Tuesday, February 3, 2009

Wall St / Greed

Now the whole country is piling on this Bonus thing.

But few people are arguing how much is 18 billion when compared to 1800 billion losses. It might not count, but what counts is it's Tax payer's money. Government isn't rescuing home owners who're behind their home payments. If wall street is giving out Bonuses and going on leisure trips with tax payer's money, they better be prepared to face the shit.

I saw this douchebag John Thain on cnbc defending bonuses given to his staff in the month of Dec. His argument is that if we don't pay well to the smart people, they'll go to another company.

And this is the same douchebag who spent $1.2 million on his office renovation and $1400 for a trash can.

Two questions for this SoB.
1)Who're these smart people, are these the people who ruined Meryl Lynch and all other investment firms
2)Where do they go? Who's hiring?

Jonathan Alter is the first one in the media to ask a simple Question, who's hiring. Here's his Newsweek article.

Wall St probably hired a PR firm. News papers are publishing articles how bonuses are part of their compensation packages, and about their long working hours. Karma, isn't that a beautiful thing.

NY Times published this article today. But I'm not sold by their sorrow stories yet. Read the public outrage here

Here's a reader's comment which represents the nation's anger very well.

Let's see... Taxpayers, some of whom work 2 jobs for a tiny fraction of what these Wall Street "geniuses" make, bailout the banks for the tune of $700 billion.

These money worshipping "people" then give themselves $20 billion in bonuses for bankrupting the nation because they want to keep "good talent"?

Sen. Clair McCaskill is right, let's cap their pay and take back our stolen money. The last thing a single mother of 3 working at IHOP should have to do is supplement a scumbag investment banker's Rolex or Porsche.

— Andrew, NY, NY

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