I am generally a calm person. I'm older and have been through a lot so it's easier to put things in perspective. Until today. There it is, on MSNBC.com, the pay czar concerned that top talent will leave financial firms if they don't continue to get their outrageious bonuses. This so-called top talent has brought down the world's economy, that was saved only by taxpayer bailout and the greedy bums can't wait even one year before they start pouting and screarming and behaving like the kind of 2-year-olds that get thrown off planes?
Seriously, how can they event think they deserve a salary let alone a bonus? Sure, the economy is starting to recover, my 40% loss is now only a 20% loss. Wow, such genius. And that's only because the government stepped in to save them not because of their so-called "talent." Their talent is like that loser show of auditions showing how badly some people sing. As if a record company says we'd better sign them before someone else does. Yes, they're tone deaf with no rhythm and a lousy voice but if they sign elsewhere we'll lose them. Would the person who signed them have a job in a year? Unlikely.
Yet, when it comes to the financial community it seems the stupider you are the more you're coddled and babied and given money to stay and continue your abhorent behavior. Are we all drinking Kool-aid? In the 70's some film critics described incomprehensible foreign films as brilliant because they didn't understand them but didn't want to appear ignorant when others touted them. No one wants to say the emperor has no clothes.
Well, here it is - THE EMPEROR IS FREAKING NAKED. I say throw them all out and start over. Put in place the panelists from "Are you Smarter than a Fifth Grader?" and I think you'd get the same or better results. And I"m guessing their parents would sign on for less than $140 billion per year.
Yeah, I'm angry. People are hurting through no fault of their own. Those who took risky mortgages to upgrade or maxed out their home equty to put in a six acre bathroom, fine, they arguably deserve to lose their home. But this financial meltdown has gone further and wider hitting way too many people who played by the rules and did all the right things and now find themselves virtually starting over.
The only ones unscathed by this catastrophe are the Wall Street Bonus Babies. And that is a travesty. They not only deserve no bonuses, I'd like to see some in jail for fraud on the American people. Problem is, they figured out how to avoid blame not how to make money. Bernie Madoff had nothing on them - Wall Street has become a bigger and better Ponzi scheme.
I'm officially mad and I know I'm not the only one. French Revolution, anyone? President Obama promised change then gave us Timothy Geithner and Larry Summers and then moved to health care. Fine, health care is vital, I get that and our economy needs the overhaul but meanwhile you left the foxes guarding the hen house. They are protecting Wall Street and soon will join their brethren making a fortune by screwing everyone else.