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Tuesday, September 16, 2008
Meltdown in US finance system pummels stock market
The saga shall continue for decades to come. The worse has yet to come people. Wait until the tax payer finds out that he and she has to pay for all these bail-outs and the war too. Results: Less take home pay, poor pay raise, higher interest rates and above all since the government now owns these companies, socialism. Haven't we done a great job with out greed and living beyond our means. I'm all for a depression. It's time to get things back in-line with reality where the price of a car and home is based on a single income with an annual gross salary of ~$40K to $60K a year. Yes reality, not the la la land we live in now..
What are you giving up to help save those poor Wall Street bankers?
I'm giving up my morning Starbuxx coffee so those poor guys on Wall Street can afford to buy a bigger Gulfstream jet. It's my patriotic duty!
By the way, Lehmans had a bonus pool of over $2.5 Billion to pay out to their NYC staff for this year. Those Lehman traders will be getting a chunk of this bonus even though the company went into bankruptcy. The bonus pool was "protected" during bankruptcy. Imagine that! And the average Lehman employee (evening including the addition of lower paid employees like secretaries into the pool) makes well over $600 K per year.
2 comments:
The saga shall continue for decades to come. The worse has yet to come people. Wait until the tax payer finds out that he and she has to pay for all these bail-outs and the war too. Results: Less take home pay, poor pay raise, higher interest rates and above all since the government now owns these companies, socialism. Haven't we done a great job with out greed and living beyond our means. I'm all for a depression. It's time to get things back in-line with reality where the price of a car and home is based on a single income with an annual gross salary of ~$40K to $60K a year. Yes reality, not the la la land we live in now..
What are you giving up to help save those poor Wall Street bankers?
I'm giving up my morning Starbuxx coffee so those poor guys on Wall Street can afford to buy a bigger Gulfstream jet. It's my patriotic duty!
By the way, Lehmans had a bonus pool of over $2.5 Billion to pay out to their NYC staff for this year. Those Lehman traders will be getting a chunk of this bonus even though the company went into bankruptcy. The bonus pool was "protected" during bankruptcy. Imagine that! And the average Lehman employee (evening including the addition of lower paid employees like secretaries into the pool) makes well over $600 K per year.
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