Comments on: Wall Street Bonuses — Are You Angry Yet?

By: Greenline: The AFSCME Blog » Wall Street by the Numbers

Greenline: The AFSCME Blog » Wall Street by the Numbers — Thu, 03 Dec 2009 14:51:31 +0000

[...] Combined budget deficit estimate for 50 states in 2010: $142 billion (Read this blog post on Wall Street bonuses.) [...]

By: Want to understand Cap and Trade? Watch this | The Red, White, and Green

Want to understand Cap and Trade? Watch this | The Red, White, and Green — Thu, 03 Dec 2009 08:16:47 +0000

[...] we bailed out Wall Street firms with our taxpayer money only to have them turn around and hand over $140 billion in bonuses this [...]

By: Father_Time

Father_Time — Sat, 28 Nov 2009 20:15:22 +0000

Yeah and that crazy woman, (they never seem to give her name), on CNN was actually put off that people would dare to take away these people's bonuses or cutback their big pay.

By: redbus

redbus — Sat, 28 Nov 2009 09:35:50 +0000

The anger comes from the one-sidedness. The “too big to fail” line can only go so far. If they're “too big” then they should split them up, which is exactly what the head of the FDIC has said repeatedly, yet, nothing changes.

By: ProfElwood

ProfElwood — Sat, 28 Nov 2009 04:44:56 +0000

If you look closely, we're all, for the most part, agreeing here. If I might add, bankruptcy would have been just as good for the bank, as it is for real businesses.

By: shannonlee

shannonlee — Sat, 28 Nov 2009 03:43:37 +0000

There is nothing free enterprise about our current financial system. They made a ton of money and when the bottom fell out, taxpayers bailed them out. “Free enterprise” cannot be used to defend these bonuses. Had we really had free enterprise, the entire system would be bankrupt and those billionaires out on their asses.

By: JSpencer

JSpencer — Sat, 28 Nov 2009 01:23:18 +0000

Leonidas, that “wealth envy” phrase was parroted by others long before I ever saw you use it, and it's just as bogus now as it ever was. Free enterprise is fine and dandy, but this is as far beyond free enterprise as the jungle is from the city.

By: Leonidas

Leonidas — Sat, 28 Nov 2009 00:30:41 +0000

Am I angry at the bonuses? No. I like free enterprise.

Am I mad about government bailouts? Yes, for the same reason.

By: JSpencer

JSpencer — Fri, 27 Nov 2009 19:45:00 +0000

Somehow I don't think this scenario is quite what the founding fathers had in mind. In fact they warned against all sorts of threats to the democracy they so painstakingly crafted, and I can't imagine they would approve of this state of affairs. Not news by any means, just more fodder for the aforementioned “anger”. Tea party anyone?

By: dr_boris

dr_boris — Fri, 27 Nov 2009 18:53:16 +0000

Did you mention that the financial community is pure parasite? They create no wealth, they build no cars, they plant no corn, they clean no toilets, they develop no drugs… they just play with our economy and our money and keep as much of it as the government they control allows them.