"Bailout Includes Executive Pay limits For Some Firms" by David Cho, et.

Once again my comments are being filtered out by The Washington Post on a story entitled "Bailout Includes Executive Pay limits For Some Firms" by David Cho, et. al.

Unbelievable! The president is now adding empty gestures to his empty platitudes. This so called execute pay limitation is one big loophole, a typical government non-solution solution, typical government cowardice masquerading as a tough stance.

I spent more than a decade in commercial lending, most of it in the restructuring area, and let tell America something that the camp-followers of The Con Men won't. When I lent money to turn around a company I put all kinds of limitations on the borrower. And in almost every instance the owner had continued to over pay himself during the decline of his company. So one of the first covenants in the restructure was, you guessed it America, you supposed financial illiterates, I cut back the owners pay until the financial ratios that I decided were important were reached.

What America needs to tell Obama and Schumer is it is OUR money you are lending and we sure as hell want strict and enforceable covenants on it.

If a company, ANY company, wants to borrow OUR money and can't handle the covenants then screw them.

If these companies or banks want to stick with their overpaid incompetent CEO's, their overpaid incompetent management team good for them, but they are not getting any of our money. PERIOD, END OF DISCUSSION.

Many of these lard-brained, blood sucking executives should be tossed from the corporate penthouse window not given bonuses.

There are a lot of sports analogies being bandied about over this but none could be better than comparing The Yankees to the New England Patriots.

Yes, I know one is baseball and one is football, but one has a system (management) and one has high-priced "talent." One has consistently ranked as a Super Bowl contender and one hasn't seen a championship in years.

In fact, The Yankees now perennially lose to their most hated rival, The Red Sox, on a regular basis. And this is after dumping tons of money on selfish, self-centered over-paid and under-performing "talent."

The Red Sox pay their players well but they are never allowed to act in a way that puts their interests above that of the team. The team is there for one purpose: TO WIN.

Individual records DO NOT MATTER as much as the TEAM RECORD.

The Red Sox will let go of talented players who are more concerned with themselves than they are about the team. So will The Patriots. Both The Red Sox and The Patriots will also let go of a team player, well respected and well liked or not, because management has found someone who can bring more to the team. They are honest and upfront with the players about it and enforce this management principle consistently. THAT'S what GOOD management does.

There is NOTHING in the current management of most publicly traded companies and banks that can be remotely analogized with the management of the Red Sox or the Patriots.

Don't take my word for it. Even Carl Ichan has started a movement to rid publicly traded companies of the legion of greedy dunces that have plundered companies that they never even founded. They are greedy dunces who promote even greedier dunces to protect themselves and each other. AND IT MUST END.

Unfortunately, this sham legislation will do little to nothing to change the problem. Shame on you Obama.