JohnG@lt wrote:
Agent_Dung_Bomb wrote:
JohnG@lt wrote:
Take the emotion out of it and think about what you're saying for a few minutes. Think about the consequences.
That's just it, I am thinking about the consequences. The consequences of not hitting these guys where it hurts to help them understand that they can't keep doing this crap. It doesn't have to be permanent, but to give these guys billions of dollars to keep them from going bankrupt (basically for free) and then just letting them go back to business as usual while the economy is still in bad shape, and millions of Americans are watching as their investment accounts have tanked, and seeing just how many years it will take for their accounts to recovery from this fiasco.
I'm not saying every executive, just executives of institutions that took TARP funds, and it shouldn't be permanent, but should be long enough to get the point across. These guys get yearly bonuses that are more than most Americans will make over their entire working lives. As of 2008 the US median income was $61,500. Even at that wage for 40 years one would earn a grand total of $2.46 million dollars. And just how much do these guys get in bonuses every year, let alone their wages?
Except the banks don't bear all the responsibility. Most of the damage was caused by the Federal government meddling with who could receive mortgages. Certain members of congress pushed for the sub-prime loans because they wanted more people to be homeowners, even those who don't deserve it.
As far as their wages are concerned, you're obviously not just a little jealous. Can you do the work they do? If you could you'd be working with them making money. Don't act like a little bitch because someone makes more money than you, or more money than average. Idiot statements like the one you made are why stupid shit like communism was thought up. "Everyone should be equal waaaaah".
Oh puuuulease! Are you still on that crap about banks being forced to make mortgages? Yes, there was to a degree but do you realize just how many banks that weren't required to do this, did in fact start doing it? They saw the potential to make money and dived headlong into it without really giving a shit about the outcome. Numbers were being manipulated, flat out lies were being told, and people that did in fact qualify for traditional loans were being put into sub-prime mortgages because the fees were higher. And when they were done they turned around and sold these mortgage backed securities as AAA rated. Once sold, they started it all over again.
And I never said anything about being equal, so don't even start that bull shit. I said the average working American won't even earn in their entire life what these guys will get in a SINGLE YEAR for their bonuses. These guys were playing fast and lose. The working American struggling to make ends meat, keep their homes, and their jobs, and they propped these guys back up, and they want to go right back to doing what they were doing before.
Sooooo, where exactly is the disincentive not to do this again?