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126 Comments
- ATCclears, on 02/01/2009, -4/+60Wall Street is about wealth extraction, not wealth preservation.
- ousthouse, on 02/01/2009, -1/+53Uhh... the government gave them lots of free money BECAUSE they ***** up. You expected them to learn a lesson from that?
- DiggWorm, on 02/01/2009, -4/+43There ain’t no rest for the wicked :)
- slickmick, on 02/01/2009, -3/+35The problem isn't capitalism or corporate greed -- it's government and business in bed together.
Most Wall Street investment banks would be bankrupt if they weren't hooked into the Federal Reserve money spigot and if they couldn't purchase congressmen for protectionist favors.
Capitalism isn't the foe. It's what's lifted billions out of poverty. Corporatism is the foe -- it's what keeps billions in poverty. - XZanatos, on 02/01/2009, -0/+23It used to be that people believed in earning and actually working for their money now a days, though, the mantra that people live by is "money by any means". Until we get rid of all of these devotees of greed our Nation will be at a disadvantage.
- nightfox02, on 02/01/2009, -0/+19Wall Street needs to be locked down. The model has broken and the free market paradigm needs to be heavily reworked before giving these vamps any more money.
- PoizonFrog, on 02/01/2009, -4/+23I think once people have been killed for profit, it's hard to plunge to new depths.
http://www.naturalnews.com/News_000647_Bayer_vacci ...
http://www.washingtonpost.com/wp-dyn/content/artic ... - tgc1, on 02/01/2009, -1/+19It's not FREE money, it's YOUR money.
- Gloony, on 02/01/2009, -1/+17Bingo. It's pretty hard to learn from your mistakes when - in your f*cked up mind - you believe you did such an amazing job keeping capital losses to 60%.
That has to be blown out of the water here and now; the market value would have been set by legitimate investors if there weren't systemic and/or day traders around playing with leveraged monies. And "price discovery" my arse - there needs to be a volume cap on day trading. - woofers07, on 02/01/2009, -6/+22Seriously, ***** these people, and I mean this from the bottom of my heart.
Really. I can't stress how much I hate those greedy *****. They're sitting there wiping their asses with c-notes several times a day, while laughing at the rest of us as we wonder if we're gonna have a job next week. - teddtech, on 02/01/2009, -4/+17***** Reagan and his "trickle-down" economics...
- e68895f, on 02/01/2009, -1/+14Simple solution to get the bailout-money:
One puch in the face of these clowns - 10 dollars
One hit on their car with a crowbar - 50 dollars
season tickets to sleep with their model girlfriends - 1000 dollars - eLuminx, on 02/01/2009, -1/+13my sentiment exactly, why would anyone in their right mind would even think that those people can change is beyong me. They are in the business to make money, and lots of it, so when they are given the guilt trip, im sure they have been there and are way past that. Wall Street is not a place for anyone who thinks about everyone else's wealth, is pretty much a place where you go to try and get past everyone else's wealth.
- VyPR, on 02/01/2009, -0/+11Gordon Gekko would be proud.
- Urrelles, on 02/02/2009, -0/+11Let this go on for another 8 or so years and America might experience it's own little French Revolution. The poor will break down the walls of the rich and mercilessly kill as many of them as possible.
Or maybe one of our nondemocratic foes will notice our weak state and morals and take half our land from us. If Rome can die, so can America right? - jgzman, on 02/02/2009, -0/+10I'm sorry? Rewarding those who fail is capitalism, is it? I thought in capitalism, we rewarded those who succeed.
- jerrycan, on 02/01/2009, -1/+10the problem isn't greed. the problem is bailing out these poorly run business. If they fail, then they should fail. The quicker the losses are taken and swallow, the quicker we can start rebuilding.
- skinturtle, on 02/01/2009, -6/+15"It is no one's business how much a PRIVATE CORPORATION pays its employees and executives."
It is nobody's business...WHEN IT'S THEIR PRIVATE MONEY! However it's the bailout money paid for by the tax payers that they are using for their bonuses.
You are about to get buried so deep..not even a back hoe will be able to pull you out. - Pinkertinkle, on 02/01/2009, -5/+13Let's string them up, that'll give a whole new meaning to "moral hazard," as in if you do business without morals it may be hazardous to your life.
- ConfirmedCynic, on 02/01/2009, -4/+12If 99% of businesses pay their employees well, why are there so many working poor in America?
Could it be the part-time only jobs to avoid providing health insurance altogether?
Could it be minimum pay is barely livable?
Could it be firing a longer-term employee and hiriing a new one, just to avoid giving a $0.14/hr raise?
Could it be doing any sort of weasel-move possible to maximize profits at the expense of employees?
Could be! - wracker92, on 02/01/2009, -2/+10The first new rule that should be implemented: if the company doesn't make any money that year there are no bonuses to ANYONE.
The second new rule that should be implemented: if the company makes enough to justify bonuses, the bonuses never exceed 3x the annual yearly salary of the individual. The rest goes back to the investors. You want more Mr. CEO? Become an investor in that company. - ren1999, on 02/02/2009, -0/+7Why are any bonuses being paid? Why are U.S. tax dollars being used to pay these bonuses?
Demand all that money back. - jgzman, on 02/02/2009, -1/+8Are these CEO's getting paid 13 months salary for 11 months work? I believe they are, expecially after you factor in bonuses. Hell, might be as high as 15 months salary.
Not everyone has the same opportunities, either. In theory, yes. In reality, no. - dougs55, on 02/01/2009, -3/+10That's a totally idiotic thing to say. Letting a corporate monopoly or a CEO do anything they want will not result in a free market. Also what about contract law, would not having to pay your bills make the market more free ?
- jgzman, on 02/02/2009, -0/+7As much as I kinda like this idea, is is utterly impossible to do many things with 500 people. Imagine FedEx with a staff of 500. Or Lockheed-Martin. Boeing, whoever makes large sea vessels, spacecraft.
You can't do big things without big companies. I think we should revoke corporate personhood. - PopcornDave, on 02/02/2009, -1/+8Simpler solution: For every $10 dollars they receive in bailout money, they have to do 1 hour of community service.
While I understand your frustration and share it fully, the satisfaction is too short lived with your solution. - ShadowofAres, on 02/01/2009, -0/+7Fine, then, they'll go out of business quicker, and somebody who knows how to run a ***** business properly can fill the niche.
- jsnow87, on 02/01/2009, -0/+7You have got to love a system that diminishes risk. It's all upside if the government will come in and prevent failure, if you are at the top why not take the money. What a cluster ***** with no easy answers. To big to fail just means outsiders will either pay for it all and suffer, or suffer when jobs disappear . It's going to get a lot worse before it gets better, I just hope people find out who is responsible and crack some heads. I am down for storming the mansions.
- FolkTheory, on 02/02/2009, -0/+7law =/= regulation
fraud is a crime, not a regulation. - evilbob333, on 02/01/2009, -2/+9I got no problem with someone wiping their asses with their c-notes several times a day. Its their money. My problem is when Congress takes my money and gives it to them.
- th3w00d, on 02/01/2009, -5/+11Why don't we just teach these people a lesson by nationalizing their businesses! Oh wait...
People need to understand how the world REALLY works: return on investment is the ONLY reason to invest. Not some feel good nonsense that you work to make everyone happy. - alexkapone, on 02/01/2009, -4/+10Bush and the rest of them need to be lynched in public so that they can be humiliated for ruining the world for the rest of us. thanks.
- zombiedog, on 02/01/2009, -2/+8How about the top compensation for any corporate officer being limited by law to 40 times the minimum contribution to the lowest paid employee's retirement contribution.
- Paranor01, on 02/01/2009, -2/+8I see the cold war won you over well. Get over the 50's mentality and realize the world has changed around you. And yes, the world includes America & your town too.
- ThatsNotPudding, on 02/01/2009, -2/+8I'm not advocating it, nor calling for it, but sadly it appears these insulted wealthy will never 'get it' until some of their peers start loosing teeth and kneecaps.
- topapito, on 02/02/2009, -2/+8Avoid taxes. Don't pay them. You are only fattening up your oppressors.
- publiclurker, on 02/01/2009, -1/+7I think you mean tinkle down.
- agflorida, on 02/01/2009, -2/+7Ah, I hope they start to realize that more people that have nothing left to lose will be looking to take them out instead of committing suidcide.
- sirdarksoul, on 02/02/2009, -0/+5The guillotine FTW!
- inactive, on 02/02/2009, -0/+5They should pay it back at 20% interest
With $50k late and $100k check bounce fees... - StuartGibson, on 06/14/2009, -1/+6The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA. - tattonchantry, on 02/01/2009, -0/+5That is straight out of "Atlas Shrugged", you should read it.
- ConfirmedCynic, on 02/01/2009, -3/+8Congress should enact a one-time piece of legislation, taxing all senior bank officials at 100% for one year. Retroactively, so they can't snake out of it with tax juggling.
- publiclurker, on 02/01/2009, -0/+5I can already see them try to mess with that one by firing all of the lower payed staff and replacing them with contractors.
- darkened, on 02/02/2009, -0/+5Best comment ever.
- publiclurker, on 02/01/2009, -1/+6Maybe he'd rather make something worthwhile out of his life instead.
- StuartGibson, on 06/14/2009, -3/+8Hey, you give someone else's money to me, as far as I'm concerned it's free money.
- evilbob333, on 02/01/2009, -1/+6Dan is wrong. Wall Street learned some pretty valuable lessons. One is that Congress doesn't like it when big business fail, even if they fail because they are bad businesses or made really bad decisions, like loaning money to people who can't pay it back. And Congress will bail your ass out with tax payer money if you can drum up enough hardship stories about people that will be hurt if you go out of business. You may have to do some kabuki theater to get your money, but Congress will make sure the tax payers come through.
- flanoway, on 02/02/2009, -0/+4The bailouts should never have taken place. All these companies should have been allowed to go under. The gov has no business using our tax dollars to support failing efforts. If a company can't succeed on its merit let it go under. The law is in place to protect it while it reorganizes and reforms itself if it wishes. We are now screwed folks. Your grandchildren will be paying for this for the rest of their natural lives.
- dandonia, on 02/02/2009, -0/+4Of course except for the stock traders themselves who's careers would go down the drain if they weren't concentrating on other peoples money.
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