Jagger69
Three lullabies in an ancient tongue
If the shareholders of Bank of America were comfortable paying Ken Lewis $60 million in retirement, I'm OK with that. If the shareholders of Merrill Lynch were comfortable with John Thain buying an $87,000 toilet for his $1.25 million renovated office, and earning $87 million the year before his firm lost $15 billion (with a "b"!!!) and had to be sold to another company (that itself hooked onto the public teat) before it went under... I'm also OK with that. If the shareholders of Lehman were comfortable paying Dick Fuld $45 million in the year that he destroyed a 160 year old firm, and reportedly made $500 million over the course of a troubled 14 year career, I'm OK with that too. What I'm not OK with is when these rat bastards kill or cripple their firms, and the taxpayers wind up being on the hook for it because of the size of the firms.
As long as the GOP blocks any attempts at financial reform, "too big to fail" remains the song of the day. And the only people who should be comfortable (happy?) with that scenario are upper level executives and major bondholders with the money center banks. If you're not in that group, then you're a chicken worrying that Colonel Sanders might be getting a raw deal. I seriously doubt that anyone here does frequent business with Goldman Sachs. I know I don't. I'm just sayin'. :dunno:
VERY well said. :thumbsup: