Wall Street Idiots who don't get it.
source: http://www.cnn.com/2009/POLITICS/01/30/executive.pay/index.html?eref=rss_latest#cnnSTCVideo
-
-
- iloveravi
- added this
Under the terms of a bill introduced by Sen. Claire McCaskill, D-Missouri, no employee would be allowed to make more than the president of the United States.
Obama's current annual salary is $400,000.
"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer," an enraged McCaskill said on the floor of the Senate. "They don't get it. These people are idiots. You can't use taxpayer money to pay out $18 billion in bonuses."
Watch the video here:
http://www.cnn.com/2009/POLITICS/01/30/executive.pay/index.html?eref=rss_latest#...
-
-
rhubarb64
-
I thought you got a bonus if your company made a profit and was doing well. If your company is circling the drain and is saying it has no money, then how do you get a bonus for that? This looks to me like they thought the doors were going to close, so they divided up what was in the bank at the time, just in case the doors were locked on Monday. I love the legislation I will happily contact my Senator and Representative to sign on. Why should I pay someone else's bonus when I have just enough to get by on. The other question I have is...How much is enough? I make a good living, I wouldn't mind a raise, but billion dollar bonuses on top of million dollar salaries at the expense of a lot of folks who are all ready struggling? How much is enough for these guys? Cap them till they pay us back and if you are not smart enough to figure out how to save your company 9 billiion dollars and 8000 jobs, then maybe you shouldn't get that bonus after all.
- 3 years ago
-
rhubarb64
-
-
courage
-
The Morons in the Goverment Decide how much Your paid ?You all are really for this?Say im a company and im going to lose 10 billion dollars and 10000 jobs i hire a guy who trims that loss down to 1 billion and 2000 jobs lost but he will only do this for 1% of the difference now i cant hire him because some idiot senator who couldnt hack it in the real world says i cant compensate him for saving me 9 billion dollars and 8000 jobs.great idea
- 3 years ago
-
courage
-
-
acbrooklyn
-
cap bonuses to wall st performers not the wall street crooks, take those bonuses away,it's about time they take action,but will it even come to light with the wall st lobby in D.C.i think not time will tell only when it affects them will it happen.
- 3 years ago
-
acbrooklyn
-
-
remanns
-
your right-"asshole" rather than "idiot", should have been the word of choice; the bastards knew exactly what they were about. send em to gitmo before it closes
- 3 years ago
-
remanns
-
-
iloveravi
-
-
Jump to the 3 min mark to here the dude speak on the issue.
- 3 years ago
-
iloveravi
-
-
marathon
-
You got to be kidding me Mckasskill ! We the American people begged and screamed for you - a thousand times - not to vote for the bailout - you dam N Idiot !!! You and Obama voted for that bailout - and now you have the nerve to talk like this - you trick bit CH.
- 3 years ago
-
marathon
-
-
justright
-
"Rudy Giuliani defended corporate bonuses Friday, saying that cutting them also means slashing jobs in the Big Apple. If you somehow take that bonus out of the economy, it really will create unemployment, It means less spending in restaurants, less spending in department stores, so everything has an impact." What an idiot. He thinks if you don't pay them ridiculous sums of money it will be thrown in an incinerator and destroyed (or some such fallacy) and never enter the economy.
- 3 years ago
-
justright
-
-
bamboodizzard
-
Mussolini spoke all the time about sharing the losses with the public but privatizing the gains. This is what we are doing.
I think that it is wrong to get specific with the government dictating salaries. That is a slippery slope.
The bonuses however should be 100% eliminated.
- 3 years ago
-
bamboodizzard
-
-
davzap
-
There must be corporate responsibility.
- 3 years ago
-
davzap
-
-
remanns
-
---G-U-I-L-L-O-T-I-N-E---
- 3 years ago
-
remanns
-
-
isheetmuhdraws
-
Said the lady who is part of the group that passed laws favorable to said idiots to do what they've been doing. And round and round it goes. I can see a day where people will be pushed to their limits and start taking matters into their own hands by going postal on some of these swindlers...........and they'll probably get off in a court of law if they're going to be judged by their peers.
- 3 years ago
-
isheetmuhdraws
-
-
judiestar
-
In following this story, we get a new piece of the puzzle everyday. How much more can we take? I still can't get over Exxon's $45 billion. So that's why we all had to pay almost 5 bux a gallon for gas all summer. We had to line their pockets with insane amounts of cash. Are we going to let them continue screwing us so thoroughly? Its time, people, for the New Revolution--but its not the government that has to go, its Big Business. So Obama and others like Sen. McCaskill all say BOO when we learn of yet another way the bailout money has been misused, but what are they actually going to DO about it? I havent heard one word in that direction. This salary cap legislation is never going to pass, you know (although there may be some sort of compromise somewhere down the line). It wont be enough. So the same CEOs who have been squeezing every last penny from the little people will go back to their luxuriously appointed office suites and get right back to work. Wait a minute, this reminds me of something. I'm getting an image of France, circa 1789....I guess people dont put up with the whole rich get richer, poor get poorer mentality very long. Revolution against Big Business. Let's get it on.
- 3 years ago
-
judiestar
-
-
Tayllerand
-
Thats what they want you to think , they are lying big time.
- 3 years ago
-
Tayllerand
-
-
TabulaRasa
-
Oh noes, money can't be spent in NY restaurants and NY department stores, What will WE do without them.
From TPM [Talking Points Memo.com]
According to Rudy Giuliani, it's shortsighted not to let state-supported Wall Street firms give out massive bonuses since those bonuses help float the economy through all the luxury goods and services the Wall Street sharpies buy. (And believe me, I've got no beef with Wall Street sharpies. A lot of them are friends of mine. Indeed, now I feel even closer to them since a chunk of my tax dollars is going to their salaries. Sort of makes me feel like a Wall Street player.) As a resident of New York City, I think it's probably true that those dollars do do a decent amount for New York City economy, in the form of tax dollars and supporting local businesses -- though I would question its relative efficiency in stimulus terms. (And that's in large part because it's a lot of money in a fairly restricted geographic area.) But the government support that keeps these firms afloat doesn't just come from New York City, does it?This is the definition of trickle down -- give huge amounts of money to a small number of individuals, most of which will be socked away but a relatively small percentage of which will be spent on luxury goods.
Amazing that this goof was once the GOP frontrunner for president.
- 3 years ago
-
TabulaRasa
-
-
jimmyjooman [removed]
- This comment was removed as a violation of community guidelines.
-
jimmyjooman [removed]
-
-
judiestar
-
jimmyjooman:
Lol. I agree but let's just get rid of the people who are there now and give those jobs to the 2 million who are unemployed at the moment. Works out well for everyone i think.
- 3 years ago
-
judiestar
-
-
mrphymn
-
Its not the people that gave them the money,,,its our corrupt politicians who did. They are acting more like royalty than "public servants" . Politicians already enjoy more health and retirement benefits than most of us could dream of.
As far as the Wall Street execs,,,,,,take the bonuses , golden parachutes , etc back and take em to court - 3 years ago
-
mrphymn
-
-
unclematt
-
mrphymn:
you nailed it. Skank Paulson committed the biggest heist in the history of mankind when he rammed through the $700 billion "bailout" last fall with no strings attached. He should be the first one to goto jail!
- 3 years ago
-
unclematt
-
-
TabulaRasa
-
lol this was priceless to watch on CNN.
What happened to the taking over their business' and making it the peoples business [with out tax money]?
I don't believe that ALL wall street execs should have a cap, only the ones that have received money from the government, and if they have, the cap should be even lower.... far lower.Oh oh, I'll try to find Rudy Guilianni's reply to this.
- 3 years ago
-
TabulaRasa
-
-
callenstewart
-
Well, I think that's a good rule while they are getting aid and until they repay the people. After that, then it's their money to do with as they please.
- 3 years ago
-
callenstewart
-
-
dervill
-
wow
"$18 billion in bonuses." - 3 years ago
-
dervill
-
-
jahbini
-
since these guys are receiving public money, they should not have a cap on their salaries, but rather have the same restrictions on squandering public money that any public servant has.
I say, don't cap their salaries, try them for mishandling public funds and put their asses in jail. Preferably in the same jails as the victims of our insane "war on drugs"
- 3 years ago
-
jahbini
-
-
judiestar
-
jahbini:
Very nice. Let's do that!
- 3 years ago
-
judiestar
-
-
oneduts
-
jahbini:
I'll second that!
- 3 years ago
-
oneduts
-
-
Varex_Sythe
-
jahbini:
First, why not do both?
Second, I was under the impression that salaries were not being capped, bonuses were. Don't high ranking employees of companies receive bonuses when they do a good job and secure money for the company for which they work? If a company needs a government bailout, then those high ranking employees most likely failed to meet those requirements for a bonus and deserve none.
- 3 years ago
-
Varex_Sythe
-
-
cerealforeal
-
She has a good reason to be angry, and so do the rest of us (roughly 99% of America).
- 3 years ago
-
cerealforeal
-
-
numinant
-
"idiot" may not have been the best word choice. "asshole" would have been more appropriate maybe.
i wouldn't mind a permanent income cap.
- 3 years ago
-
numinant
-
-
iloveravi
-
I like her fire but I don't quite agree with her.
I think the wall street guys are brilliant.
They have screwed up their business but still managed to convince the American people that it was in a good idea to transfer all their debt to the public and transfer all the public money to them.
Then they took all the money and went off and bought awesome summer homes and threw parties and went on vacations, bought jets and well just kept millions of it for themselves....
If you ask me, it's the American people who look like the idiots who don't get it.
- 3 years ago
-
iloveravi
-
-
judiestar
-
iloveravi:
THANK YOU! I wholeheartedly agree. How long are we going to sit here and shake our heads and say, "gee thats a shame"??? This country needs a Revolution, but its not our government that we need to rebel against--its Big Business that needs to be taken down brick by brick, its leaders trussed up in those wicker cages the Vikings used to use for their enemies. We need action now to stop the rampant greed. Talking about it is not enough. CEOs need to be fired, some need to go to prison. Profits for certain industries need to be capped ($45.2 billion profit for Exxon while you and I were paying $4.50 a gallon, now we know why). I believe in Capitalism, but not as it is now, where people can get away with anything. Accountability and responsibility.
- 3 years ago
-
judiestar
-
-
Flyan
-
iloveravi:
I agree...The US isn't going to wish itself out of its problems. Stand up and do something about it instead of just watching the news and going 'oh, that sucks' when the wallstreet guys are robbing you blind.
- 3 years ago
-
Flyan
-
-
Wegg
-
iloveravi:
HA! Well said. We are all idiots for believing them. What a joke.
- 3 years ago
-
Wegg
