Rep. Sherman (D-CA) vs. CNBC's Mark Haines

[rdrakken]

Actually if you place them into context, both of them were right.

Haines made the point that if there was receivership it would have caused systemic problems which it would have because if the government could have stepped in it would have placed all of that banks financial responsibilities in their lap...thus the tax payers lap.

Sherman pointed out the takeover would have been as a stop gap after the fact.

So, both were right.

[tk291100]

Mark Haines R.I.P

[thaibu]

Heard Haines just died. He will be missed.

[coleyman1]

What the hedge fund managers and bank CEO's make is not the problem. The problem is, them knowing that if they fail the government will bail them out of their mistakes. Obama and his democrats, as well as the republicans, take big money from the Wall Street bankers and market managers. They just talk this crap to make the "common folks at home" think they are taking care of business!! Just a bunch of crooks!! All of them!! Let's get them out of there and get some "common folks" in!!

[teatown]

Haines blamed Bush and Paulsen for all of our problems today...SEP 28, 2010!!!!

This boot-licker needs to go back to the bar and get a cocktail. I am done with CNBC thanks to this sap-sucker. How GE can keep this putz on air is beyond me. Bloomberg and Fox are now gettting my eyes....

[Paolo7219]

I get the impression that the CNBC guy--when he is not on the air--is licking the boots of AIG execs and their kind. How ANYONE can defend these Wall Street bankers is absolutely beyond me. yet this is the drivel we get from our on air moderators. Yech.

[BBB4and7]

How did this Putz Sherman ever get elected.

[Maziyar]

i dont know why people are tripping. Everything obama is doing is necessary. there needs to be regulation so business wont go out of control. Its not like he's limiting all aspects of business just the ones that are prone to abuse. Get your head out of rush limbaughs ass and realize what the fuck reality is.

[WadeBlazingame34]

Mark Haines is a bag of loose stool.

[joeasmythe]

Sherman has the left-wing smirk on his face too.

[mots35]

sassygirl is the only one making any sense in this conversation.

Paul / Schiff 2012

[BlackKnight03]

No Wonder Fox Business Channel failed, they already had a right wing corporate channel in CNBC.

[ltlillil]

The CNBC strategy has been to outflank Fox Business on the right. In this, they have successfully robbed Fox of the Santelli/ Kernen crowd, who would normally watch Fox. What's more, anchors like Kudlow dedicate just as much of their airtime to the promotion of right wing politics as business news, allowing CNBC to take viewers from Lew Dobb and Oreily.

[filipeflower]

What do you mean by "right wing"?

[Dblock7185]

What god, guns, gays and tax cuts for the rich. Yeah I'm the sheep LMAO. How can wall street live off 100k a year OMG the horror of living like a regular  American that only makes about 50,000 a year combine. Wall street can't live that life were special just like morons like you.

[milkgodnl]

Way to go Sherman!!

During the Asian panic of '97 Korea responded appropriately by putting them into the Korean equivalent of Chapter 11. Thailand responded inappropriately by keeping the bums in charge (while renaming a few banks). Today Korea, compared to Thailand, is a fire-breathing engine creating primarily manufacturing-derived wealth. We can take a page from Korea's playbook. Our best and brightest need to be Engineers, *not* wankers.

[kkanya]

Fascism and communism, if you look closely and objectively and forget what you learned in school, are really not that far apart. But I digress.

This Sherman guy and those who share his views are absolutely incorrect. Now the government is going to regulate how much people can make? It only starts with the financial sector - what then? Further, just like in sports, how the hell do you get a competent employee (or CEO) if you're unwilling to pay them? The host is right, jobs will go overseas

[moregravyplease]

Since the federal gov't now mandates a 'minimum wage,' then they should look at capping the 'maximum' wage.

Ben and Jerry's started out that way. For about 20 years their CEOs were paid no more than 10 times the annual salary of their hightest paid production worker. B&J's was one of the fastest-growing companies during that time, and they always attracted great talent because of their awesome brand and their committment to 'social responsibility.' But, unfortunately, UniLever owns them now.

[kkanya]

The minimum wage creates inflationary pressure (increases the prices of goods), drives a wedge between supply and demand (thus pricing out potential employees), causes an increase in unemployment, and hurts the poor the most - to name just a few of the negatives. So, by your logic, since the government engages in one unsound, special interest practice, they should continue to expand the breadth of economically-backward policy decisions they make? Since I drink anyway, I might as well smoke too!

[moregravyplease]

kkanya" "The minimum wage...causes an increase in unemployment, and hurts poor people the most"

You claim joblessness will rise when min. wages are increased, but we don't see that in cases where the wage is increased. Look at Vermont, for example. It has one of the highest min. wages in USA. It's close to $8! Most jobs pay higher than that anyway, so it didn't really effect any employers.

B&J's was one of the fastest-growing businesses in USA for many years despite their max-wage cap.

[kkanya]

Henry Hazlitt: "The first thing that happens, for example, when a law is passed that no one shall be paid less than $106 for a 40-hr week is that no one who is not worth $106 a week to an employer will be employed at all. You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less. You merely deprive him of the right to earn the amount that his abilities and situation would permit him to earn...in brief, for a low wage you substitute unemployment."

[kkanya]

I've seen the B&G example thrown around a lot in the past, but the truth is that it's irrelevant. If that's what worked for a particular business, so be it. But what they did wasn't mandated, and they were allowed to be creative and malleable in their business model. By increasing gov't regulation and taxation, you decrease dynamism, increase costs, and send jobs overseas. Further, how can a competitive edge be maintained when the most intelligent, productive entities of society are discouraged?

[moregravyplease]

KKanya: "increasing gov't regulation...increase costs, and send jobs overseas"

A maximum wage cap would send jobs overseas? You're making blanket statements which are theory-based and lack the precise 'dynamism' which you seem to seek to promote. The most intelligent people in our society are not all in business. Many are in the academie, some are in government jobs, and some wait tables and bartend and do other service-related jobs because the world doesn't value real intelligence.

[kkanya]

Yes, in a competitive global market, if the price is not right, the jobs will go overseas - this is part of the market "dynamic". If a CEO's pay is capped by the gov't at 500k with stock options (or whatever), but another country (i.e. China) lacks those regulations and a rival company offers him a greater amount (assuming everything else is in line), he will take the job. To use a technical term - Duh! And I have no idea where you were headed with that last diatribe.

[moregravyplease]

kkanya: "By increasing gov't regulation...you decrease dynamism"

Actually, the inverse can be reasonably argued. For example, I could say that increasing regulation would actually cause enterprise to become MORE innovative and creative with problem-solving.

[kkanya]

And what would you accomplish? The difference is that I use dynamism in a positive manner, not in the sense that businesses will become more dynamic through trying to escape the multitude of shackles placed upon them. Companies moving elsewhere embody this concept. If you would like an example within our borders, take a look at the Rust Belt of the U.S.: Anemic growth, high unemployment, and contempt for the law through the use of eminent domain just to keep factories in the area! (i.e Poletown)

[moregravyplease]

Lot's of production goes overseas because of lax environmental standards. Should we lower our environmental standards to compete with China?

[moregravyplease]

kkanya: "And what would you accomplish"

If wage caps were tied as a ratio to the pay of the lowest-paid workers, then you have incentives for ALL employees to acheive higher production. You would also improve the relations between management and labor, and labor would certainly feel a much more valued asset to the company.

[moregravyplease]

kkanya "for a low wage you substitute unemployment."

Again, no example of the case you are making. Sure, it's a sound theory, but it isn't realised in the real world.

My original point was to advocate for a max wage, and I showed an example of a successful company which capped it's max wage, Ben and Jerry's Ice Cream. They were hugely successful, and attracted great talent specifically because of their "social responsibility" ethic. But they sold out, and their branding has gone to shit.

[kkanya]

The quote provided an example, maybe you should read the entire chapter on the min. wage? I understand your original point, and I repudiated it. B&G did whatever the hell they wanted to do, and through paying for Competent Employees they were able to achieve a profit. Maybe the social resp. lured these people into the job; maybe it allowed them to be paid less; maybe it even made them happier - fine! But the point still remains that this was done of their own volition, not by gov't edict.

[18bites]

i don't understand why people like you get riled up when there is a mention of a hypothetical step the gov't could take for the sake of democracy in this case but have no problem with the way the gov't uses our tax dollars which is for real. it's our money. why can't they spend it to improve our lives with our input instead of doling it out to their friends in the corporate world.

[TheWayISeeIt1982]

Ha! What does AIG Know about running a financial system!!

[mort8888]

Nice Write back

[DillonX]

We pay our Texas Governor $115,000 per yr.

An Exxon CEO received $500 MILLION for 1 year.

If you added up all the money we've paid our Texas Governors over the 150+ years -- it wouldn't equal $500 MILLION.

[rakrobn]

Haines is NOT a Democrat idiot.

[rakrobn]

Yeah, I can see how much finance Wall Street knows COOLbigGOV. The only thing they know is fucking everyone over and getting more bailout money.

[DillonX]

Rep Sherman is bright & on point.

Who needs $40 MILLION to get from one year to the next?

And it's the height of arrogance to believe no one can run a company as well as you can.

[yemenboy01]

i like this representative. he seems smart, and it seems like he cares. but i could be wrong...

[fjaos633]

The average American is too clueless to wake up and realize their Dollars will all soon be worthless. Everybody in this country who doesn't prepare now will be wiped out through hyperinflation. You need to have your family and friends visit: Inflation . us

[canormorum]

Can I have your dollars then?

I thought the problem was deflation not inflation.

[fishhead06]

I'm interested in hearing your theory about which words should be capitalized.

[fishhead06]

$100,000 is a hardship? In what universe? I get about half that and live pretty damn comfortably.

[MrAnders0n2]

HEY I CAN TYPE IN ALL CAPS TOO

LOOK I HAVE A POINT; LOOK AT MY CAPSSSS

Haha.

[mrblob20]

sherman rapes haines in this !!!

[WKaliberr]

D stands for Dick

not democrat

but democrats ARE dicks

[hachachachacha]

Whoa, better watch out for WKaliberr, he is one clever bastard.

[Pkr]

Sherman is correct. Wall Street is screwing over the world... and we'll all pay..... and pay.... and pay

[1airportsignguy]

Youtube "Song for Sarah Palin: FIGGHOLE - "Red, White, and MILF"

[ristoril]

ITT: people who push their agenda: democratic republican conservative liberal socialist AIG money obama mcain- ism

[ristoril]

they would go overseas... lol yeah.. id like to see them live in columbia

[DavosLogos]

Palin/Coulter 2012!!!

[mitchrix31]

Palin Coulter? 2012? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA­AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA­AAAAAAAAAAAAAAAAHHHHHHHHHHHHHH­HHHHHHHHHHHHHHHHHHHHHHHHHHHHHH­HHHHHHHHHHHHHHHHHHHHHHHHHHHHHH­HHHHHHHHHHHHHHHHHHHHHHHHHHHHHH­HHHHH!!!!!!!!

[zapponsalvia]

Palin / Joe The Plumber in 2012! Glenn Beck could be Press Secretary and Ann Coulter could be Secretary of State. Call it the ignorance restoration plan. Sweet!

[NeoMatrixYT]

zapp, you want a Plumber and a Soccer mom to run the country?

[zapponsalvia]

Sure, why not. Give the stupid people what they deserve. I move to the netherlands! Good times.

[kc8ukw]

Conservatism does sometimes suffer from a bit of an anti-intellectual streak, but their are plenty of brilliant conservatives out there. I'd say Glenn Beck is probably one of them. What exactly do you have against him? I particularly appreciate that he's one of the few mainstream guys to actually try to explain the inflation risk to the dollar posed by the massive increase in government spending we've seen lately.

[rakrobn]

Right Glenn Beck the college dropout has absolutely no spin on his program. Only for an idiot like him can a Democrat be a fascist AND a communist at the same time when one is far right and the other is far left respectively. Or the fact that he thinks that Congressman Keith Ellison should have to prove his patriotism JUST on the fact of him being a Muslim.

[kc8ukw]

What is a fascist? Would you consider Hitler a fascist? For it was not in jest that Hitler's party called themselves the National Socialists. They were also nationalists, which you may consider right-wing, but they also despised the capitalist system and placed the government in control of the economy. Fascism and socialism often go together. Read "Road to Serfdom" for the steps by which a full-blooded planned economy must inevitably lead into totalitarianism and a loss of individual liberty.

[Maziyar]

thats not the systems fault. Once again that is a human flaw.

[kc8ukw]

I understand what you're saying, but you should really read Hayek's book. He wrote it precisely because people at the time (WWII) were saying "that could never happen here. The Germans as a race are just particularly prone to this sort of thing. They're bad eggs." 'Tis not so. The socialist economic system they had set up in Germany was, if not reversed, almost destined to produce someone like a Hitler.

[kc8ukw]

Can you name any time in history it hasn't? People like to point to Scandinavia, but their socialism is more one of safety nets than a fully planned economy, which is what Hayek defines as socialism. But in Germany, in Italy, in the Soviet Union, in China, we saw repeatedly the crushing of dissent and often great death after a fully controlled economy came into existence.

[kc8ukw]

The word "fascist" has been muddled by time. Many people called FDR's New Deal fascist in the 30s AS A COMPLIMENT. It was not always a bad word in America. Progressives publications like The New Republic praised Mussolini's economic policies. Fascism meant good planning and efficient government. It was only with the war (and Hitler's genocide) that association with the term became a political liability, and an effort began to paint movements like Nazism as purely right wing. They were not.

[kc8ukw]

Actually, progressives will often do the same thing. They may not think of themselves as anti-intellectual, but I think they will often convince themselves that their opponents just aren't smart. So Al Gore, for example, can compare anyone who disagrees with his position on climate change to a holocaust denier, no matter how many Ph.D's that may include.

[zapponsalvia]

You think Glenn Beck is brilliant, therefore this conversation can serve no purpose any longer. Goodbye!

[kc8ukw]

You do realize you just did what I mentioned in my second comment, right? Acting like anyone who disagrees with you is stupid may be an easy way to go through life, but it isn't a very honest way, or a very humble one.

[DrunkenPublicness]

LOL! Good one! Funniest comment on this entire thread! Good job!

[jdfox1]

ANN COULTER  2012 !

[fjaos633]

CNBC has been doing nothing to prepare Americans for the hyperinflation that is ahead due to all of the bailouts. I suggest checking out: Inflation . us

[DillonX]

20% of the people of the world make less than $1 per day ($365 per year). They basically hope to just get enough food to live another day.

The CEO orf EXXON pulled in between $400 MILLION & $500 MILLION in 1 year, in large part because the company made record profits when gas in the USA got up to about $4 per gal.

Sure they could've cut their price in the USA against their "competition" but why do that as now greed's more important than National interest.

[pongman]

If you want to lose your money watch CNBC. They are no different than a gypsy fortune teller except with the gypsy woman you'll only lose twenty dollars.

[P1LT9UM]

Shut CNBC down, permanently, and squeeze their sponsors until pigs fly.

[feeldhand]

the democrat socialist party....communist.......that will let you vote,,only if for them...............this is just the start..wait and things will really change..

[DoctorDoubleX]

i think the start was when the patriot act was passes

[bobhardball]

After you have used all the words ending with "ism" to describe the Democrats, do not forget to tell our conservative leaders what to do to keep their seats in the mid-term elections and win back The White House. ´Cause the latter is more important than just memorazing the GOP talking points nobody is really listening to, feelhand!!!

[Dblock7185]

God you're an idiot I really hope you don't have any kids.

[bossudude420]

what a true badass this guy!!! the wall street fat cats have fucked up, its time for them to all step down and join the rest of the country, why not pay the best teachers, doctors, and scientists in this country millions of dollars? they are improving life instead of marginalizing the populations into small exploitable consumer populations.

[jenisoutofhermind]

What he should have said is the salaries of all those in congress should be limited because what do they know about running goernment.

[sjhmdinwood]

Just to let you know, sassygirl345, one of the first things our young Republic did after the Rev. War was send John Adams abroad to BORROW money from Europe . Now calm down and go shopping at your favorite store, WartMart.......

[lamouchemorte]

Mark Haines is frightening. We are all fucked.

[boots920]

Let's sum it up:

Endless useless war

Endless Government Spending

Endless Welfare

Endless Corruption

No sound money, means the US dollar is toast act accordingly. Food will be the the new international currency, paid for with gold and silver. Its going on in Zimbabwe right now, you pan for gold or don't eat.

[moregravyplease]

Endless nonsense.

Let me guess: you are not an economist, are you?

Are you, or are you not, an economist? That is a simple yes or no question.

[boots920]

Nope, just a realist.

All fiat money ends, in 1971 (Nixon I'm a crook) ended the gold window. World reserve currency that's pure fiat, that means its going to end. You could see that at the next G20 meeting. New world reserve currency coming down the pipe.

Means your US dollar will go to 50% purchasing power overnight. I understand it, I'm not in power to stop it. Just making some observation here. Name one thing I stated that isn't true, truth isn't nonsense.

[airborne373]

I don't totally agree with Rep. Sherman but he is one of the better reps in the Congress. I believe he voted against the bailouts in the first place. Didn't he?

[kclaf]

Thank you Rep. Sherman for saying what 'Main Street" has been saying! It doesn't take an economist to figure out that Wall Street with the aid of the past administration has gutted our treasury and they knew exactly what they were doing and we enabled by corporate media.

[renijohn012270]

Can you argue,,, that the reason why the government has to "borrow, make, tax and bailout" is because from 1994-2006 republican conservative ideology was in power in Washington DC which gave tax cuts to rich people and fucked everyone else. Can you argue,,, for 12 years we tried it one way and it has FAILED, causing the government to step in and help save corporations, jobs and peoples lives!! I CAN ARGUE THIS FACT ANY DAY OF THE WEEK!!!!

I do agree however that the Government is FUCKED!!

[snappa52]

thank you Rep. Sherman.

[theedge202]

The CNBC guy is such a douchebag

[johnrussellCD5]

The Wall Street Scamming of the average American MUST be brought to an end!

[eXcommunicate1979]

Sherman just pwned that douche guzzler.

[DrunkenPublicness]

Haines: "What does Main Street know about running a financial system?"

Well, Mr. Haines, your network did nothing to warn Americans about the instability of our monetary policy, nor did CNBC bother to recognize the catastrophic consequences of the bubble collapse.

I think the more appropraite question be, "what do you, CNBC and Wall Street know about running a financial system, Mr. Haines"?

[SandorFne]

CNBC has joined Fox as a bunker for right wing extremists fighting to maintain the petrified class system which threatens our Democracy. If we had more representatives like Brad Sherman challenging greedy tools at CNBC, we might begin to make progress in providing our middle class with the quality of life they deserve.

[CarryANation]

General Electric/Military Industrial Complex now has a right-wing nutjob channel CNBC, and a left-wing nutjob channel, MSNBC.

[10pigdog6]

Note to Haines: the 80s are over. Pink ties are for douchebags. Also, you're and arrogant shitbag.

[ver506]

True dat!

[dexxjones]

wall street needs a swift kick in its arse. thee people think they're better than the rest of us even as we are footing the bill so that they can maintain their lavish lifestyles. prison isnt good enough for these people.

[Dblock7185]

Do you know what wall street would look like ?These fucking idiots at MSNBC. Wall street would look like the rest america. These fucking idiots at MSNBC .I hope someone will burn down that fucking building.

[DillonX]

I wish Sherman was wrong but he's right on the money. In recent yrs especially Wall St has been all about greed.

An example: Some ppl say WE need to drill for more oil! WE don't drill for oil!

Other major oil-producing countries do drill for oil caz they have their own oil producing company. In Venezula they sale gas for ten cents a gal, then export the rest. Saddam did the same & that's done in Saudi Arabia today.

But if we open up land to Exxon & Japan offers a CENT more -- IT'S GONE!

[calibush]

Good job Rep. Sherman!

[jpbalkenende]

Overseas? Does this idiot realize there is a GLOBAL crisis going on? And other businesses may be none to please hiring the 'experts' that brought down the world economy. We've heard this nonsense for years, and even then the ugly truth was that execs on Wall Street and CEOs make a hell of a lot more than their foreign counterparts (the likes of R.Wagoner made more than their Toyota counterparts) while this had no relation to performance. The only answer left then is corruption, and that it was.

[vitriolix]

pwnd

[danthemango]

I hope with recent history he means anything past 1900

[KataVideo]

haines is just another fatty, supply-side neo-clown working for nbc's entertainment division. cnbc is not a news network. it is not part of the nbc news division.

[NBachers]

Look at this gluttonous porcine Republican crook Wall Street slob.

"Receivership would've caused systemic problems." Thank God we don't have any systemic problems now.

Witchhuntery? Do we want to go with burning at the stake, or the "if they sink & drown they're innocent" solution?

"Do you know what Wall Street would look like if we did that?" Yes, it would look like an upscale neighborhood in any town. The pathological, sociopathic greed of these Republican traitors is unbelievable.

[eXcommunicate1979]

I cant upvote you enough!

[rakrobn]

Dumbass, it's pretty obvious how much systemic risks AIG took to where it now needs government taxpayer money. Don't want the government telling you what to do?? DON'T TAKE TAXPAYER MONEY. Haines got clowned and you know it.

[BayAreaLen]

That guy Sherman is awesome!

[thebobnbob]

was Haines really trying to say that Wall Street'rs have been working for the best interest of the nation?!

Ha! I'd like to take a look at his investment portfolio - it must all be in gold now.

Wall Street'rs have only been looking out for themselves and their own interests, to hell with the nation!

[olTOml24]

Haines got owned

[Mmmmmmmbacon]

Main Street knows more aout running the financial system than Wall Street?

*********

Obviously.

*************

No idea what systemic risks means EVEN AFTER ALL THESE MONTHS!?!

********

So what does it mean...NOW? Looks like it's aready happened. AIG isn't too big to fail, it has ALREADY failed.

This is just a plug for the latest lame GOP talking point....something about their favorite Senator they like to defend, McCarthy.

[wdmacr]

sassygirl is ignorant and clueless.

[sweetboy43]

How did these idiots on Wall St., after we find out that all they are good at is running their companies into the ground, get their jobs? This excessive CEO pay ponzi schemes and golden parachutes are a revolving door for these idiots to come in to finally cash in on their huge casino bet and ride off with their million dollar pay days!

[urbangonzo]

I remember wearing the uniform of this country quite well, and the camaraderie in the ranks felt real enough to me (I miss it don't you know). Maybe she is reactionary and undereducated, but right?

Also, the last time I checked Hawaii is part of this most excellent union.

[PeterPancrease]

"Hawaii is part of this most excellent union."...yeah, illegally.

[rakrobn]

PeterPancrease - what do you mean illegally - Hawaii IS part of the United States just like Alaska MORON.

[PeterPancrease]

If you acknowledge that the overthrow of the Hawaiian Monarchy legal then I guess it is legal fuck face. How about you do some historical research before you voice your opinion you ignorant shit. The state of Hawaii is rendered void because the overthrow is illegal...do you get that logic. That's like me taking your house then voting with my friends and new system of law that it is now apart of the United States properties. Fuck the U.S. and fuck you.

[dustee]

Is this you Sarah ("I can see Russia from my house") Palin? It's hard to tell on this site dear. There are so man stupid people that come here.

I'm just taking a wild guess because of your colorful language like, "fuck face" and "ignorant shit", and knowing you haven't learn to read a newspaper yet, not to mention a book of any kind.

Maybe we could all get are pennies together and start you at the beginning you know with the book 'Fun with Dick and Jane'...maybe 1 of your kids can help you.

[PeterPancrease]

Actually,I got two degrees from a UC school.What have you done with your life?Judgments like yours just make you sound like an idiot because my response was made to a person who called me a moron when he didn't know the history that I mentioned.Are you still using Sarah Palin as a reference for a dumb person?I'm not defending her at all, but use something current...she will never be president not even in 2012.Keep your money cause it seems you need it desperately.I hope you never have kids.

[iSarahPalin]

I, Sarah Palin, ! will be the president one day. You'll see!

[bossudude420]

I hope I am not alive to see that day.

[PeterPancrease]

And if you do have kids I feel sorry for them...born to another idiot. Do us all a favor get your tubes tied or a vasectomy.

[volumedealer1]

Who are the A-holes giving a thumbs down to this comment?

Are you absolutely stupid?

Sassy girl is pretty right!

[askmeif]

"witchhuntery" he tells us

[urbangonzo]

Stay inarticulate I say..

Obvious ignorance undermines your argument(?), and lifts up those that are intelligently put forth.. Regardless of political affiliation of course. =)

[valgehiir]

in this the CNBC guy made sence, Sherman wants to put  AIG in receivership? This idiot thinks to bankrupt AIG and bring world market to stand still is the way to go?? good thinking, Sherman.. now go to some fundraiser

[flang]

Defending bonuses and thinking people making under 250 grand can't run a company don't make sense.

[urbangonzo]

It would be nice if your post made "sence".

Sherman was correct as well as articulate, the vast majority of wall street (and CNBC by proxy) does not have the interests of America at heart. The evidence is staggering and I find it insulting that the media would pander to one side of this argument. Interesting that they chose to prop up the interests of Wall Street so blatantly here, if only executives were thrown these hard-balls over recent years. Where is your disgust my fellow countrymen?

[laleeloolelo]

You said: "This idiot thinks to bankrupt AIG and bring world market to stand still is the way to go?"

Huh?

How does recouping unfair bonus paid with TAXPAYERS' MONEY is something that can "bankrupt AIG and bring world market to stand still "?

If AIG execs don't like it they can quit.

Like hollyhoodjoe123 said: "They also act as if these CEOs are irreplaceable. There are 1000's of people who could do a better job at a far less price."

[sweetboy43]

That's what I'm sayin...

[feriwarlock]

Let the witch hunting begin! I say bring back the guillotine and lay these conservative face up so they can see the blade coming. We need a new Reign of Terror to punish those who have raped hard working American families.

[carthfhuil]

Nice sassygirl! Stay angry. Spread the word.

[hollyhoodjoe123]

Jon Stewart posed this question before, and I will ask it again to CNBC.

"Who's side are you on?"

CNBC speaks as if executives don't get paid 10+ million dollars a year, they won't be able to perform. Bullshit!

They also act as if these CEOs are irreplaceable. There are 1000's of people who could do a better job at a far less price.

[volumedealer1]

HERE,HERE!!

[gamoonbat]

pitchforkery!

[carthfhuil]

Nicely put.

[Melpheos1er]

Mark Haines is a total idiot...

[voyeurdug]

A valuable exchange...

Sherman: I don't have to be realistic, I'm a politician.

Haines: I can pose unanswerable questions all day.

[carthfhuil]

Wow, smart people are OUT IN FORCE, today. You must be the 2nd, maybe 3rd person who realizes that neither CNBC nor DC cares how many dollars we give away.

[jfnuyen]

These guys on Wall Street are acting in the interests of only one group, themselves. If people on the so called main street think differently, that would fly in the face of what they themselves do, which is to act in their own best interest. To think that Wall Street is working on behalf of America is simply ridiculous.

[appeals2me]

"Witch huntery"?

[adseipsum]

is that a word?

[FoShizzle951]

Sherman 1, Haines 0

[JuniorTimes]

after billions of dollars of bailout money why do they think they deserve a high salary?! they should be happy with a job because their company would be gone already

stop the greed!!!

[MonkeyFinger23]

But if we don't bow down to their greed they will all go away and go over seas... wait whats wrong with that again???

[U2Berror]

lol, this is hilarious!!!

[annarboriter]

Did that windbag suggest that stack analysts jjob would go overseas? If only we could outsource these selfish parasites and leeches!

WTF! I have stopped counting the number of pundits willing to stand up to protect the entitlements of the most incompetent members of the US aristicracy!

[Visfen]

Who fucking gives a shit what these exec's are paid, it's a total distraction from the real wasteful spending. These companies are burning billions of cash every month, they could quadrouple, even tenfold their bonsuses, and it wouldn't even show up on their balance sheet because they are burning so much cash.

Stop this, nobody fucking cares, only moronic retards that doesn't understand he problem.

[mahyarmohaghegh]

ahahahha "what does AIG know about running a financial system?"

fully raping capitalism

[NatureLegalized]

oh my gosh, how could i ever expect to get by on a half million + unlimited restricted stock ???