Found a couple of links on CNN’s website worth commenting on this afternoon.
David Smick’s assessment of the banking situation provides a different take on Obama’s executive pay caps and TARP 2.0 than I had yesterday. In short, he sees the caps (with the provision that excess compensation can be in stock unredeemable before the government funds are repaid) as a way to hide the aforementioned stock exception. With it, President Obama theoretically can defend TARP and whatever toxic assets the government buys because the executives won’t get millions of dollars guaranteed; they would depend on recovery and a subsequent rise in the price of their stock.
It could work, but as he notes, Obama needs to show that TARP is going to have serious teeth in the future.
On a lighter note, seeing as it is Friday afternoon:
Hmm, ya think? In small quantities, lots of food items can be part of a good diet. I certainly enjoy some foods and overall cuisine which aren’t incredibly healthy- steak, chinese food, Nathan’s fries, among other things. And yes, certain types of pizza too! The key is not to eat too much of this stuff or really just about any one thing. Radio host’s joke aside, I don’t think Papa John has to worry about hurting his hurting his business too much with these comments. Last time I checked, a certain fast-food chain does extremely well promoting both low and higher-fat choices.
More later tonight or this weekend.