing with liquidity, and –   […]

Rumpelstiltskin’s fee: Part 1, the libels

25 January, 2010 (10:48) | Banking, Legislation and policy, Regulation, Subprime, TARP, Theory, US News |

By: David A. Smith   If it please the court –   Comes now my client, your honor, the United States government, affectionately known as Rumpelstiltskin – who having rendered a valuable, nay an essential, service to the fair maiden investment banks and her father the banking industry, is now being both cheated of the […]