They are getting Federal money because they fucked up so badly that it’s caused a world recession.
And some of the places, after they got the money, had parties worth hundreds of thousands of dollars and I read somewhere one of them was going to buy a damn private plane.
These CEOs make something like 247 times the amount that workers make. They made that much so they could fuck up and destroy everything. I’m not seeing how a cap is a bad thing. You fuck up, you don’t get your way anymore.
I say good.
Then I guess you will be good when the Government comes in and tells you what to make, how to make it, and how much you get for it huh?
You compare their salary to “workers”? You cannot compare an executive who makes decisions and makes policies that drive company profits to a desk clerk who files deposits. Yeah they failed…but you are putting a noose around the job that will kill any type of “progressive” thinking…to use a word you may like.
The Socialist/Communist playbook has been bought by you hook line and sinker.
Once upon a time, the CEO’s were at least somewhere near comparable to the people who worked for them. Do CEO’s deserve more? Of course. Do they deserve million dollar bonuses while they lay off the guy who makes $50k and has kids to feed but can’t find another job (all the while the corporation is getting this money from the government?) No.
As someone else said, they failed at their job. Their business is down to nothing, and they’re receiving help from the government just to keep it alive. Does that warrant a bonus? Because in most other places, it warrants a pink slip.
No one is putting a noose on anything. These guys still get paid more in one year than most of us will ever see our lives- but they’re not allowed these ridiculous bonuses on the taxpayer’s dime.
That’s hardly “communist” Mr. McCarthy.
And what’s with the tone? You are getting bitter and angry in your old age, my friend.
You keep breaking it down to “fairness”.
I believe our government got these banks where they are, so in that I don’t believe the government should have any further say at all…nor should they have plugged the money to these banks either.
This is the beginning of nationalization at a grand scale, which as an educated man, you can see where that will not work for the USA taxpayer.[/quote]
So when I bemoaned the loss of civil rights during the Bush Administration, I was called crazy. But now, for something like this that will never effect any of us posting on this board in our lifetimes, this is the slippery slope into government rule??
Take that tin foil hat off. The banks, along with Wall Street, did all of this on their own. This is what happens with unregulated capitalism. Even stupid ass W saw this coming, but everyone brushed him off like he was the town drunk at a bar (ironically).
Nationalization my ass. Nothing will be nationalized. This is just reactionary craziness.