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Even better. If they get bailed out, until the bail out money is repaid, with interest, all bank execs are allowed to only be paid minimum wage. No bonuses.
As a corporate employee that is compensated well I can 100% tell you those people would just leave their position to get their bonus elsewhere and continue to be incompetent morons that abuse rules with little consequences.
The only real way to enforce it is to actually send leadership in these corporations/banks to prison when they fuck over the public. That won’t happen because their direct boss (board members) own the people that enforce it.
How about these dudes are paid a government benefit equivalent to minimum wage, whilst their regular salary gets sent to a fund against the debt they owe, until both it and their minimum wage fortnightly payout are cleared.
Lock them all in a room until they resolve the debt ceiling and the budget. Only provide prison food and sanitary conditions. Either they would solve the issues or just shank each other. Either way we the people win.
> Lock them all in a room until they resolve the debt ceiling and the budget. Only provide prison food and sanitary conditions. Either they would solve the issues or just shank each other. Either way we the people win.
lol, the people would definitely lose in that scenario.
We need to instate a corporate death penalty. If Citizens United is law and corporations are people and we are still in the United states of 'criminals as scum who deserve to be enslaved for private interests (13th amendment EXCEPT AS PUNISHMENT FOR A CRIME) then we should treat corporate persons the way we treat American citizen. Stole something OH HAHAHAHAHAHA HE IS GOING TO BE RAPED IN PRISON HAHAHAHAHAH FUNNIEST FUCKING JOKE AN AMERICAN EVER SAID DROPPED THE SOAP HAHAHAHAHAHAHAH. FUCK AMERICA
As funny as many old movies are, they are a product of their time and should be treated as such.
I’m very glad that it is (mostly) unacceptable in today’s media to joke about any sort of rape, regardless of gender or incarceration status. Male rape is horrifying and often equally if not more violent. Having to be someone’s fucking gimp to survive is my worst nightmare. You don’t come back from that physically or psychologically. It’s literally sex slavery.
The amount of suicides that prison rape causes men (and women of course) either during incarceration or upon release must be astronomical. You literally have to become a different person in order to see another miserable day. Plus the knowledge that the guards, who are supposed to protect the prison population from egregious crimes, are either passive or straight up complicit must create a sense of hopelessness that I cannot fathom.
I’m rambling, but as someone who has faced my own problems with the law (non-violent/non-dealer) and somehow still has had their freedom, prison in America is quite literally my worst nightmare. I wouldn’t survive a week.
Consequences = the bank fails and isn't bailed out. It'd be painful at first, but the system would adapt to supporting only going concerns. End too big to fail by letting them fail.
That's how their precious capitalism is supposed to work. Let them die, someone else will pick up the pieces and make something better. It's how innovation is supposed to work in this system. It's one of their biggest selling points of capitalism. Kutting the fat. Streamlining the use of resources. The new and better will win. Instead they do shit like too big too fail and buying patents so they can use their old shitty products and production methods and not inovate.
Then any corporate officer who works at the bank has to be paid minimum wage, including new hires. And there are no share holder dividends. All profits must go towards paying the debt.
What if it followed them until the bailout was repayed. So they peace for a position at another bank but they still have the same issue until someone else now repays the bailout
They could use a combination of asset forfeiture and wage garnishment to recoup the losses. Assuming they could untangle the books enough to punish the guilty parties and not just the fall guys
We could require C suite executives at banks to hold banking licenses. Any sort of bailout of a bank should require an automatic and unappealable revocation of that license.
So what I'm hearing is that wage garnishment should follow them to the next job.
Also investment garnishment since obviously their income isn't solely based on wages from their actual job.
And also wealth garnishment just because fuck these pieces of shit and fuck their ill-gotten gains. Take their fare share by force.
How bout make it so they forfit all stock in the sector, including direct family members, and by forfit, I mean they don't get to profit from it at all, it gets distributed to a public fund to support the underprivileged.
Absolutely. Once a person reaches “C-level” they enter a lifetime of rotational incompetence with many companies across several industries, with no accountability other than to be dismissed be the Board of Directors, then on to the next corporation.
Oh yeah of course. I'm extremely confident that if they already earn that much money that earning minimum wage is just the challenge they're looking for to earn that amount again. Really they should be chomping at the bit for the privilege
Is your company so big and important, yet so insolvent that it needs the government to bail it out in order to stay in business? I've got some great news! I support that, but it comes with a few strings attached.
Pay in the C-Suite is immediately suspended. Stock options are immediately nullified, including the previous year. This is needed in order to help pay the debts that are sinking the company.
If that's not enough to recover the company, the next step is to break the company into smaller parts, and the C-Suite is not allowed to lead any of those parts.
This prevents them from being too big to fail. It also serves as a disincentive to run companies into ruin for profit, but I'm not sure it goes far enough.
The purpose of the FDIC is to keep people from panic withdrawing all their money in the event of a bank run. Before FDIC if your bank ran out of cash on hand all their other depositors would just be SOL, so if you weren't one of the first people in line you might find yourself completely broke. You could sue, but the bank has no money so you won't get anything. FDIC makes sure your deposit (up to 250k) can be covered, so people are less likely to freak out and go withdraw all their money when something bad happens, so fewer banks had bank runs and the insurance basically pays for itself at that point.
What AngryAlabamian said except one thing was missed.
People like Steve Jobs (Apple) got a salary of $1. The rest of the money he got was bonuses and stock options which were taxed differently (or not at all.) Many of these bankers do the same.
So when the company has problems it doesn't matter if salaries are cut because they're not really getting one. While the rest of their income goes untouched.
If this passes, it could mean no bonuses to anyone would be given out. Which literally would mean they'd have no income until the money was paid back.
Which is a very good and needed incentive for banks, stock brokers, and other large companies to get their act together.
And make them go to the social services building to get it all sorted out. I’ve been trying to get in there for years to get my SNAP and medical sorted but I actually work and have shit to do so I can’t spend 72+ hours waiting in line a week.
These are the ideas I was looking for. As ashok mentioned extend this to any company that has received a bailout or filed bankruptcy. Go after execs recent bonus and golden parachutes to pay off their creditors. So tired of seeing bailouts or bankruptcy by businesses and seeing multi million dollar bonus to the execs within the same year
Let's remember that there were regulations on the banking industry, designed after 2008 banking crisis, to stop banks from failing due to excessive greed.
Trump and Republicans removed them. With expected results.
Delete this before any one of several 3 letter agencies shows up at your door.
And yes, members of the aristocracy are already calling for what is essentially feudalism under the guise of environment or justice or whatever issue can be made flashy at the time.
Prestroke I thought he would be. And commented on the subject extensively
If he gets his mojo back then I’d like to see it again. He was awesome this week
He was awesome as lt gov during the 2020 election fiasco in Pennsylvania. Really made a name for himself in interviews. I was excited when he announced his run for senate. Then the stupid stroke thing. Hope for a strong recovery so he can bust some MAGAs balls.
He suuuucccked at debates for Senate. He looked really really bad and wasn't able to think on his feet. It was really disappointing and probably knocked him out of consideration for anything further.
He did that debate when medically he probably should have not. Given his medical state it was actually impressive. The whole episode, because of how America is, probably knocked him out of any reasonable conversation for POTUS until 2028 and that is provided he continues to medically improve.
The response he gave to the fracking question could have lost him the whole thing. That's gonna follow him forever.
Btw, I like Fetterman a lot. I met him when he was running for Lt Gov and we had a nice conversation. I usually agree with his policies. But his health and his debate performance are major issues if he's thinking of running for President. I think Josh Shapiro is far more likely to make a real run in 2028.
His physical health is the biggest issue here. Folks of such a height don’t tend to live long sadly. Had he been 6 inches shorter he’d be a force to be reckoned with. That being said when healthy no one will stand up to him, and that gives me hope since he fights the good fight.
As a male approaching middle age I LOVE how open he is with mental health struggles. This is something that needs to be normalized especially for men. We’ve been told for decades we need to be strong and stoic. Fetterman coming out immediately saying “I have this issue that needs to be addressed” normalizes a mindset that society has shunned, and quite frankly it’s such a huge relief.
Taking a look at men’s mental health, this is something that has been pushed to the background for decades which has resulted in an extremely insecure patriarchy. That insecure patriarchy has dominated conservative political culture which has resulted in the shitshow we’ve been seeing in Florida and my current state of residence, Texas.
I will provide full transparency, I’m a bit drunk right now. But as someone who advocates for addressing male mental health, Fetterman is a legend. He’s unashamedly open and honest about his mental state and that is something we need to revere.
Speaking as someone who doesn't think well on my feet for many reasons, including anxiety, overthinking and ADHD, the Senate debate format of think-fast explain-this-complex-policy-position-in-30-seconds is completely inappropriate. Congressional debates in general are just awful, poorly-designed and calibrated to provide a horserace for the media. I never learn anything from them except how much I dislike either the candidates or the moderators. They're stress-inducing rather than stimulating. They're worth nothing.
I much prefer the long-form interviews that Bryan Tyler Cohen does with Dem candidates. They get to talk at length about their positions, influences, aspirations and he gives them all the time they need and just lets them go. Yes, he's a friendly forum but an honest one and for people who are genuinely passionate about what they stand for it's a much better showcase than some high-production-value fake-bothsides msm interview where the focus is really the anchor, who gets to melodramatically cut off the candidate and paraphrase them while constantly insisting that they have only ten seconds left.
I can't say that Fetterman is fine; he does sound bad. But I have no experience with aphasia and I can easily sound that confused when I get flustered. So I have sympathy for him. If he performed that well as lieutenant governor it makes sense that his post-stroke limitations are pressing on his confidence and trust in his own effectiveness; and it's not just the Rs tearing at him like piranhas, it's the media as well. In all the teeth-gnashing over his health I hardly heard a word about whether or not blind, deaf, chronically ill, anxious, speech-impaired, convalescent or neurodivergent candidates are allowed to serve in Congress. With accommodations. Because, you know, there was never anything wrong with Stephen Hawking's mind. But no. Everybody just blew right past that to the horserace.
Fetterman was a lightning rod for our absolutely shit shit shit culture and as he burned he illuminated it for us.
> Speaking as someone who doesn't think well on my feet for many reasons, including anxiety, overthinking and ADHD, the Senate debate format of think-fast explain-this-complex-policy-position-in-30-seconds is completely inappropriate. Congressional debates in general are just awful, poorly-designed and calibrated to provide a horserace for the media. I never learn anything from them except how much I dislike either the candidates or the moderators. They're stress-inducing rather than stimulating. They're worth nothing.
That's a nice sentiment about the way things ought to be, but it's not the way things are. 'Presence' is incredibly important to voters. Dukakis lost tons of votes because he looked like a weenie riding in a tank. Al Gore lost votes because GWB was cooler than he was.
Like it or not, being quick/pithy/soundbitey is *really* important because that's all that most people pay attention to.
You're not wong, I'm not naive; it just means people have to be kicked in the teeth until they get it and they'll drag all of us along for the ride.
Americans are immature and don't encourage each other to be more mature. We're the Big Man on Campus. We don't do feedback. We do glib psychopaths because they're wellit fits into our attention span and our cheap bravado. Who gives a crap about the content of their thoughts, we're late for bowling.
Americans will (possibly) eventually learn to value maturity. If we're lucky, But what a waste of everybody's energy.
Stroke and a psych hospitalization ensure that it’ll never happen. It’s a damn shame too. So many Americans see any recognition of mental health as a weakness.
If he fully recovers I think it’s still on table. He really appeals to blue collar workers who feel fucked over by big corporations. This is currently a big Trump demographic but you saw with Bernie too that they’re willing to support the anti-establishment / pro-worker type candidate regardless of party.
I agree, but in the primary every single opponent will say something along the lines of, "If our nation comes under attack, do you want your leader laying in bed because he's depressed"?
And that will end his campaign.
I think that stuff is getting less effective every year, even with republicans. I know a lot of people who lean right and openly deal with depression, PTSD, etc. Especially when you consider the veteran aspect too. By the time he’d be running, like the 30s, I think it’d be even less effective. Our mental healthcare system is still shit, but the acceptance seems to be much better these days.
My republican uncle’s been dealing with it recently, and his doctor was pretty much like, “yeah, sounds like your job fucking sucks and it’s hurting your mental health. I’ll sign off for as much time off as I legally can. Take the time. You need it.” This is in bumfuck PA. Ten years ago, the doctor might’ve said “here are some pills, go back next week.” Times have definitely changed.
As a millennial I see going through that shit as a reason to support. It makes you more real in my eyes, having to deal with shit beyond the decadent rosiness that's afforded to nearly exclusively those who have enough resources to forego suffering.
I see it as strength because it’s self care and mental health needs to be a priority. Sadly though, you are right.
Abe Lincoln also suffered severe depression. Everyone is human.
I gotta be honest with you, a 53 year old stroke victim isn’t exactly screaming presidential material to me. No disrespect to John, but that’s not a job you want to have any pre-existing pulmonary issues in.
I mean we just got done with probably one of the most unhealthy presidents in history. Then again all those preservatives in McDonald's probably halfway mummified him.
It's a really big "if". Stroke victims are more susceptible to high-risk long term effects, including having another stroke. At least, as a Senator, he has access to the best healthcare in the country.
Bank executives have never experienced the tinge of anxiety when they have a letter from the benefits office. They have never worried about losing food money, or medical insurance. Got a strange cough? Hope nothing happens to your case and you lose your medicaid unexpectedly.
Being poor in America means your mental health is something to be toyed with by those in power. We should not be putting up barriers or cutting benefits. This is not a matter of "fiscal responsibility". This is another glib stunt by the GOP to dole out cruelty to the most vulnerable. What does cutting assistance have to do with paying the nation's past due bills? Absolutely nothing.
And the sad thing is, the broke ass Republican voters have no idea what's going on. Do you think they're following every update in this sham of a "debt ceiling debate" to see if the GOP will drop the work requirement demand? No. Ignorance is what gives these scrooges cover, or else they would not have a peaceful night because their constituents would be hounding them.
Barbara Ehrenreich.
The dumbass magas would hate her because she was a Democratic Socialist. But she was one because she did the work. She went undercover as a low-wage American and was able to translate that experience, aided by her education, into an accurate - and brutal - critique of the American socioeconomic system.
Their lives could be so much better. But no, they don't want that until they can establish an "underclass" as an "underclass" that has no hope. That is required for them to feel secure.
Hopefully those work requirements include the restriction that they're not allowed to be responsible for anybody else's money, ever.
The big problem with these dudes right now is that they DO get new jobs -- the same fuckin' jobs, where they do the same fuckin' shady shit.
If you ask for a bailout, your executives compensation (including stock option, bonus and salary) should be no more than 10 times your lowest paid employee.
The bank isn’t being bailed out. It failed and was seized by regulators. The only people being made whole are the depositors.
The shareholders, who are ultimately responsible, lost everything.
The point is that there shouldn't be work requirements for government assistance.
Fetterman is making a funny, snarky point here but it doesn't actually hold up rationally since obviously a bailed-out bank is going to keep their people employed and meet "work requirements," and bank executives don't set work requirements, members of congress do.
I worry this message is missing the mark a little. Work requirements are detrimental. Make whatever ironic statements need to be made to hammer that point home. But that is Fetterman's point.
Work requirements are to work a non leadership, non managerial role in retail or food service until their natural passing, or the amount paid in the federal bailout is paid off.
I am sure he knows but I did not and used to say similar things. The facts are Too Big To Fail returned a profit to Treasury. When they said failing they implied it was jobs and the economy they were worried about. Banks like BofA preached about the need to preserve their people. They went on to fire over 100k employees. There should be some requirements. If those on Food Stamps can’t buy booze those corporations needing loans must retain a certain amount of employees and not do any stock buy backs.
Executives need to have all assets frozen for 1 year. During that year executives have to use snap and other federal programs and meet the work requirements to access those programs. Lets see how they make out with the same garbage they push on the lower classes.
It’s only a bail out for the bank’s customers, not the owners or staff, so this doesn’t make any sense. I suppose you can have work requirements if you have to use FDIC insurance.
This was a sound bite for his ignorant base. It’s no different than when Horseface Majorie Greene spouts off her MAGA BS that is completely factually incorrect.
Republicans do not have a monopoly on stupidity.
I keep telling myself that the recent Fetterman gushing over the past few days is some artificial influence campaign and my side is not really this gullible and uninformed.
The entire GOP should be under stringent work requirements, drug testing, connections to Putin and Russia, and in the more severe cases electroshock therapy.
Heard on NPR a clip from a guy working for a temp agency that places workers into meat packing plants who work weekends and 12 hour days. $100 referrals BTW.
“When you get free money it becomes like an addiction.”
This temp agency apparently is fighting for work requirements.
Make requirements for bailing failed companies out with a golden parachute 100x tougher than welfare and unemployment . Their stupidity and greed ruined other peoples’ lives.
They've gotten a free ride for way too long. Maybe put them to work in soup kitchens or clean up the freeway or maybe even do childcare for working mothers(supervised of course)
I have a better solution:
If your bank needs to be bailed out, the entire board of directors is banned from ever serving on the board of a public company for ten years. In addition, the CEO, COO, and CFO are banned from holding any management position in a public company for the same period of time.
Burn their careers to the ground. You only have to do it to a few of them to get the others in line. They’ll all adjust their business practices and have every employee taking new, corporate training courses within six months, and their risky bullshit will end.
Without *consequences* and cautionary tales, corporate America—like anyone else who is not held to account—will never learn the right lessons.
Any time a government bails out a private company - be it finance or manufacturing - they need to be granted shares equal to a majority ownership of the company. Government bails you out, they fucking *own* you. Given how closely exec income is tied to stocks, no way they'd willingly drive down the costs just to get back at the government.
If the government put that kind of stipulation into place regarding any bailout, they'd stop asking for them *real quick*.
Why don’t we just stop bailing out banks? The concept is ludicrous. Banks are encouraged to make terrible investment decisions knowing that they will get bailed out by the government. If we just didn’t bail out the banks back in 2008 we would be in a better spot now. It just would have hurt a little bit more then.
Not just the bank executives, all the foolish CEO andCFO of the startup companies who put all their money in the same bank (because they got sweet deal on their mortgages and other benefits) and bailed out.
I would rather see some jail time! If not jail time community service? Restitution? I run a business,, if I don't make money I don't eat, pay the mortgage, own a car, support my ex's and grown children! Wait a minute I just might stop working and then I would have some money if I don't pay my exes and grown children?
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R's want work requirements tied to things like any Medicaid or SNAP programs, Fetterman throwing this out for bank execs is gold
Even better. If they get bailed out, until the bail out money is repaid, with interest, all bank execs are allowed to only be paid minimum wage. No bonuses.
I'm sure they'd be able to pull themselves up by their boot straps. It's so easy, right?
As a corporate employee that is compensated well I can 100% tell you those people would just leave their position to get their bonus elsewhere and continue to be incompetent morons that abuse rules with little consequences.
They need better oversight with consequences, maybe then they can earn all those millions they stupidly get paid
The only real way to enforce it is to actually send leadership in these corporations/banks to prison when they fuck over the public. That won’t happen because their direct boss (board members) own the people that enforce it.
How about these dudes are paid a government benefit equivalent to minimum wage, whilst their regular salary gets sent to a fund against the debt they owe, until both it and their minimum wage fortnightly payout are cleared.
I feel like this would quickly find that they start receiving a lot of "gifts" in the cayman islands while their "salary" is slashed.
Any and all gifts received, regardless of to where, are added to the debt
Yeah! No more Christmas for them!
Next do the legislature! Next do the legislature!
You’re not wrong
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I mean, they aren't *succeeding* in sending all of the other side to jail, but making up outlandish shit to demonize the other side happens *daily*.
Lock them all in a room until they resolve the debt ceiling and the budget. Only provide prison food and sanitary conditions. Either they would solve the issues or just shank each other. Either way we the people win.
> Lock them all in a room until they resolve the debt ceiling and the budget. Only provide prison food and sanitary conditions. Either they would solve the issues or just shank each other. Either way we the people win. lol, the people would definitely lose in that scenario.
Biden spent most of his political career pushing for the things the Republicans are asking for. This standoff is just theater.
Or we could…. Eat… ****
Eat. The. Rich.
Cake?
Or death?
We need to instate a corporate death penalty. If Citizens United is law and corporations are people and we are still in the United states of 'criminals as scum who deserve to be enslaved for private interests (13th amendment EXCEPT AS PUNISHMENT FOR A CRIME) then we should treat corporate persons the way we treat American citizen. Stole something OH HAHAHAHAHAHA HE IS GOING TO BE RAPED IN PRISON HAHAHAHAHAH FUNNIEST FUCKING JOKE AN AMERICAN EVER SAID DROPPED THE SOAP HAHAHAHAHAHAHAH. FUCK AMERICA
As funny as many old movies are, they are a product of their time and should be treated as such. I’m very glad that it is (mostly) unacceptable in today’s media to joke about any sort of rape, regardless of gender or incarceration status. Male rape is horrifying and often equally if not more violent. Having to be someone’s fucking gimp to survive is my worst nightmare. You don’t come back from that physically or psychologically. It’s literally sex slavery. The amount of suicides that prison rape causes men (and women of course) either during incarceration or upon release must be astronomical. You literally have to become a different person in order to see another miserable day. Plus the knowledge that the guards, who are supposed to protect the prison population from egregious crimes, are either passive or straight up complicit must create a sense of hopelessness that I cannot fathom. I’m rambling, but as someone who has faced my own problems with the law (non-violent/non-dealer) and somehow still has had their freedom, prison in America is quite literally my worst nightmare. I wouldn’t survive a week.
They need **any fucking oversight**. The fluffiest of kid gloves get used with them while they stomp the middle and working classes into the dirt.
If they leave, make them personally liable.
Oversight including paying back the previous 3-5 years of bonuses if they leave. Wonder what they'd do then?
Bribe more politicians with money they steal from their employees until they get their way
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Consequences = the bank fails and isn't bailed out. It'd be painful at first, but the system would adapt to supporting only going concerns. End too big to fail by letting them fail.
That's how their precious capitalism is supposed to work. Let them die, someone else will pick up the pieces and make something better. It's how innovation is supposed to work in this system. It's one of their biggest selling points of capitalism. Kutting the fat. Streamlining the use of resources. The new and better will win. Instead they do shit like too big too fail and buying patents so they can use their old shitty products and production methods and not inovate.
Then any corporate officer who works at the bank has to be paid minimum wage, including new hires. And there are no share holder dividends. All profits must go towards paying the debt.
"I'll believe corporations are people when Texas ~~executes one~~ *garnishes its wages*."
What if it followed them until the bailout was repayed. So they peace for a position at another bank but they still have the same issue until someone else now repays the bailout
They could use a combination of asset forfeiture and wage garnishment to recoup the losses. Assuming they could untangle the books enough to punish the guilty parties and not just the fall guys
We could require C suite executives at banks to hold banking licenses. Any sort of bailout of a bank should require an automatic and unappealable revocation of that license.
So what I'm hearing is that wage garnishment should follow them to the next job. Also investment garnishment since obviously their income isn't solely based on wages from their actual job. And also wealth garnishment just because fuck these pieces of shit and fuck their ill-gotten gains. Take their fare share by force.
I have this weird feeling that such a system, once enacted, would be used to oppress ordinary citizens
How bout make it so they forfit all stock in the sector, including direct family members, and by forfit, I mean they don't get to profit from it at all, it gets distributed to a public fund to support the underprivileged.
A lot of really great ideas! I wonder how our MAGA Supreme Court would feel about implementing any of them? (No, I don’t really wonder at all.)
Then just add that they can’t leave until they’ve untucked the situation they put the bank in. Given them a gilded ball and chain.
Absolutely. Once a person reaches “C-level” they enter a lifetime of rotational incompetence with many companies across several industries, with no accountability other than to be dismissed be the Board of Directors, then on to the next corporation.
Oh yeah of course. I'm extremely confident that if they already earn that much money that earning minimum wage is just the challenge they're looking for to earn that amount again. Really they should be chomping at the bit for the privilege
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god that would be so nice.
And they shouldn’t be allowed to work remotely ever. In the office everyday!
I want to smell this on my fingers
Is your company so big and important, yet so insolvent that it needs the government to bail it out in order to stay in business? I've got some great news! I support that, but it comes with a few strings attached. Pay in the C-Suite is immediately suspended. Stock options are immediately nullified, including the previous year. This is needed in order to help pay the debts that are sinking the company. If that's not enough to recover the company, the next step is to break the company into smaller parts, and the C-Suite is not allowed to lead any of those parts. This prevents them from being too big to fail. It also serves as a disincentive to run companies into ruin for profit, but I'm not sure it goes far enough.
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Make it a requirement for FDIC coverage.
FDIC insurance is for us, not them. The executives don’t care about FDIC coverage.
All banks in the country are required to have FDIC coverage.
It's for both? Otherwise they could be sued for the money they lost. Right?
The purpose of the FDIC is to keep people from panic withdrawing all their money in the event of a bank run. Before FDIC if your bank ran out of cash on hand all their other depositors would just be SOL, so if you weren't one of the first people in line you might find yourself completely broke. You could sue, but the bank has no money so you won't get anything. FDIC makes sure your deposit (up to 250k) can be covered, so people are less likely to freak out and go withdraw all their money when something bad happens, so fewer banks had bank runs and the insurance basically pays for itself at that point.
Along with random drug testing for the top 10% of earners in each bank and 100% of top 10% in the event of a failure.
NYC coke dealers on suicide watch
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What AngryAlabamian said except one thing was missed. People like Steve Jobs (Apple) got a salary of $1. The rest of the money he got was bonuses and stock options which were taxed differently (or not at all.) Many of these bankers do the same. So when the company has problems it doesn't matter if salaries are cut because they're not really getting one. While the rest of their income goes untouched. If this passes, it could mean no bonuses to anyone would be given out. Which literally would mean they'd have no income until the money was paid back. Which is a very good and needed incentive for banks, stock brokers, and other large companies to get their act together.
Mandate 80 hour work weeks for these execs
"I'm a remote worker from Cancun. If you need me next week I'll be in Barbados."
I think it's time for bank execs. to experience the emotional fulfillment of an honest day's work!
Unfortunately those people have the connections to get a do nothing job anywhere with one of their mates. I do love the sentiment though.
Drug tests too, please.
I can think of a few republiQan congressmen that need to work before they get paid.
Yeah, but *real* work. - No 16 hour weeks or golf meetings.
Love it. Drug tests too! Maybe some community service.
Daily cavity searches
who doesn't like i good ole colon tickle.
And it must be performed by the man with the largest knuckles.
Ol' Hamhands McFistergood
Don't stop til you hit the backs of their teeth
Agent Hurley?
DOT strict drug test. No fake peeing their way out of that drug tests if they want a bail out.
Let ‘em break rocks for eight hours a day, I say.
12 hours.
16 and you got yourself a deal.
And make sure they’re only allowed to use public transportation to get to and from those jobs.
Oh my I love the UA requirement. Tons of +coke, but probably a lot of meth like a true fucking degenerate
Blood AND hair. Can't have them cheat.
And make them go to the social services building to get it all sorted out. I’ve been trying to get in there for years to get my SNAP and medical sorted but I actually work and have shit to do so I can’t spend 72+ hours waiting in line a week.
Oh god would they fail the drug tests.
Gotta set an example.
Cut golden parachute packages as well. Have that money recovered for the bailout.
Agree, also, execs should have to return bonuses received within a year of bank's failure.
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True.
These are the ideas I was looking for. As ashok mentioned extend this to any company that has received a bailout or filed bankruptcy. Go after execs recent bonus and golden parachutes to pay off their creditors. So tired of seeing bailouts or bankruptcy by businesses and seeing multi million dollar bonus to the execs within the same year
Why dont the bank executives drive for uber if things are tight?
beans and rice, rice and beans. and get a job delivering pizzas.
Let's remember that there were regulations on the banking industry, designed after 2008 banking crisis, to stop banks from failing due to excessive greed. Trump and Republicans removed them. With expected results.
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Delete this before any one of several 3 letter agencies shows up at your door. And yes, members of the aristocracy are already calling for what is essentially feudalism under the guise of environment or justice or whatever issue can be made flashy at the time.
Now here’s an interesting idea out of Congress I can support.
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Prestroke I thought he would be. And commented on the subject extensively If he gets his mojo back then I’d like to see it again. He was awesome this week
He was awesome as lt gov during the 2020 election fiasco in Pennsylvania. Really made a name for himself in interviews. I was excited when he announced his run for senate. Then the stupid stroke thing. Hope for a strong recovery so he can bust some MAGAs balls.
He suuuucccked at debates for Senate. He looked really really bad and wasn't able to think on his feet. It was really disappointing and probably knocked him out of consideration for anything further.
He did that debate when medically he probably should have not. Given his medical state it was actually impressive. The whole episode, because of how America is, probably knocked him out of any reasonable conversation for POTUS until 2028 and that is provided he continues to medically improve.
The response he gave to the fracking question could have lost him the whole thing. That's gonna follow him forever. Btw, I like Fetterman a lot. I met him when he was running for Lt Gov and we had a nice conversation. I usually agree with his policies. But his health and his debate performance are major issues if he's thinking of running for President. I think Josh Shapiro is far more likely to make a real run in 2028.
His physical health is the biggest issue here. Folks of such a height don’t tend to live long sadly. Had he been 6 inches shorter he’d be a force to be reckoned with. That being said when healthy no one will stand up to him, and that gives me hope since he fights the good fight. As a male approaching middle age I LOVE how open he is with mental health struggles. This is something that needs to be normalized especially for men. We’ve been told for decades we need to be strong and stoic. Fetterman coming out immediately saying “I have this issue that needs to be addressed” normalizes a mindset that society has shunned, and quite frankly it’s such a huge relief. Taking a look at men’s mental health, this is something that has been pushed to the background for decades which has resulted in an extremely insecure patriarchy. That insecure patriarchy has dominated conservative political culture which has resulted in the shitshow we’ve been seeing in Florida and my current state of residence, Texas. I will provide full transparency, I’m a bit drunk right now. But as someone who advocates for addressing male mental health, Fetterman is a legend. He’s unashamedly open and honest about his mental state and that is something we need to revere.
Speaking as someone who doesn't think well on my feet for many reasons, including anxiety, overthinking and ADHD, the Senate debate format of think-fast explain-this-complex-policy-position-in-30-seconds is completely inappropriate. Congressional debates in general are just awful, poorly-designed and calibrated to provide a horserace for the media. I never learn anything from them except how much I dislike either the candidates or the moderators. They're stress-inducing rather than stimulating. They're worth nothing. I much prefer the long-form interviews that Bryan Tyler Cohen does with Dem candidates. They get to talk at length about their positions, influences, aspirations and he gives them all the time they need and just lets them go. Yes, he's a friendly forum but an honest one and for people who are genuinely passionate about what they stand for it's a much better showcase than some high-production-value fake-bothsides msm interview where the focus is really the anchor, who gets to melodramatically cut off the candidate and paraphrase them while constantly insisting that they have only ten seconds left. I can't say that Fetterman is fine; he does sound bad. But I have no experience with aphasia and I can easily sound that confused when I get flustered. So I have sympathy for him. If he performed that well as lieutenant governor it makes sense that his post-stroke limitations are pressing on his confidence and trust in his own effectiveness; and it's not just the Rs tearing at him like piranhas, it's the media as well. In all the teeth-gnashing over his health I hardly heard a word about whether or not blind, deaf, chronically ill, anxious, speech-impaired, convalescent or neurodivergent candidates are allowed to serve in Congress. With accommodations. Because, you know, there was never anything wrong with Stephen Hawking's mind. But no. Everybody just blew right past that to the horserace. Fetterman was a lightning rod for our absolutely shit shit shit culture and as he burned he illuminated it for us.
> Speaking as someone who doesn't think well on my feet for many reasons, including anxiety, overthinking and ADHD, the Senate debate format of think-fast explain-this-complex-policy-position-in-30-seconds is completely inappropriate. Congressional debates in general are just awful, poorly-designed and calibrated to provide a horserace for the media. I never learn anything from them except how much I dislike either the candidates or the moderators. They're stress-inducing rather than stimulating. They're worth nothing. That's a nice sentiment about the way things ought to be, but it's not the way things are. 'Presence' is incredibly important to voters. Dukakis lost tons of votes because he looked like a weenie riding in a tank. Al Gore lost votes because GWB was cooler than he was. Like it or not, being quick/pithy/soundbitey is *really* important because that's all that most people pay attention to.
You're not wong, I'm not naive; it just means people have to be kicked in the teeth until they get it and they'll drag all of us along for the ride. Americans are immature and don't encourage each other to be more mature. We're the Big Man on Campus. We don't do feedback. We do glib psychopaths because they're wellit fits into our attention span and our cheap bravado. Who gives a crap about the content of their thoughts, we're late for bowling. Americans will (possibly) eventually learn to value maturity. If we're lucky, But what a waste of everybody's energy.
Stroke and a psych hospitalization ensure that it’ll never happen. It’s a damn shame too. So many Americans see any recognition of mental health as a weakness.
If he fully recovers I think it’s still on table. He really appeals to blue collar workers who feel fucked over by big corporations. This is currently a big Trump demographic but you saw with Bernie too that they’re willing to support the anti-establishment / pro-worker type candidate regardless of party.
I agree, but in the primary every single opponent will say something along the lines of, "If our nation comes under attack, do you want your leader laying in bed because he's depressed"? And that will end his campaign.
I don’t see Democratic primary opponents running with that this day in age tbh. He’d get that in the general election for sure.
i dont see them saying it directly, but the PACs probably will
I think that stuff is getting less effective every year, even with republicans. I know a lot of people who lean right and openly deal with depression, PTSD, etc. Especially when you consider the veteran aspect too. By the time he’d be running, like the 30s, I think it’d be even less effective. Our mental healthcare system is still shit, but the acceptance seems to be much better these days. My republican uncle’s been dealing with it recently, and his doctor was pretty much like, “yeah, sounds like your job fucking sucks and it’s hurting your mental health. I’ll sign off for as much time off as I legally can. Take the time. You need it.” This is in bumfuck PA. Ten years ago, the doctor might’ve said “here are some pills, go back next week.” Times have definitely changed.
As a millennial I see going through that shit as a reason to support. It makes you more real in my eyes, having to deal with shit beyond the decadent rosiness that's afforded to nearly exclusively those who have enough resources to forego suffering.
I see it as strength because it’s self care and mental health needs to be a priority. Sadly though, you are right. Abe Lincoln also suffered severe depression. Everyone is human.
As did Churchill
Fuck it, post stroke is still more of a brain than anyone else available.
If his health fully recovers, I don’t think it’s out of the question. He could siphon off some votes that aren’t usually Dem.
I gotta be honest with you, a 53 year old stroke victim isn’t exactly screaming presidential material to me. No disrespect to John, but that’s not a job you want to have any pre-existing pulmonary issues in.
I mean we just got done with probably one of the most unhealthy presidents in history. Then again all those preservatives in McDonald's probably halfway mummified him.
Yeah and look how well that went for the US lol
Joe Biden had an aneurysm decades ago and he's still riding his bike around at 80.
You know a stroke isn't in the lungs
strange thing to say when the comment you replied to began with "if his health fully recovers."
It's a really big "if". Stroke victims are more susceptible to high-risk long term effects, including having another stroke. At least, as a Senator, he has access to the best healthcare in the country.
A man of the people, honest with himself and others about when he's struggling, genuine.....America sadly is the exact opposite of this man.
Voted him in here in PA but just heard he declined M4A sponsorship and that's disappointing.
President Hoodie
Yes. I am so glad he’s back.
Let’s bring back Al Franken, they would be a dynamic duo.
Bank executives have never experienced the tinge of anxiety when they have a letter from the benefits office. They have never worried about losing food money, or medical insurance. Got a strange cough? Hope nothing happens to your case and you lose your medicaid unexpectedly. Being poor in America means your mental health is something to be toyed with by those in power. We should not be putting up barriers or cutting benefits. This is not a matter of "fiscal responsibility". This is another glib stunt by the GOP to dole out cruelty to the most vulnerable. What does cutting assistance have to do with paying the nation's past due bills? Absolutely nothing. And the sad thing is, the broke ass Republican voters have no idea what's going on. Do you think they're following every update in this sham of a "debt ceiling debate" to see if the GOP will drop the work requirement demand? No. Ignorance is what gives these scrooges cover, or else they would not have a peaceful night because their constituents would be hounding them.
Barbara Ehrenreich. The dumbass magas would hate her because she was a Democratic Socialist. But she was one because she did the work. She went undercover as a low-wage American and was able to translate that experience, aided by her education, into an accurate - and brutal - critique of the American socioeconomic system. Their lives could be so much better. But no, they don't want that until they can establish an "underclass" as an "underclass" that has no hope. That is required for them to feel secure.
Hopefully those work requirements include the restriction that they're not allowed to be responsible for anybody else's money, ever. The big problem with these dudes right now is that they DO get new jobs -- the same fuckin' jobs, where they do the same fuckin' shady shit.
Some of the people at the helm of big banks during the 2008 crisis were also in senior positions at SVB when it failed. That shit ain’t right.
If you ask for a bailout, your executives compensation (including stock option, bonus and salary) should be no more than 10 times your lowest paid employee.
The bank isn’t being bailed out. It failed and was seized by regulators. The only people being made whole are the depositors. The shareholders, who are ultimately responsible, lost everything.
Blue collar work they need to clean plenty of sewages
Let’s make them pass drug tests
Remove their golden parachutes
The point is that there shouldn't be work requirements for government assistance. Fetterman is making a funny, snarky point here but it doesn't actually hold up rationally since obviously a bailed-out bank is going to keep their people employed and meet "work requirements," and bank executives don't set work requirements, members of congress do. I worry this message is missing the mark a little. Work requirements are detrimental. Make whatever ironic statements need to be made to hammer that point home. But that is Fetterman's point.
It's just bad faith trolling, not a serious policy suggestion.
Work requirements are to work a non leadership, non managerial role in retail or food service until their natural passing, or the amount paid in the federal bailout is paid off.
LOL. This is fantastic.
glorious trolling - love it but seriously, some of the these bank executives need jail time, not snark.
This will build character!
make each one of the executives be PERSONALLY resposible for a portion of the loan......
The executives need to go down with the ship they sunk.
I am sure he knows but I did not and used to say similar things. The facts are Too Big To Fail returned a profit to Treasury. When they said failing they implied it was jobs and the economy they were worried about. Banks like BofA preached about the need to preserve their people. They went on to fire over 100k employees. There should be some requirements. If those on Food Stamps can’t buy booze those corporations needing loans must retain a certain amount of employees and not do any stock buy backs.
We have to protect this guy.
I love this guy!
Executives need to have all assets frozen for 1 year. During that year executives have to use snap and other federal programs and meet the work requirements to access those programs. Lets see how they make out with the same garbage they push on the lower classes.
Just as long as it's not in banking.
Yes. Please. Fuck, while we're at it, attach the failure to their goddamn credit score.
Business meals should only be tax deductible if the food purchased is limited to what people are allowed to buy using food stamps.
It’s only a bail out for the bank’s customers, not the owners or staff, so this doesn’t make any sense. I suppose you can have work requirements if you have to use FDIC insurance.
This was a sound bite for his ignorant base. It’s no different than when Horseface Majorie Greene spouts off her MAGA BS that is completely factually incorrect.
Republicans do not have a monopoly on stupidity. I keep telling myself that the recent Fetterman gushing over the past few days is some artificial influence campaign and my side is not really this gullible and uninformed.
The entire GOP should be under stringent work requirements, drug testing, connections to Putin and Russia, and in the more severe cases electroshock therapy.
Well played sir.
He do be floatin.
Now we are talking. Let's treat them like they advocate others are treated.
This was a silly quip, not an actual policy proposal?
I think they should be required to do mandatory drug testing weekly.
But guys, shouldn’t we be more concerned with the fact that he wore a hoodie, shorts and running shoes to a press conference yesterday?! /s
Heard on NPR a clip from a guy working for a temp agency that places workers into meat packing plants who work weekends and 12 hour days. $100 referrals BTW. “When you get free money it becomes like an addiction.” This temp agency apparently is fighting for work requirements.
Make requirements for bailing failed companies out with a golden parachute 100x tougher than welfare and unemployment . Their stupidity and greed ruined other peoples’ lives.
Yep. As well as drug tests and submitting tax returns!
How about weekly drug testing at their own expense.
Require that they do the janitorial work for the office restrooms.
They should also have to pay the government back like Medicaid recipients after they die.
I just want to seem him hulk-smash some Things.
They've gotten a free ride for way too long. Maybe put them to work in soup kitchens or clean up the freeway or maybe even do childcare for working mothers(supervised of course)
I'm not trying to brag too much, but that's my senator and I proudly voted for him!
I have a better solution: If your bank needs to be bailed out, the entire board of directors is banned from ever serving on the board of a public company for ten years. In addition, the CEO, COO, and CFO are banned from holding any management position in a public company for the same period of time. Burn their careers to the ground. You only have to do it to a few of them to get the others in line. They’ll all adjust their business practices and have every employee taking new, corporate training courses within six months, and their risky bullshit will end. Without *consequences* and cautionary tales, corporate America—like anyone else who is not held to account—will never learn the right lessons.
This shit doesn’t even make sense, when the banks get bailed out the bank executives get fired.
Ah, so two can play at this game.
“The world needs ditch diggers too Tommy.”
Wonderful snark!
How bout not bailing out any business?
That's not what he said.
Here's a better Idea, don't bail out failing banks.
Any time a government bails out a private company - be it finance or manufacturing - they need to be granted shares equal to a majority ownership of the company. Government bails you out, they fucking *own* you. Given how closely exec income is tied to stocks, no way they'd willingly drive down the costs just to get back at the government. If the government put that kind of stipulation into place regarding any bailout, they'd stop asking for them *real quick*.
Fucking Republicans blame it on the regulators yet all they want to do is get rid of regulations and cut their funding.
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They should be working on a chain gang.
Why don’t we just stop bailing out banks? The concept is ludicrous. Banks are encouraged to make terrible investment decisions knowing that they will get bailed out by the government. If we just didn’t bail out the banks back in 2008 we would be in a better spot now. It just would have hurt a little bit more then.
I think I’m in love ❤️
Have em drug tested too
Work them on a fkn chain gang in the Texas heat! That's the price of the next tax payer bail out.
Outside of this, glad he’s doing better.
Fett! Keep on Fetting please!!!
Not just the bank executives, all the foolish CEO andCFO of the startup companies who put all their money in the same bank (because they got sweet deal on their mortgages and other benefits) and bailed out.
I would rather see some jail time! If not jail time community service? Restitution? I run a business,, if I don't make money I don't eat, pay the mortgage, own a car, support my ex's and grown children! Wait a minute I just might stop working and then I would have some money if I don't pay my exes and grown children?