Fiatch

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Life Imitating Atlas continues.

Robert Murphy cites “US Pay Czar Says He Can ‘Claw Back’ Exec Pay:”

Asked by Reuters if he could use that ability to target a firm like Goldman Sachs which paid back $10 billion in bailout money, [Pay Czar Kenneth] Feinberg said: “Anything is possible under the law.”

He also writes:

Now pretend for the moment that you are a really talented financial executive, the kind of person that could actually turn AIG or Citi around. Just how insane would you have to be, to sign a contract with them? Chances are, the firm will sink, and on the off-chance that it doesn’t, you will have Chuck Schumer reading your home address during Congressional hearings so that ACORN knows which house to paintball.

Anything is possible.  Under the law.

Who is John Galt?

[photo source]

According to Robert Wenzel, life is now imitating Atlas into its later, more perilous chapters.  What happens next?

With Jamie Dimon becoming poster boy for the James-Taggart type of banker, where is our Midas Mulligan?

See also “President Obama’s Favorite Banker” via Robert Wenzel.

[photo source]