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1.31.2009
What Red Ink? Wall St. Paid Fat Bonuses - NYTimes.com
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year. Of course President Obama had a word or two to say to the companies on Wall St. that are taking money and still pretending that its their own. His message was essentially, there is a time and a place to steal people's money. Even though Wall St. companies are used to stealing money from others and pocketing it for their own use, they should realize that there is a limit to just how blatant they can be in this process. For the sake of the system, for the sake of continued theft and exploitation in the future, the businesses that are even now pocketing government money should at least pretend to care about the vast numbers of working people that make their wealth possible. The president is warning them that the alternative may be a financial revolution and an awaking by the American people to the swindling that goes on day after day in this country. |
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