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ok enuff. the entire whitey society is a giant ponzi scheme. Why send madoff to prison, when he was only doing what all financial/insurance/taxing systems are doing. No matter what the economies condition, the sun always rises each day and the world keeps on turning. Im sure that in a communist country you didnt hafta worry about being mugged/ carjacked by a crackhead.
Dear Olbermann, While GE, the parent-company of your network, was negotiating a $126 billion taxpayer-funded bailout, you signed a new contract raising your salary from $4 million to $7.5 million annually. You have used your show as a platform calling for the resignation of corp executives accepting excessive bonuses on the backs of taxpayers who are picking up the tab for these atrocious bailouts, yet you yourself have no problem in the same class economic rape that you accuse them of.
The bankers and wealthy in this country are calling everyone else losers? You can't bullshit me into believing that nonsense. You really expect us all to believe the wealthiest in this country earned every cent that they make? Most of them inherited their fortunes, probably never even had to write out a resume after college, because they already had a job given to them. They are nothing but grown up rich kids who snort coke and play golf.
swaggy..the fry cook analogy was not meant for any other purpose than too highlight the intellect necessary to wind these instruments down...without causing a total melt down of AIG in what surely would of been a panic and run on the accounts...I'm sure your father ran a successful business to be proud of...but unfortunately these credit default swaps were written with very difficult terminology that even the managers could not understand them..hence we need smart MFrrs to unwind/unload them
I don't care about the complexities. That is just an old Republican trick for when they KNOW they fucked up. Ya'll try to muddy up and make the issue a lot more complex than it really is.
It comes down to RESPONSIBILITY to the COMPANY!!!
If you claim that these people are SOOOO smart then they certainly knew that the risk of their behavior could lead to their companies being ruined. But they still went ahead and behaved irresponsible.
swaggy...1st off..I'm not a repub and couldn't give a shit about either party...it is however naive on your part to think that a multi national corporation would not have people on board with their own agenda...they were there to make money at all costs and could not care less if the company folded as long as they got theirs...that said...quit blaming everyone there for the damage done by the few..it is a fact this was a rogue outfit that destroyed the work of thousands around the world..
swaggajee...swaggy...no need to be hostile...my point is Graham (yes a repub) wrote it but the pres signed it into law...it would be like me holding congress and senate to blame for the last 2 years...abut it is the pres with the final authority..and if anyone...anyone ...should know what the consequences of that bill are...he is the last man to sign it and put it into law...period..end of story.....so I believe he knew exactly what the loopholes offered and went along for the ride..
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While GE, the parent-company of your network, was negotiating a $126 billion taxpayer-funded bailout, you signed a new contract raising your salary from $4 million to $7.5 million annually. You have used your show as a platform calling for the resignation of corp executives accepting excessive bonuses on the backs of taxpayers who are picking up the tab for these atrocious bailouts, yet you yourself have no problem in the same class economic rape that you accuse them of.
They are nothing but grown up rich kids who snort coke and play golf.
It comes down to RESPONSIBILITY to the COMPANY!!!
If you claim that these people are SOOOO smart then they certainly knew that the risk of their behavior could lead to their companies being ruined. But they still went ahead and behaved irresponsible.
Dude, wake up!! All the CEO needs is the board on his side which he has control with who gets put on the board.
Also, quit making excuses for "the few". The top 5% makes more than the entire bottom 50%. So yeah, they do run things and should be regulated.