Merill pays out 1 million to 700 pple as America goes to the dogs

[mschey]

Quote from Banff01:

Only in this case, the capitalism unexplainably erred and the invisible hand of the free market handed the tax payers the bill. Those who did shit, sounded like they know everything and had family and friends in the right places got the most cream.

Taxpayers are being paid well, the gov is making a nice spread on the funds they are putting back into the system, and once you factor in that these bonuses pay taxes at 40%, taxpayers are getting even more for their dollars. I wouldn't call it a tax payers bill.

 

[mschey]

Quote from lolatmadoffinve:

you're either retarded, or a psychopath.

How can Merill employees have added significant value when it was effectively bankrupted by activities of said employees?

Everyone should read the link. It explains correctly why people can't figure out why their own government would screw them.

http://mises.org/Community/forums/t/6025.aspx

In the book Political Ponerology, Andrew Lobaczewski claims that about 6% of the people within a population have psychopathic characters. The implications of this, which he recognized soon after World War II, stagger the mind. Moreover, he suggests that another 12% of the population has high susceptibility to psychopathic thought. In a world dominated by hierarchical structures, these people sieze control of the key positions and create a so-called “pathocracy.” Lobaczewski continues, writing in ways that clearly anticipate the current reality:

Within this [pathocratic] system, the common man is blamed for not having been born a psychopath, and is considered good for nothing except hard work, fighting and dying to protect a system of government he can neither sufficiently comprehend nor ever consider to be his own. An ever-strengthening network of psychopathic and related individuals gradually starts to dominate, overshadowing the others.



My take is Andrew Lobaczewski's claim of 6% is too low. The total psychopath population is between 14% to 20% with 5% being at the extreme end.

Some populations with localized ( inbreeding) marriage systems will have higher numbers. Explaining why entire countries such as Pakistan are effectively Psychopathic populations.

Congratulations, you managed to read a book and regurgitate someone else's thought.....get back to me when you have a few of your own.

 

[EMRGLOBAL]

While more than 39,000 Merrill employees received bonuses from the pool, the vast majority of these funds were "disproportionately distributed to a small number of individuals."

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Why don't you "yellow belly", Communist, Democratic Left wing morons on this site take a flight over to the dozen or so "Socailist Nations. Hell, you have Canada right on our border. You fucking morons should'nt be on this site, let alone in this country.

Idiots.

 

[Angrycat]

Most of the people at Merrill had absolutely nothing to do with the decisions that lead to the trouble that followed. Options market makers made a lot of money for the firm, so they shouldn't be paid? If they hadn't made as much money as they did, taxpayers would have had to pay up even more money. I see the argument that a bankrupt firm should go bankrupt and nobody gets paid at all. Fine. But once you have government handing out money like candy, this is the kind of dilemma you're going to have. We're just going to suck it up because if you don't pay the people who are actually making money for the firm, Barney Frank will make you pay for the loss of those profits from your pocket anyway.

Meanwhile, while the bitches in congress are filled with righteous indignation over I-banking bonuses, they vote to increase their own salaries by 3%. Can anyone think of a bigger failure than congress? Why are we being asked to pony up an additional 3% for them when they should all be burned at the stake? And why are we being hit up for lifetime pensions for congressmen who served as little as a single term?