AMERICAblog: Paulson's bad debt purchase to cost a HALF A TRILLION, and then some
fostert
· 1 year ago
Here's an idea: If you're an officer of a corporation and your company lost more than 30% of last year's revenue, you get a tax surcharge of 50% of your severance package. I have no problem with rewarding success, but maybe we shouldn't reward failure.
met00
· 1 year ago
It's simple. No person who works at a company that has been taken over by the government will be paid more than $75K. Period.
If you don't like that, go out and get another job.
If you were paid more than that over the last 9 months, your salary will be set to minimum wage for the balance of 2008.
If you don't like that, go out and get another job.
There will be only a COLA adjustment to all salaries, and it tops out at 3%/yr max.
If you don't like that, go out and get another job.
No salaried employee will make more than 4 times what the lowest paid full time salaried employee at the company makes. Ever.
If you don't like that, go out and get another job.
The median income in the US is under $50K. As long as the company is being funded or supported by the American tax payer, no one in the company will make more than 150% the median income in the state that they are working in.
If you don't like that, go out and get another job.
And in case you were unaware, There are no other jobs in the financial industry!.
feeba
· 1 year ago
Dear Friend:
Are you ready yet for the November 4th Elections? How about your friends, family, and neighbors? More Americans are expected to vote this year than ever before in history, so don’t be left out! Be sure to ask everyone you know the following questions: • Are you registered to vote? If you moved recently, have you updated your voter registration? • Did you apply for an Absentee Ballot? Do you know your state may not require any reason? • Can you find your local Polling Place? Do you know it may have changed from last time? The answers to these questions -- and all your voting needs -- can be found at www.StateDemocracy.org
bdhp
· 1 year ago
I WANT JAIL TIME FOR THOSE GREEDY BASTARDS THAT DID THIS!
bigassbelle
· 1 year ago
My father is 91 and retired when it was pretty much accepted that social security, plus a few hundred thousand $$ would be sufficient to live on.
Thirty one years later, it's not the case. He'd lost $18,000 as of Monday. He is a brilliant man beginning to show signs of dementia, but he asked me over and over "where did all the money go? the money didn't just disappear or get thrown away, all of that money that was spent? it went somewhere. where is it?"
I finally quit telling him that I am convinced the people who thought up this pyramid scheme are now lying back on the beach, with not a care in the world. Their billions ~ trillions? ~ of dollars are safely tucked away in an offshore account.
The motto of the financial industry with regard to the subprime mess was "You'll be gone, I'll be gone." The minor twinge of conscience that would have guided a normal person into questioning his or her actions would be countered with the concept that fucking people today won't matter, because by the time they figure out we've thoroughly fucked them, you'll be gone and I'll be gone.
LawMichigander
· 1 year ago
This is really fing sick. The CEO's are already getting golden wings so they won't go to hell. Average Americans are scraping by. If the market needs liquidity, give new liquidity to other more trustworthy business and not those that scammed. People are back to blaming the loan applicants and not the lenders again.
All Comments
If you don't like that, go out and get another job.
If you were paid more than that over the last 9 months, your salary will be set to minimum wage for the balance of 2008.
If you don't like that, go out and get another job.
There will be only a COLA adjustment to all salaries, and it tops out at 3%/yr max.
If you don't like that, go out and get another job.
No salaried employee will make more than 4 times what the lowest paid full time salaried employee at the company makes. Ever.
If you don't like that, go out and get another job.
The median income in the US is under $50K. As long as the company is being funded or supported by the American tax payer, no one in the company will make more than 150% the median income in the state that they are working in.
If you don't like that, go out and get another job.
And in case you were unaware, There are no other jobs in the financial industry!.
Are you ready yet for the November 4th Elections? How about your friends, family, and neighbors?
More Americans are expected to vote this year than ever before in history, so don’t be left out! Be sure to ask everyone you know the following questions:
• Are you registered to vote? If you moved recently, have you updated your voter registration?
• Did you apply for an Absentee Ballot? Do you know your state may not require any reason?
• Can you find your local Polling Place? Do you know it may have changed from last time?
The answers to these questions -- and all your voting needs -- can be found at www.StateDemocracy.org
Thirty one years later, it's not the case. He'd lost $18,000 as of Monday. He is a brilliant man beginning to show signs of dementia, but he asked me over and over "where did all the money go? the money didn't just disappear or get thrown away, all of that money that was spent? it went somewhere. where is it?"
I finally quit telling him that I am convinced the people who thought up this pyramid scheme are now lying back on the beach, with not a care in the world. Their billions ~ trillions? ~ of dollars are safely tucked away in an offshore account.
The motto of the financial industry with regard to the subprime mess was "You'll be gone, I'll be gone." The minor twinge of conscience that would have guided a normal person into questioning his or her actions would be countered with the concept that fucking people today won't matter, because by the time they figure out we've thoroughly fucked them, you'll be gone and I'll be gone.