5 myths about Wall Street pay days

Quote from mokwit:

The function of business school professors nowadays is to explain why anything that Wall St and corrporations does is of benefit to society. e.g. if a company pollutes a river it benefitted the ecosystem because it killed fish that were eating snails etc

Business school professors are just sad losers with the dream of a GS board seat in their eyes and who will say ANYTHING in the hope that a GS MD will notice his brown nosing and say, "why, what a stout felllow, I think we should have him on our board!".
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From someone currently in a business program - no truer words have even been spoken.
 
I agreed 100% you.


Quote from KINGOFSHORTS:

I do not have an issue with compensation and bonuses in a free market capitalistic non government socialist economy.

I have an issue when bonuses are handed out by companies that took bets and lost and then were handed taxpayer dollars. If it was not for this taxpayer money these firms would have been out of business and none of them would have been collecting any bonuses.
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You have a very big point, you're right we need the glass-steagal act.

Quote from Specterx:

Here's my solution:

1. Get rid of all government backing for Wall Street, break up the TBTF firms, separate commercial from investment banking and only guarantee the former, and hold commercial banks' leverage down to 4-1.

2. Wall Street can now pay whatever salaries, bonuses etc. it wants based on revenues they legitimately earn.

Welfare queens should NOT be going to sleep at night on a giant pile of government cash.
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Bullshit shoveled by yet another financial industry shill.

These corporations are operating today solely because of taxpayer wealth handed to them by politicians. They are de facto government entities, and their employees should not make any more than any other government employee.
 
I have no problem with someone getting a bonus. I do have a problem with the fact that none of the motherfuckers that orchastrated this financial rape are in jail. From politicans to corproate execs and their flunkies, why aren't these pricks in the slammer? Bernie f'n Madoff is the only guy that goes down? Are you fucking kidding me? He was nothing but a pimple on the ass of the biggest scam ever perpatrated. Frank, Dodd, Ghramn, Rubin, Greenspan and Summers are but a few of the political hacks that need prison time. A plethora of Goldman Sacks execs, Countrywide execs, bankers and mortgage brokers by the hundreds. All these pricks just get a pass? They ruined more lives than any drug cartel or terrorists ever would. Get a F'N rope!!!
 
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