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bubba99
ParticipantDoes anyone believe that when Morgan Stanley strategically defaulted on millions of dollars of commercial property in S.F. it was a moral issue?
Morality had nothing to do with it. Purely Business.
If it is a moral issue, there is no difference between a strategic default and a “necessary” one. Would you have both burned at the stake, or just the “strategic defaulter”. How about we reopen debtors prisons and throw all of the defaulters in – both individuals and business’s
ParticipantDoes anyone believe that when Morgan Stanley strategically defaulted on millions of dollars of commercial property in S.F. it was a moral issue?
Morality had nothing to do with it. Purely Business.
If it is a moral issue, there is no difference between a strategic default and a “necessary” one. Would you have both burned at the stake, or just the “strategic defaulter”. How about we reopen debtors prisons and throw all of the defaulters in – both individuals and business’s
ParticipantIMHO the next rabbit will be direct loans to business. Just like using fannie and freddie to bypass the frozen mortgage market, we will have the Small Business Administration expand and make direct loans to business..Thus creating a new business credit bubble. If not direct loans, create a loan guarantee program to make them risk free to the lender.
ParticipantIMHO the next rabbit will be direct loans to business. Just like using fannie and freddie to bypass the frozen mortgage market, we will have the Small Business Administration expand and make direct loans to business..Thus creating a new business credit bubble. If not direct loans, create a loan guarantee program to make them risk free to the lender.
ParticipantIMHO the next rabbit will be direct loans to business. Just like using fannie and freddie to bypass the frozen mortgage market, we will have the Small Business Administration expand and make direct loans to business..Thus creating a new business credit bubble. If not direct loans, create a loan guarantee program to make them risk free to the lender.
ParticipantIMHO the next rabbit will be direct loans to business. Just like using fannie and freddie to bypass the frozen mortgage market, we will have the Small Business Administration expand and make direct loans to business..Thus creating a new business credit bubble. If not direct loans, create a loan guarantee program to make them risk free to the lender.
ParticipantIMHO the next rabbit will be direct loans to business. Just like using fannie and freddie to bypass the frozen mortgage market, we will have the Small Business Administration expand and make direct loans to business..Thus creating a new business credit bubble. If not direct loans, create a loan guarantee program to make them risk free to the lender.
August 12, 2010 at 7:55 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589904ParticipantYea, I see what you mean. I meant the other way. Four years ago, the journeyman level was GS-9, $17,000 less than today. Over the past five years the job has been upgraded from 9, to 11, to 12 this year.
August 12, 2010 at 7:55 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589997ParticipantYea, I see what you mean. I meant the other way. Four years ago, the journeyman level was GS-9, $17,000 less than today. Over the past five years the job has been upgraded from 9, to 11, to 12 this year.
August 12, 2010 at 7:55 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590533ParticipantYea, I see what you mean. I meant the other way. Four years ago, the journeyman level was GS-9, $17,000 less than today. Over the past five years the job has been upgraded from 9, to 11, to 12 this year.
August 12, 2010 at 7:55 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590641ParticipantYea, I see what you mean. I meant the other way. Four years ago, the journeyman level was GS-9, $17,000 less than today. Over the past five years the job has been upgraded from 9, to 11, to 12 this year.
August 12, 2010 at 7:55 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590950ParticipantYea, I see what you mean. I meant the other way. Four years ago, the journeyman level was GS-9, $17,000 less than today. Over the past five years the job has been upgraded from 9, to 11, to 12 this year.
August 11, 2010 at 1:52 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589484ParticipantThe base salaries dont tell the whole story. My GS-12 (effective 9/1/10)base is around $80K, but the overtime adds a minimum of $10k to a max of $35K. Minimum because there is much forced overtime. And every minute over 8 hours per day or 40 hours per week is double time, not time and a half. Plus, vacation and sick leave count toward the 8 hour and 40 hour threshold. eg, call in sick all week, work the weekend and get paid double time for all weekend hours.
Last year retirement was increased by 70% – from 1 percent per year to 1.7 percent per year. And also includes an employer contribution to a savings plan, and full access to social security.
The GS salary schedules have crept up by about $17,000/year since 2004. This is on top of cost of living and regular step increases. As a GS-9 the pay was about right for the job. But somehow the GS-9 journeyman has given way to a GS-12 journeyman with double the retirement.
As a tax payer, I see a troubling trend. The pay is why out of line with the required high school graduate skill set.
August 11, 2010 at 1:52 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590113ParticipantThe base salaries dont tell the whole story. My GS-12 (effective 9/1/10)base is around $80K, but the overtime adds a minimum of $10k to a max of $35K. Minimum because there is much forced overtime. And every minute over 8 hours per day or 40 hours per week is double time, not time and a half. Plus, vacation and sick leave count toward the 8 hour and 40 hour threshold. eg, call in sick all week, work the weekend and get paid double time for all weekend hours.
Last year retirement was increased by 70% – from 1 percent per year to 1.7 percent per year. And also includes an employer contribution to a savings plan, and full access to social security.
The GS salary schedules have crept up by about $17,000/year since 2004. This is on top of cost of living and regular step increases. As a GS-9 the pay was about right for the job. But somehow the GS-9 journeyman has given way to a GS-12 journeyman with double the retirement.
As a tax payer, I see a troubling trend. The pay is why out of line with the required high school graduate skill set.
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