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I think NPR, who we all know as being pro-Obama and very left learning, stated that GS made some good trades during the recent collapse and invested smartly. Thus, the traders bonuses were well earned.
Goldman Sachs managed to get 100 cents on the dollar from its otherwise ill-placed bets with AIG.
Taxpayers made that happen. Goldman could have been forced to take a financial hit, but lawmakers decided, for whatever reason, that this would not be sound policy...
Instead of being a typical american and just complaining about it what do you suggest be done? Maybe you could go there and run the bank.
America has become a group of whiney a$$ pansies. Come up with a flippin solution or ****. Complain complain complain, jeez would these people do something productive. I tell the folks that work for me if you come to me with a problem and dont offer any solutions your whining. Give me fixes or shut the hell up!
I think NPR, who we all know as being pro-Obama and very left learning, stated that GS made some good trades during the recent collapse and invested smartly. Thus, the traders bonuses were well earned.
If President Obama somehow developed the power to limit executive compensation to some reasonable multiple of the minimum wage all the conservatives on this board would be having a collective fit about the destruction of "Capitalism".
We could effectively control the “fat cats” pay by reinstituting a real progressive income tax on all income from all sources. I do not think Citibank executives would be giving millions to themselves if 90% of it would go to the government as income tax.
No Greg..... actually if we used capitalism and just let those businesses fail those bankers and CEOs would have lost their F JOBS. But no!!!!!! Instead Bush and Obama and Congress did the government of socialism and bailed them out. If government just stayed out of it we wouldn't even be having this discussion. Capitalism didn't create this problem gregW. Freddie mac and mae "so every person can get a home" idealogy via the government did. Government said we will guarantee the loans via are liberal idealogies and socialism stupidity. You find me a problem I find government at the root, creating false investment, dangerously low interest rates which only promotes expansion of credit which was backed by government. Citibank should have went under and that is the punishment of bad business practices and getting in bed with government. In a capitalist society this problem wouldnt even have happened. This country continues to tell me capitalism failed yet this government proved to me again we are socialist by nature. Socialist bailouts and using tax dollars to keep these companies breathing (GM) (Citibank) etc gave us this nonsense and just costs the tax payer in the end. Now we have to discuss salaries, taxes and some how it ignores that government created most of the problems in the first place. So gregw you want to reward the government with more money via a progressive income tax to do what with? Maybe all this new found money they can find new ways to screw us over, bailout failed companies and put us more in debt. Hey people reading this... how about you give the govenrment more money clearly they know what they are doing right? Maybe they can find more ways to waste your money on another war and six decade old failed social programs.
Government doesnt care about the right of individuals, they dont care about liberty and they like finding all kinds of ways to regulate my life. So your solution is to punish those who earn, reward government who enslaves us all and creates never ending debt. Logic and common sense are to hard for socialist liberals who use class envy yet government is the king of that.. Maybe you could explain to me how stealing from one group and moving to around via government is some how not stealing.
Last edited by LibertyandJusticeforAll; 06-24-2009 at 08:03 AM..
No Greg..... actually if we used capitalism and just let those businesses fail those bankers and CEOs would have lost their F JOBS. But no!!!!!! Instead Bush and Obama and Congress did the government of socialism and bailed them out. If government just stayed out of it we wouldn't even be having this discussion. Capitalism didn't create this problem gregW. Freddie mac and mae "so every person can get a home" idealogy via the government did. Government said we will guarantee the loans via are liberal idealogies and socialism stupidity. You find me a problem I find government at the root, creating false investment, dangerously low interest rates which only promotes expansion of credit which was backed by government. Citibank should have went under and that is the punishment of bad business practices and getting in bed with government. In a capitalist society this problem wouldnt even have happened. This country continues to tell me capitalism failed yet this government proved to me again we are socialist by nature. Socialist bailouts and using tax dollars to keep these companies breathing (GM) (Citibank) etc gave us this nonsense and just costs the tax payer in the end. Now we have to discuss salaries, taxes and some how it ignores that government created most of the problems in the first place. So gregw you want to reward the government with more money via a progressive income tax to do what with? Maybe all this new found money they can find new ways to screw us over, bailout failed companies and put us more in debt. Hey people reading this... how about you give the govenrment more money clearly they know what they are doing right? Maybe they can find more ways to waste your money on another war and six decade old failed social programs.
Government doesnt care about the right of individuals, they dont care about liberty and they like finding all kinds of ways to regulate my life. So your solution is to punish those who earn, reward government who enslaves us all and creates never ending debt. Logic and common sense are to hard for socialist liberals who use class envy yet government is the king of that.. Maybe you could explain to me how stealing from one group and moving to around via government is some how not stealing.
Exactly- Very simply put CITI should not even exist and these fat cats would not be getting any compensation if our Socialist Government did not Bail them out. Liberals are confused by this concept. They want Government to bail everyone out on our dime, but then complain when the companies go about their business. Can not have it both ways.
hahaha its kinda sad how pathetic americans are!! the socialist there are trying to change the country (maybe not obama i dont know how much he has truly changed) while the right wing nuts defend these great innequalities!!! they believe that the rich honestly deserve to be that rich!!!
your all being ridden to your graves on the horses of consumerism and being content with sitting on your couches.
live alittle!!!!!! make your voices heard and bring back the great country you all once had!!
I couldn't care less about some banker earning 1 trillion dollars a year under normal circumstances. Good for them for being successful. All those talking about progressive tax rates and limiting pay in high paying private sector are nothing more than jealous and respect nothing of the foundations of the country and the implementation of capitalism.
However, because these banks recieved federal bailout money, which in Citibanks case have not yet been repaid, I think this is completely ridiculous. How could the Obama administration give out money with out some kind of contract preventing this?
I couldn't care less about some banker earning 1 trillion dollars a year under normal circumstances. Good for them for being successful. All those talking about progressive tax rates and limiting pay in high paying private sector are nothing more than jealous and respect nothing of the foundations of the country and the implementation of capitalism.
However, because these banks recieved federal bailout money, which in Citibanks case have not yet been repaid, I think this is completely ridiculous. How could the Obama administration give out money with out some kind of contract preventing this?
hahhaha thank you jcarl for being the exact stereotype of the stupid, ignorant american who jsut eats that "foundations of the country" BS right up.....
it has nothing to do with "success". it ahs to do with them earning for more then they should, for a job way overvalued...
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