So today I was going to play a joke on my supervisor, Carlos, by sending him our usual daily tracking report of the current investments we are managing, except this time I was going to subtract around $500 million from our current balance. I figured that his response could range anywhere between praising me for the good joke to firing me on the spot with a couple of spanish curse works mixed in. So I elected not to do the joke afterall.
Work today was pretty slow; in the morning I was able to prepare a couple of spreadsheets monitoring all of the Latin American Time Deposit accounts, but once that was over I ran out of things to do. So I spent a lot of the day reading up on current events. The topic that I spent most of my time investigating was the new bill that is trying to be passed that will allow congress to decide how much salary is paid to employees of any company that has received more than $5 bil. of TARP money.
When I first learned of this bill I experienced the following thought process, "Hey, this might be a good idea. Now the big shots on wall street can't pocket anymore of the taxpayer's money." But after I thought more about it, the idea of transferring more market power over to the government started to scare me.
When I was a kid, I used to think that as long as the government was in charge, the people's best interest would always prevail: The government is run by the brightest and most upstanding citizens in the country. Now that I am older and wiser then I was back then, I remember that this is not the case.
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