Wall Street Pay Regulation – How to Create a Win-Win Situation

Wall Street Bull

Wall Street Bull

Wall Street Pay Regulation – How to Create a Win-Win Situation

Much has been written and debated over whether the government should regulate Wall Street bankers and traders’ compensation. The proponents and the detractors each have valid arguments to support their thesis. It is all but certain that some form of government regulation will be in place sooner rather than later. At the end of the day, the biggest question remains will the regulations work? The government can mandate certain rules to be met but as we all know, rules can be broken or circumvented. So here are my thoughts on how the Fed can help create a WIN-WIN situation:

If A Panda Didn’t Look Like A Panda, Would The World Still Care?

A British Conservationist has stirred up a ton of controversy because he believes we should let pandas go extinct and “put them out of their misery” because they are “stupid” and possess poor survival skills.  My question is, if the Panda looked like Golem from Lord of The Rings, would there still be an uproar?  The Black Rhino and Beluga Sturgeon are equally as endangered but you never hear about them.

I was at an MBA recruiting fair the other day and I noticed several of my fellow corporate representatives spend a disproportionately longer time with one particular candidate.  Where average conversations last 3 minutes, conversations with this one candidate would last 10+ minutes.  Coincidence this candidate was probably the most physically attractive person there?  I don’t think so.

STUDIES SAY

Financial Samurai Joins “The Million Dollar Club!”

million_dollar_club_seal_MLuck will have it there are others out there who also want to become millionaires!  Who would have thunk.  After putting up my $1 million dollar “Freedom Fund” tracker this past June, I’ve had a number of inquiries regarding what it’s all about.  By starting completely over in my Freedom Fund this past summer, I will be as honest about my finances as possible.  If you’ve read my earlier Net Worth posts, you’ll know that I believe people should have a Cash Goal, rather than a Net Worth goal.  Very simply, we have a better chance of counting on Cash during retirement, than on all the other stuff.

I was surfing the PF network and stumbled across J. Money’s site, “Budgets Are Sexy.” He started “The Million Dollar Club” for all those who simply wish to be millionaires.  There isn’t any red velvet rope to get in and I don’t want to be alone in my journey towards gathering $1 million cash, so I’m joining!  It’s all about community and I’m looking forward to J and my fellow members stopping by with their support.

The Katana: Must Read Articles of The Week Ending 9/26

katanaEvery week, we will highlight the best posts on the web.  They can either be thought provoking or simply have made us laugh.  This week’s highlights include:

1) Five Pence Piece: 10 Economic Predictions for 2010. Lee provides his dire predictions for the UK, and I just love his conviction!

2) Wisebread’s Paul Michael: 51 Unusual Money-Saving Tips From Readers. Paul puts together a hilarious list of shady tips the best cheapskates can appreciate!

3) Get Rich Slowly’s April Dykman: Renters Insurance: Peace of Mind For 10 Bucks A Month. We’re all either renters, landlords, or live in mom’s basement.  Make sure you’re covered or at least know about the costs just in case disaster strikes.

Previously from Financial Samurai:

1) Obama’s Health Care Proposal. A quick intro about the proposal and unique individual viewpoints which should make people think.  Things aren’t so clear cut.

2) Be Your Own Venture Capitalist & Build A Broad Portfolio. The are opportunities everywhere to build relationships.  Change your mindset.

3) To MBA Or Not To MBA. November usually signals the first round of application deadlines and applications are up 30% year over year.  Read this article before you decide to spend all that money and time.  Competition is fierce!

Keigu,

Financial Samurai – “Slicing Through Money’s Mysteries”

Follow me on Twitter @FinancialSamurai

Financial Samurai Guest Posts For Wise Bread!

My Victory Sign

My Victory Sign

One of the main reasons why I returned my Macbook was because I failed to get published on Wise Bread before my return policy ran out.  I figured why not have this goal in order to justify spending such a large some of money?  After all, a writer needs his tools!  Well, I’m excited to announce that my guest article on Wise Bread is now live!  Better late than never.

Please enjoy reading: “Knowing When To Walk Away – Financial Planning For An Unknown Ending”

A snippet: “People have a notion that they must amass a certain amount of money, no matter how long it takes, before they can retire. But what if it took you 40 years of work to reach $1 million, and the very next year you died?”

A special thanks to Senior Writer Linsey Knerl at Wise Bread for accepting my guest post submission and taking the time to edit.  Linsey was always so responsive, even in the wee hours of night when I was pounding away and asking her questions.  Thanks for the support Linsey.  You rock!

Please follow me and Oprah over at Twitter @FinancialSamurai.  It’s getting addicting!

Keigu,

Financial Samurai

“Slicing Through Money’s Mysteries”