Maybe being married to one of the world’s once hottest (and still quite hot) models embues a certain testicular fortitude, as displayed by my new hero, France’s Nicolas Sarkozy.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aFHYtyliHcfw
At least SOMEONE has the balls to stand up to the veiled threats of the “pay our ransom or else” banking oligarchy, and you should hear the fearful comments coming from the squirming money changers. I should only hope to live so long as to to see the day when these spineless loaded-dice-tossers come groveling to work for what they’re actually worth, rather than sneering at the Sarkozy’s of the world with comments like:
If the best and most qualified bankers go to places where they are compensated for their work, it means that Sarkozy will be doing business with only those that don’t have the highest degree of excellence.
Highest degree of excellence in what? Collapsing the World Economy? Bankrupting mega corporations into socialized bailout protection? Hell, I can do all that with my eyes closed–just set me up in a posh office on Wall St. and let me play with 50 billion in bailout dollars.
Take Citigroup and Merrill Lynch for example, who paid $5.33 billion and $3.6 billion in bonuses, respectively — although they lost more than $27 billion each in earnings during that same payout year (2008). It appears that when paying unprecedented bonuses, we get unprecedented failure. Maybe with restricted pay we’ll actually get some modicum of success, because the traders and analysts we will attract with normal pay won’t be mobsters in disguise.
If so, consider me ALL IN with Sarkozy on firmly shunning egregious financial market “bone-us” compensation.
You Should Also Check Out This Post:
- Keeping Score - GO ENDEAVOR !!!
- Reality: The Final Frontier
- Tradition
- What a Summation
- The Facebook Homeowner Revolution
More Active Posts:
- What's the Big Deal about State Banks - doesn't every State already have one? (4)
- Ready to fund the next big bubble? Carbon Derivatives (3)
- Healthcare (2)
- States be Damned! You get what you DESERVE! (2)
- The Dichotomy of Toxic Debt "Value" (2)
- Other States Take Note: State Bank of Florida Proposed (2)
- Stern's Crony-Corporatism (2)
- Shorter's Last Stand (2)
- Mutually Assured Consequences (2)
- The American Way - an Economic Culture (1)
My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.