Money for nothing

posted by The Sailor @ 7:38 PM Permalink

Firms That Got Bailout Money Keep Lobbying

[...]
[Citigroup] While trying to keep a low profile, the company is still fielding an army of Washington lobbyists working on a host of issues, including the bailout. In the fourth quarter, it spent $1.77 million on lobbying fees, according to its lobbyists’ filings.
[...]
During the last three months of 2008, at least seven other firms receiving bailout funds — American Express, Capital One, Goldman Sachs, KeyCorp, Morgan Stanley, PNC and Bank of New York Mellon — all lobbied the government about the bailout, according to a review of their most recent disclosure reports.

Does anyone else see a problem with that?

Or how about this, Wall Streetwalkers (OK, maybe they take a limo but that doesn't mean they aren't whores) are trying to justify the 18.4 BILLION DOLLARS they gave/got in bonuses of our tax money for failing. And not just a small fail, a fail that is epic beyond belief. Greed works my ass! I'm with Senator McCaskill:

Senator wants pay cap for Wall Street 'idiots'

"We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer," an enraged McCaskill said on the floor of the Senate. "They don't get it. These people are idiots. You can't use taxpayer money to pay out $18 billion in bonuses."

I agree with the Senator on most counts, but I'm thinking she isn't allowed to call them greedy bastards from the Senate floor.

And then there's the justification from the greedy bastards (faithfully scribed by AP mediawhores):

Bonuses no luxury for some Wall Street workers

[...]
While Wall Street investment banks and other financial firms make headlines for the millions paid out to certain executives, more modest bonuses go to workers from human resources representatives to secretaries as well as employees who actually made money for their companies last year.

Jason Weisberg, vice president of the Wall Street brokerage Seaport Securities, said bank employees count on performance bonuses like salesmen count on commissions.

"What are you supposed to pay them?" Weisberg asked. "Or are you not supposed to pay them? And if you don't pay them, how do you expect that employee to stay employed at that company?"

One, salespeople work on commissions, managers & secretaries don't.
Two, 'little people' in your Wall Street office aren't your waiters or waitresses, they make a salary, not rely on tips.
Three, If you want to retain those workers, DON'T LAY THEM OFF! I'm pretty sure they'd be just happy to have a job right now. Or maybe they should unionize and force you to pay them what they're worth.

I know the HR people and secretaries where I work, along with me and every employee that I know of, work for our wages. One employee each year gets a $500 bonus. And that employee is voted that bonus by their fellow employees. And I still think $500 is a lot of money.

And I work in a nice place with wonderful people who are going to make a positive difference in peoples lives, not like these greedy bastards who have done nothing for this country or the world except cause misery while they insist on profiting thru their skill & heartlessness at clever manipulations of other people's money. And now they're bitchin' that they might lose money too!

That's not a skill to be proud of, that's a parasite that bleeds & bleeds the host until the host dies. The host has died and now they want more. Parasites always want more.

p.s I apologize to the whores and bastards I've known and worked with over the years. They've mainly been good people, and I've really got to come up with some new terms for this level of evil and incompetence.


Cross posted at SteveAudio

Labels: Economy