Wednesday, May 13, 2009

Invasive government

Obama administration officials are contemplating a major overhaul of the compensation practices in the financial services industry, moving beyond banks to include more loosely regulated hedge funds and private equity firms.

- NY Times (link here)

Or, invasive government seeks ways to become more invasive.

Maybe someday everyone will have a government job like the old Soviet-style system that was and still is much beloved by liberals.

Of course, the top liberals would have their own private dachas and luxury goods stores.

1 comment:

Mark said...

I am a private equity guy. Now I will have to report to Obama?

Am I allowed to quit, or will that be illegal?

Time to take the family over the mountain? Hey, I just watched Sound of Music...