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TechnoratiQuite Frankly My Dear
Forget the rumored financial crisis, layoffs and foreclosures: The three biggest Wall Street banks to get bailed out are set to pay record bonuses of almost $30 billion this year, up 60 percent from last year. Goldman Sachs, Morgan Stanley and JP Morgan Chase will hand out $29.7 billion, paying each lucky employee almost five times the U.S. median household income.
"Wall Street is beginning to resemble Clark Gable as Rhett Butler in the film ‘Gone With the Wind': ‘Quite frankly, my dear, I don't give a damn,'" said Paul Hodgson at the Maine-based Corporate Library. "It doesn't seem as if political threat, disastrous PR, envy, rising unemployment rates and home repossessions is enough to get any of these people to refuse the bonuses they have ‘earned.'"
12 Comments so far
Show AllThis is happening in some parallel universe. I literally can't believe it.
When food gets scarce for us of the bottom 50% will the big boys be blamed?
I think not. Maybe the GLTB crowd, or some racial group---somebody who can't defend themselves always becomes the scapegoat.
Happy daze are here again!
Okay...maybe my logic is faulty...let's see if I've got this right: If an employee does his job really well, then the muckity-mucks at the top of the corporate food chain say "Reward this person with a bonus!" And it's okay with the muckity-mucks, because the more they pay out in "wages", the less tax liability they have. Right? So, my question is: Ever since when are these banks doing so good that they can afford to hand out bonus money? Um...weren't they in such dire straits that the GOVERNMENT (yup...that would be you and me, taxpayers all) had to bail their underperforming asses out??? What's changed??? Oh. NOW I get it...NOTHING's changed. I'm still working my ass off, paying my taxes, and paying other people's bonuses. The whole thing is ludicrous.
Looks like the US is well within reach of finally beating Robert Mugabe's dictatorial kleptocracy of Zimbabwe in 2010 with a higher GINI Coefficient of Income INEQUALITY of over 0.53.
Yes, the US is certainly way above all advanced social democracies in Europe and Japan --- which have low, fair and egalitarian GINI Indexss of 0.23 to 0.31.
And we've certainly beat out the former Soviet Empire's oligarchs in Russia at their middling GINI rank of 0.41, and the reformed "Corporate Communist" China at GINI 0.46.
We've even smashed through that supposed barrier that our CIA warns of at GINI 0.45, where civil disobedience and revolution set in among most country populations --- but not us.
Rather, under our new 'hope' and 'change' President Obama, we pulled together with Wall Street, and it finally looks like 2010 will be that year that America, 'our former country now controlled by a ruling-elite corporate/financial EMPIRE which hides behind the facade of its two-party 'Vichy' sham of democracy, can at last overtake Zimbabwe (currently running at 0.53) as the champion of high GINI Coefficiency of Income INEQUALITY!!
Let's really 'hope' that this 'change' that is aided by Obama, with his refusal to even whisper the word corporate EMPIRE (or as Dylan Ratigan bravely shouts on MSNBC, "Corporate Communism") will allow us in the U.S. to finally shout --- "We're number one --- in income inequality"!!!
Alan MacDonald
Sanford, Maine
These people should be stripped naked and then hung by piano wire in some public square. Televise the whole thing and have it sponsored by some credit card company.
Kill them all before they give themselves any more of our money for bonuses. And before they create another bubble. Bring back the guillotine. The French Revolution might have been bloody, but look at the French now compared to us.
The problem with humanity is innocent children are kidnapped daily. Yet when they are. No one actually in a organized way finds them. Of course there are fliers and such. But if these people were kidnapped there would be a manhunt that wouldn't stop. Kind of like when any government official is killed compared to when a citizen is killed. As when police are killed and the killer gets away. All the police are on it. A citizen killed and you might as well send a CPA. What do they expect us to do. Continue to lose constantly. How do we band together and oppose this kind of blatent arrogance. Forget using the government of which we pay to protect us the (citizens). What kind of resistance is there. Do we have to illegaly band together to equate what is right for the citizens as per what is and should be the same for the self acclaimed "elite". They pay enough to these guys that would have kept them in business. This is the new/old bankruptcy scam. Now lets go over here is all they do. They have multiple jobs they oversee and they screw them all up. Jon Q messes up he's gone with intent to defame and there is no rational reasoning to help them. Follow some of these elitist through the companies they have "helped" and they are all going downhill. Who hires these idiots. And why. They don't improve anything. It is said to hire only if the person you hire can create 3 times the amount they are paid. How is this rational for these company killers.
That $$ has been out the door for a while. About the best the robbed can do is to divest from the thieves and vote the accomplices out of office.
The miserable irony of it all is that although the Soviets were dispicable cretins, their predictions about Wall Street have turned out to be remarkably accurate.
Of course they are. They had Karl Marx. Too bad they didn't follow Marx in other ways.
The only thing these people understand is the guillotine or the noose. Problem with the French revolution is it didn't go nearly far enough, but at least it brought the lower classes closer to self-determination.
I want my money back!!!
Americans should stop paying their taxes until the bankers return all the bailout money.