Something seems to be missing from brownstoner today. Oh I know what – someone needs to get totally bent out of shape about a completely innocuous comment and act all thin skinned and sanctimonious for a while. Then we can all gang up on that person, go too far with it, apologize, and all get back to talking about sex and cats and making painful puns on the OT.
“the chicken you know what this means for NYC? I mean forget about the price of RE, but the city as a whole
Posted by: brickoven at September 18, 2009 12:37 PM”
I know what it means in theory but I think the practical aspects of it will be overwhelming and will ultimately be doomed to fail.
Here’s just one example.
“The proposal will likely push banks to use “clawbacks” — provisions to reclaim the pay of staffers who take risks that hurt their firms”
Sounds great in theory, right? I give you a bonus based upon the business that you write. If that business subsequently goes sour, you have to pay me back. Except that this can never be enforced – almost by definition, a default arises due to a change in circumstances of the borrower and the employee will easily be able to argue that this could not have been reasonable foreseen and that the employer should have taken out insurance if they were concerned about the default.
That’s just one but the level of “stupid” in the overall proposal is just staggering.
Has anyone seen beoch or bitter? I had a question for them on the emails they sent me earlier.
schlomotions, check your email.
Bxgirl, but I called shotgun first! Besides…I need the front seat so I can stretch out my injured limb and be comfy 🙂 In short, IT’S MINE!
Something seems to be missing from brownstoner today. Oh I know what – someone needs to get totally bent out of shape about a completely innocuous comment and act all thin skinned and sanctimonious for a while. Then we can all gang up on that person, go too far with it, apologize, and all get back to talking about sex and cats and making painful puns on the OT.
ewife, there you are . . . since you’re keeping me, guess what I want for my birthday?
chicken, I don’t see me on a motorcyle, but at the rate I’m going, you never know.
CGAR, Porche it up baby! Better still, get a motorbike!
Excuse me, snappy- I am his e-wife. Guess who gets to ride shotgun? (hint- bxgrl!) 😉
“the chicken you know what this means for NYC? I mean forget about the price of RE, but the city as a whole
Posted by: brickoven at September 18, 2009 12:37 PM”
I know what it means in theory but I think the practical aspects of it will be overwhelming and will ultimately be doomed to fail.
Here’s just one example.
“The proposal will likely push banks to use “clawbacks” — provisions to reclaim the pay of staffers who take risks that hurt their firms”
Sounds great in theory, right? I give you a bonus based upon the business that you write. If that business subsequently goes sour, you have to pay me back. Except that this can never be enforced – almost by definition, a default arises due to a change in circumstances of the borrower and the employee will easily be able to argue that this could not have been reasonable foreseen and that the employer should have taken out insurance if they were concerned about the default.
That’s just one but the level of “stupid” in the overall proposal is just staggering.
I call shotgun in Cargar’s Porsche…PLUSA ROADTRIP!