On the 8 Spot

Punitive taxes on compensation that takes the form of long-term restricted equity stakes is a dangerous and destructive move. If the compensation bill that emerges from the conference committee does not allow TARP-receiving companies to offer such SVCSs, then Obama should veto it.

And if the traders of Wall Street then quit en masse? If they say that they are going to “Go Galt” if they don’t get their traders’ options to take the money upfront after assuring us shareholders that they have made us a lot of money, that their positions and strategies are sound, and that they have prudently managed the risks? Well, then that tells us something about what they really think the true value of their work product has been.

via Grasping Reality with Both Hands: Needed for AIG and the TARP: Silicon Valley Compensation Schemes.

“The greatest difficulty with the world is not its ability to produce,

but the unwillingness to share.”

via Eric Musselman’s Basketball Notebook: Be willing to share.

lyrics copied from here,

The Wrestler by Bruce Springsteen

Have you ever seen a one trick pony in the field so happy and free?
If you’ve ever seen a one trick pony then you’ve seen me
Have you ever seen a one-legged dog making its way down the street?
If you’ve ever seen a one-legged dog then you’ve seen me

Then you’ve seen me, I come and stand at every door
Then you’ve seen me, I always leave with less than I had before
Then you’ve seen me, bet I can make you smile when the blood, it hits the floor
Tell me, friend, can you ask for anything more?
Tell me can you ask for anything more?

Have you ever seen a scarecrow filled with nothing but dust and wheat?
If you’ve ever seen that scarecrow then you’ve seen me
Have you ever seen a one-armed man punching at nothing but the breeze?
If you’ve ever seen a one-armed man then you’ve seen me

Then you’ve seen me, I come and stand at every door
Then you’ve seen me, I always leave with less than I had before
Then you’ve seen me, bet I can make you smile when the blood, it hits the floor
Tell me, friend, can you ask for anything more?
Tell me can you ask for anything more?

These things that have comforted me, I drive away
This place that is my home I cannot stay
My only faith’s in the broken bones and bruises I display

Have you ever seen a one-legged man trying to dance his way free?
If you’ve ever seen a one-legged man then you’ve seen me