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Elitism brought about through Collegiate Fraternal orders and attaboys has created a golden parachute mentallity among the brotherhood of Bankers, Captains of Industry, Lawyers and Politicians.
Corporate boards are given privelege to the excesses of the Corporate holdings, and therefore rubber stamp everything that comes across their table.
These obscene bonuses will stay in their pockets, due to the contractual obligations that were decided before there was a bailout. The repercussions of not paying would be financially disasterous to the Corp.
If you don't like it, don't support the Companies that rape the wallets of the American people, and stop supporting systems of Elitism that are built in to our higher (buyer) educational institutions.
Obama should be even more ashamed that he threw himself the most expensive inaugural in history, while the US economy is in the deepest recession in quite a while. 150 Million plus on an inauguration while citizens go hungry! That is the real shame!!!!!!!! His inaugural expenditures were the real outrage!
Do you really want to put it out there that you are upset over the cost of the Inauguration that brought so much joy and happiness to so many and served as a unifying symbol of change for the entire country? Obama had nothing to do with the costs incurred and they pale alongside the Billions paid to wealthy execs that will only go offshore because indeed these pigs cannot spend any of this money they simply sock it away. Those bonus dollars leave the American economy and are never seen or heard from again. Inauguration dollars bough goods and/or services that were consumed by Americans or paid American salaries and will return to the economy through spending. I am sorry but you are quite wrong in where you think the real outrage lies.
Using money in whatever way they need to to make a profit. It's not my business and I'm not going to judge
My impression was that the OP referred to wall street bonuses. I am struggling to understand what that has to do with: "making profit" and "they do what is in their interest". How is in any company's interest to pay these bonuses?
Do you really want to put it out there that you are upset over the cost of the Inauguration that brought so much joy and happiness to so many and served as a unifying symbol of change for the entire country?
H
When children are going to bed hungry tonight???? Yes, it should be put out there. Obama's 150 Million was simply for his personal glorification. Explain to the hungry child tonight that a person who said they would bring "change" to Washington, brought the change in the form of THE MOST EXPENSIVE INAUGURAL EVER. Explain to the child how that will help their hunger pain. Explain to the thousands of laid off workers how THE MOST EXPENSIVE INAUGURAL EVER helps them have a job tomorrow. Obama is self serving and shameful.
My impression was that the OP referred to wall street bonuses. I am struggling to understand what that has to do with: "making profit" and "they do what is in their interest". How is in any company's interest to pay these bonuses?
The business perspective would be that if every other company in their industry is paying out the bonuses they need to do the same to keep top talent.
I'm not saying it's a good idea, or really what I would do, but again it's not my company and there were no strings attached to the money. So they can do basically whatever they want if they think it helps them out, congress should have prevented that by being more firm on the TARP.
President Barack Obama said Thursday it was "outrageous" that Wall Street employees got more than $18 billion in bonuses last year. White House press secretary Robert Gibbs said the president told his staff of his reaction to the report by the New York state comptroller about bonuses paid by the securities industry to its New York City employees last year.
***
"Whether it's government or the financial system, we're not going to be able to do what is needed to be done to stabilize our financial system if the American people read about this type of outrageous behavior," [Gibbs] told reporters. "I think it was the sixth-largest year of bonuses, and I don't think anybody that's opened their 401(k) statement has found out that this was the sixth best year for Wall Street."
Is it outrageous? Or is it their business what they do with their money?
the first thing we need to do is ask who funded these bonuses. if i'm not mistaken, didn't obama vote in favor of the bailouts, tarp etc. what did he think was going to happen? with all due respect, those companies had contractual obligations to their staff. if they didn't have the cash to honor those contracts it would be a different story. the fact that the government injected billions to keep these companies alive means that they now, with cash, those contracts are enforceable and collectable!
It's not Congress's money and it shouldn't Wall Street's, either.
It's OUR money, our children's, and our children's children's. And now it's gone, and why? To keep them comfortable and to minimize their stress.
Well eff them all.
These fatcats -- both the financiers and the politicians -- are cowards, liars, and pigs. And that includes everyone from the Wall Street scumbags to Nancy Pelosi and her gang of thieves. They need to have their names and pictures on televison every night, so that everyone who loses their job or their home can identify who did it to them and where they can be found...
If my company was going under, there would be no bonuses.
The height of irresponsibility in these actions clearly indicates that this should stop, now, and that all monetary support should be recalled and rescinded.
Did you republicans all have "it's Bush's fault" moments a few months ago?
If not, you're disingenuous at best.
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