Plus, Cerberus is a creature from mythology, and aren’t all of the big wigs in this company supposed oh-so-devout believers of Christianity or Judaism? What’s up with that?

Forgive my rant, but I’m just sick of these guys!

Despite the Depression era SEC laws, we’ve never transitioned well from shareholder/owners – the Rockefellers and Vanderbilts – to anonymous market shareholders. Top executives took on the role of former owner/managers. Many run the business for their exclusive benefit.

Jack Welch’s excesses are a prime example. He expected to be treated like Croesus during and after his “reign”, and was. Only his nasty divorce revealed his royal treatment and his retinue claimed he was worth it. But then, that’s their role as royal fools.

We need to revamp more rules than the ones for compensation.

Only, the flunkies that John Snow and Dan Quayle have running Chrysler Financial are refusing to take government money to get that credit because–you guessed it–they don’t want executive pay limits.

This should tell you that the real and primary function of these companies is to pay their executives enormous salaries. Making car loans to chumps is for chumps. This is why too all of Giethner’s attempts to satisfy these executives will not fix financial markets or the economy. These guys could care less about either. They would just as soon see both go to hell as long as they get those big salaries.

Thanks for all your work.

So, in one sense, the Chase boycott is working. The headline this AM:

US To Give Chrysler, GM New Aid

WASHINGTON (Reuters) – The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors Corp restructure outside of bankruptcy, an independent oversight report on the Treasury Department’s corporate rescue fund said on Tuesday.

Separately, the United Auto Workers (UAW) union urged its members to lobby the White House by phone or email to ensure that workers and retirees are treated fairly in negotiations at both companies on new concessions, which are considered vital for the automakers’ to survive.

It appears we have a fight going on between the government and the banksters irt the auto industry. The government is trying to protect the economic spiral and Cerberus is working hard to create it due to their CDS’s.

I barely have a mind at all, but I’ve been thinking since Thursday that the president can’t be the arbiter of these things, that Holder has to make judgements about investigation and prosecution on the basis of law and the constitution, not policy. The memories of Gonzales fumbling through so many sessions at the SJC on just these grounds are still fresh, and now more and more evidence is coming out that challenges even the “good faith” excuses for torture. If the pressure keeps building, Holder has to act independently, it seems to me.

Great weekend, EW, and a great show last night, Rachel.