Should we give incentive bonuses to Wall Street Watchdogs?

I have fixed feelings about this, and I will explain why a little further down.

An Article in the New York Times Dealbook Column asks a question whether Wall Street Regulators or Watchdogs should get performance bonuses.

Maybe someone deserves a bonus.
Like someone who sniffs out the next Bernie Madoff. Or jousts with tomorrow’s gonzo bankers. Or defuses the Next Big Crisis in whatever Next Big Thing is dreamed up by Wall Street.
Someone, in short, who regulates.
It is clear that the nation’s financial regulators were no match for Wall Street last time. The financiers were always one step ahead. But maybe that isn’t surprising. The financiers, after all, have a big incentive to outsmart the financial police. It is called a bonus. Wall Street lures a lot of bright minds with money. How can federal agencies compete? They can’t.

So, of course, The Government of Singapore’s head honcho says we ought to incentivize watchdog process.

Tony Tan Keng Yam, deputy chairman and executive director of the Government of Singapore Investment Corporation, suggested that one reason American regulators fell down on the job was that they were paid too little.
“You must have as good people working in the government in the regulatory authorities as those that are working in the private sector,” Mr. Tan said. “You do need, particularly in these very difficult times, capable people in central banks, in government, in the Treasury who can effectively supervise.”
Mr. Tan knows about this firsthand. He is a former regulator himself, and Singapore has a different view about compensation.
“We pay our politicians and our government servants very well,” he said. “We lock remuneration to the market.”
While Singapore’s watchdogs aren’t paid enough to afford private planes, some in top positions make seven-figure salaries.

At first blush, this would seem to be a great idea; however, if you think about it closely, this would not be such a good idea. Because of the following:

Some at Davos thought the bonus idea could work. But anxiety over that approach was palpable. “They already treat us like criminals,” one hedge fund manager said.
A few said giving bonuses to regulators would be like giving bonuses to the police for issuing speeding tickets. Maybe the regulators, like Wall Streeters, would start thinking about the money, rather than what is right. But maybe that’s exactly what Wall Street needs to slow down.

I must say, that I highly disagree with this idea. Why? While I believe that moderate regulation is a good idea on Wall Street; I believe that incentivizing the Wall Street watchdog process will result in a overzealous regulatory process, that will be solely based upon monitory compensation. This would be absolutely disastrous to the free market process in America. As well all know we already law enforcement that borderlines upon a police state. Doing this to Wall Street would cause a fear mentality amongst the financial sector and discourage investment.

We need regulation, not a financial police state.

Former Obama Aid, Samantha Power to be appointed to Foreign Policy Job; at the White House

Yes, you read that correctly…:

Samantha Power, the Harvard University professor who earned notoriety for calling Hillary Rodham Clinton a “monster” while working to elect Barack Obama president, will take a senior foreign policy job at the White House, The Associated Press has learned.
Officials familiar with the decision say Obama has tapped Power to be senior director for multilateral affairs at the National Security Council, a job that will require close contact and potential travel with Clinton, who is now secretary of state. NSC staffers often accompany the secretary of state on foreign trips.
The officials spoke on condition of anonymity because Power’s position, as well as that of other senior NSC positions, have not yet been announced. One official said the announcements would be made in the near future.
White House officials would not provide details of Power’s new role.
via The Associated Press: Professor who slammed Clinton will be Obama aide.

It should be noted that this woman is very highly Anti-Israel, and pro-Palestinian. Not to mention, she is a immigrant from Ireland. Could not Obama find a natural-Born American citizen to do the job? Oh, Wait, my bad; The Democratic Party is the party of immigrants, especially the illegal kind. Not to mention the fact that the Democratic Party is the party of terrorist appeasers. So, this just goes with the territory.

Others: Power Line, Hot Air, The Atlanticist, Pajamas Media, Little Green Footballs, Outside The Beltway, Patterico’s Pontifications and normblog

See, The problem is this

It seems that the Far left Liberal Blog Huffington Post, which is owned by a marble-mouthed Greek twit; is giving Michelle Malkin a hard time:

Michelle Malkin Doesn’t Care About Black People
To mark the day, Michelle Malkin kept a whimsical inauguration cliché count, supposedly monitoring utterances of the “First black president in American history” and “We are witnessing history.”
Michelle didn’t hide her contempt for all this attention being paid to Obama or for the credit he’s getting for being our first black president. She also made space on her blog to point out that no one in the media was covering how Obama inauguration celebrant Jay-Z often uses the word “nigga.” Then she uploaded a video on her site to prove it and sniffed, “And you wonder why some of us don’t believe MLK’s dream has been completely fulfilled …”
Now, many of you may be wondering why someone who is of Asian decent would be so antagonistic toward Obama and his background. And while Michelle may be a whore for the far-right — and she is certainly being a good one by discounting this momentous event — it still gives us pause. While most whores love to bring joy to people, it seems this one only seeks to spread hate.

Michelle Responds:

Yeah, that’s me. “Whore for the far-right.” All because I refuse to genuflect at the altar of the far-left’s selective, skin-deep diversity and slaver at the feet of Barack Obama. All because I pointed out the hypocrisy of the post-racialists’ obnoxious racialism.
Perhaps if I instead drooled all over Barack Obama’s presidential blanket like giddy Donna Brazile did in this embarrassing Good Morning America video, they’d pat me on my head and consider me a properly-behaved member of my ethnic group, too.

Let me add something to the Conversation here. Here’s the real deal on the Far Left’s idea of “Diversity”. “Diversity” goes one way and one way only, to the minorities. If you are a white man, like me; you’re just out of luck! Want proof?

Check out this video here, this is Robert Reich, who served in the Clinton Administration: (H/T HotAir)

Money Quote:

I am concerned, as I’m sure many of you are, that these jobs not simply go to high-skilled people who are already professionals or to white male construction workers. … I have nothing against white male construction workers. I’m just saying that there are a lot of other people who have needs as well. … Criteria can be set so that the money does go to others, the long term unemployed minorities, women, people who are not necessarily construction workers or high-skilled professionals.

So, you see, Diversity within the Democratic Party means, if you’re black or a minority; you are covered. If your a White Man, like me, You are totally screwed.

As for what is being said about Michelle is simply this. Race Baiting. Anyone that does not dance to the tune of Hope and Change; and does not bow to the alter of B. Hussein Obama, is unfairly smeared as a racist. It has been that way since the passage of the unconstitutional civil rights act of 1964, and has only gotten worse ever since. Thanks to LBJ for selling the White man and true ethnic diversity up the river.

While I might have some issues with Michelle’s Neo-Conservatism and her support of the Iraq War. I am in total agreement with Michelle on this issue here.

Zo Breaks it down on "The Dream and the 44th"

Zo’s Website

My Pledge to America

More like abject hypocrisy, if you ask me.

Check out this vomit inducing video, straight out of HollyWeird:

MySpace Celebrity and Katalyst present The Presidential Pledge

In an reaction, that can only described as a direct kick to the gonads of Hollywood; Andrew BreitBart lays the smack down to the Obama Bots and believe me, he does not mince words:

Forgive and forget? Right.
President Bush was not holding back Moore from “free[ing] one million people from slavery in the next five years.” Nor was he holding back the Obama-biquitous Will.I.Am from “chang[ing] how [he] live[s].” Ditto: Aaron Ekhart (”To be a better person,”) Marisa Tomei (”To integrate into my heart what I already know in my head which is that we are all in this together,”) Kutcher (”To the abolition to 21st century slavery,”) Anthony Kiedis (”To be of service to Barack Obama,”) P. Diddy (” pledge to turn the lights off, cause I used to leave the lights on but we want to conserve energy so I’ma turn the lights off, you turn the lights off,) and all-in-unison (”Because together we can, together we are, and together we will be the change that we seek.”)
Missing are pledges not to kiss the ring of Fidel Castro, Hugo Chavez and other pledged enemies of America. Nor are there pledges not to make movies that glorify these tyrants. Nor are there pledges to take seriously that we are at war, will continue to be at war under President Obama and that our precious and under-appreciated military is fighting an avowed and evil enemy — so that, among other things, Hollywood can continue to make decadent crap that actually motivates our enemy to fight us harder!
[…]
Remember this video: It is a instructive relic of the era of celebrity decadence and boutique anti-Republican activism under President Bush. It is a sickening display that they want fast and easy absolution for having comported themselves like ill-behaved children for eight difficult and war-torn years.
Good luck, President Obama. The rest of you can go to hell.

Having said all that, (Well, quoted… Hee hee ) I will make my pledge; I pledge to use this Blog, to praise Obama when he does something that I agree with and likewise, I will use this Blog to criticize President Obama when he does something that I feel is detrimental to the Liberty of all Americans. I predict that many Conservatives will roll up the sidewalks and end up stop Blogging, because of the change of the political climate. Well, I will still be here; I do not care, if I ever make a dime on this Blog. I will not stop, I will not leave, I will continue to write, it does not matter if I have five thousand, five hundred readers, fifty readers or even five; I will not stop, because if I do, I would be doing the same thing, as if someone walked away from the attacks at Pearl Harbor and did nothing. Because I still believe in America, I still believe that dissent is the highest form of Patriotism.

While I did have and still do have, issue and reservations with Neo-Conservatism, and I do identify myself as a paleo or old Conservative, with a twist of Libertarianism; I do believe that Conservatism is an honorable strain of political thought, that the notion that the Government is not the solution to America’s problems. That mankind can be do by itself, without intervention of the United States Government. That the middle class of America still matters, and that American made products are the lifeblood of America and that uncontrolled globalism is dangerous to the survival of America and it’s people.

Likewise, I will continue to blog about the dangers of an interventionist foreign policy; I will continue to blog about the dangers of big government, I will continue to blog about the short comings and the out dangers of a socialist Government, and the way that socialist Governments repress and utterly steal the freedoms of all Americans. I will continue to blog about the dangers of printing more money that the United States has gold to back it up and how going back to the Gold standard is a valid idea and how the United States should pursue that more aggressively and what it will do to America, if we do not.

It is the least I can do for my Country.

Others: Flopping Aces, Wizbang, Gateway Pundit, Scared Monkeys, Sister Toldjah, RedState, Fausta’s Blog, Blue Crab Boulevard, Weekly Standard and Reason

Tucker Carlson on Obama's Inauguration, "Let's Not Pretend This is the Second Coming of Jesus"

This is why I like Tucker Carlson, he is absolutely fearless and is not afraid to speak his mind.

Listen to it: (Via Media Bistro)

Quote:

Former MSNBC and CNN anchor Tucker Carlson, who is already “worn out” from the Inauguration festivities, joined us this morning on the mediabistro.com Morning Media Menu. Carlson and host Glynnis MacNicol are two of the millions in D.C. right now.
He had some strong thoughts about the media’s love affair with President-elect Barack Obama. “I’m excited about it, I live here, I want my kids to see it…On the other hand, in the end he’s a politician taking a political office, 52% of the public voted for him, 48% didn’t vote for him, so let’s not pretend this is the second coming of Jesus,” said Carlson.
And although he didn’t want to sound like “a libertarian wacko,” he had some problems with the D.C. security. “The security is really over the top, anti-American really…We are far too willing to accept security restrictions,” he said.
As for the “exclusive” deals being worked out between TV networks and the Presidential Inauguration Committee, Carlson said, “How you can decide you have exclusive right to something that takes place on the National Mall? I don’t know who came up with that? I should try it!”
He also had some other suggestions: “Why don’t we name the White House? We could call it the Staples House, you know what I mean. The Home Depot House.”

Carlson also said that a friend of his tried to cross the Washington Bridge and was confronted by a United States Army solider with a bullhorn and an assault rifle. Which I believe, if I am not mistaken, against the law and our constitution.

I also agree with his assessment of the Liberal media’s infatuation with “The One”, it’s a sad day; when the media refuses to look at something objectively. I mean, there are so many questions, his citizenship, his ties to communism, it just sickens me, that the media and the American citizens not asking more questions.

Of course, you can expect that the far lefty liberal media will, of course, pay attempt to paint Tucker Carlson as a hater. But thinking Americans will know better. Further more, the Fascist Neo-Conservatives will refuse to report this, because of their love affair with the Democrats, seeing that most Neo-Cons are of Democratic breed.

I fear for what America is about to become. The Rapture of the Church cannot come fast enough, if you ask me.

Who was the Real Martin Luther King Jr.?

Some interesting news via CNN:

The CNN-Opinion Research Corp. survey was released Monday, a federal holiday honoring the slain civil rights leader and a day before Barack Obama is to be sworn in as the first black U.S. president.
The poll found 69 percent of blacks said King’s vision has been fulfilled in the more than 45 years since his 1963 “I have a dream” speech — roughly double the 34 percent who agreed with that assessment in a similar poll taken last March.
But whites remain less optimistic, the survey found.
“Whites don’t feel the same way — a majority of them say that the country has not yet fulfilled King’s vision,” CNN polling director Keating Holland said. However, the number of whites saying the dream has been fulfilled has also gone up since March, from 35 percent to 46 percent.

Of course, I do not expect the Communist Liberal Media or the “White Guilt” Conservative media to report the objective truth about Michael King, Jr.

The truth is, that the man’s life was one huge lie. He was not a doctor, in fact, his thesis was plagiarized. The truth is that the man was a sworn communist. The truth is, that the man, according to the word of God, was not even a Christian. It is a well-known and well-documented fact that Michael King, Jr. rejected many of the core doctrines of the Bible.

Of course, you won’t hear that from any other Conservatives, because they are too scared to report it. But I will. Because I do not fear Liberals. Because:

Ye are of God, little children, and have overcome them: because greater is he that is in you, than he that is in the world. (1 John 4:4 KJV)

There is a website, that exposes this supposed National hero, I will say in full disclosure, that the site is ran by White Nationalists. But does that automatically discredit what is written there? I think not.

I will tell you, up front, that there is a bit of information on this site, that was debunked by a recent release of FBI files on Martin Luther King Jr. However, the rest of the information is invaluable and should be looked at objectively.

Of course, when anyone tries to do this, they are shouted down, by the communist ran and funded Liberal media and by weak-kneed, White Guilt, Neo-Conservatives, themselves being formerly of the communist liberal mindset. You can go that website, by click here.

Please be advised, I do not agree with the opinions and positions of the persons that own and host that link. I am simply presenting it for information purposes.

Others:The Moderate Voice, Scared Monkeys, Jules Crittenden, Michelle Malkin, Wake up America, Macsmind, Hot Air, Sister Toldjah, Clayton Cramer’s BLOG,

(Via Memeorandum)

Quote of the Day

The Coral Reef Alliance believes outgoing President George W. Bush has created his legacy as a President who has done more to protect the environment of the seas than any other President. Somehow, I doubt if former President Ronald Reagan would agree with their assessment.

You get what you pay for!

More Liberal Moonbat ungratefulness.

Via Times of London:

RESIDENTS of a model housing estate bankrolled by Hollywood celebrities and hand-built by Jimmy Carter, the former US president, are complaining that it is falling apart.
Fairway Oaks was built on northern Florida wasteland by 10,000 volunteers, including Carter, in a record 17-day “blitz” organised by the charity Habitat for Humanity.
Eight years later it is better known for cockroaches, mildew and mysterious skin rashes.
A forthcoming legal battle over Fairway Oaks threatens the reputation of a charity envied for the calibre of its celebrity supporters, who range from Johnny Depp and Brad Pitt to Colin Firth, Christian Bale and Helena Bonham Carter.
The case could challenge the bedrock philosophy behind Habitat for Humanity, claiming that using volunteers, rather than professional builders, is causing as many problems as it solves.
April Charney, a lawyer representing many of the 85 homeowners in Fairway Oaks, said she had no problems taking on Habitat for Humanity, despite its status as a “darling of liberal social activists”. She said the charity should have told people that part of the estate had been built on a rubbish dump.
One man pulled up his floorboards to find rubbish 5ft deep under his kitchen. Other complaints include cracking walls and rotting door frames that let in rats and ants. Many residents have complained of mildew and mysterious skin rashes.
One resident said her children were suffering from skin complaints. “The intentions are good, but when the politicians and big-shot stars have left we’re stuck with the consequences. This house looks pretty but inside it either stinks or sweats,” she said.
Judy Hall, the charity’s local development director, said recently that it had been dealing with about 30 complaints. She added that skilled work was carried out by professionals.

Yeah, I bet they were professionals. Professional moonbats maybe. 🙄

The lawyers are out in force now, I bet. Of course, someone has the right idea:

Some residents dismiss their neighbours’ worries. Diennal Fields, 51, said people did not know how to look after their homes: “It’s simple stuff: if there is mildew, don’t get a lawyer, get a bottle of bleach.”

That and a real professional carpenter. Michelle Malkin weights in:

In the end, I can’t say I feel too much sympathy for Jimmy Carter and his Hollywood partners. The Left has stoked both eco-zealotry and the entitlement culture with impunity. Perhaps they’ll feel a little less inclined to feed those beasts after getting bitten squarely in the ass.

Amen, and Amen. I feel zero pity for any of them. These people cried for a handout and when they got it, they were not happy. A simple case of give them an inch and they take a damn mile. Pure and simple. Let them rot in their damned filth. Better yet call ol’ Peanut boy Carter and let HIM fix the damned houses. That Liberal piece of white trash has the money, he can fix them.

As someone who took advantage of a local “Social program” around here, thinking it would make my life easier, when in reality, it did absoutely nothing to help, but instead cause me more problems. I can honestly say, that socialism sucks, it does nothing help, and in the end, it only serves to hurt. I took advantage of a social program called Michigan Rehab Services, they took me, because I had A.D.H.D. I went, and they paid for me to go to CDL training school. I went for class A; So, I went, did real good, got a A average. Took the CDL test, passed it, and you think I could find a damn job? Yeah Right. That was 2003, I am still not driving a truck. I am still not making the money that the socialists lie to you, and tell you that you will make. I mean, I was told I was going to make $60,0000 a year driving truck. Of course, I knew better myself. But here I am, still writing and making squat. I haven’t been under the wheel over a truck since 2003. I wouldn’t dream of attempting to drive one now. Straight Truck Maybe, but a semi, no way. I wouldn’t feel comfortable.

So, there you have it folks, living proof that socialism, does NOT work.

Others: The Strata-Sphere, Right Wing News, Althouse, RedState, Macsmind and Don Surber

Funny Video: Sponsor an Executive

This was sent to me by the smartest Democrat I know………………My Mom. 😀