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Post by palesa on Feb 5, 2009 5:24:30 GMT
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Post by bixaorellana on Feb 5, 2009 5:32:03 GMT
Can you say "hubris"?
(that's Greek for huge loud clanking brass balls)
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Post by gringalais on Feb 5, 2009 18:03:34 GMT
I liked this comment:
Others insisted that the “draconian” caps would drive the “best and the brightest” away from Wall Street… _____________________________________________________________
First, if these overpaid people were REALLY the “best and the brightest”, why are their companies in the toilet?
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Post by palesa on Feb 5, 2009 18:07:21 GMT
Some of the comments were brill!
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Post by jongleur on Feb 5, 2009 18:37:50 GMT
My favouite (out of many) - So just WHO would HIRE any of these “high powered talents” based on their performance record? Kinda like trying to sell a return trip ticket on the Titanic.
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Post by Deleted on Feb 5, 2009 18:40:58 GMT
I wonder what wonders and in which domain the best and the brightest will do if they are driven away from Wall Street.
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Post by gringalais on Feb 10, 2009 17:46:58 GMT
I was reading another article that said a lot of these investment bankers have lots credit card/home equity debt and little savings even though they make millions, which struck me as crazy. Everything goes towards huge mortgages, private schools, nannies, expensive clothes to wear to charity dinners, vacations, etc. I thought about it further and it hit me, what the hell were these people doing managing complex financial instruments when they can't even handle their own finances?!?!
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Post by palesa on Feb 12, 2009 14:54:12 GMT
Good point Gringa!
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Post by Deleted on Feb 12, 2009 15:03:42 GMT
I know lots of people who tend to live off the virtual money of the future, but I am dead set against it. ("Oh, I'll be getting a 10% raise in 6 months, so we can start spending 5% more right away!")
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Post by Kimby on Feb 19, 2009 23:39:15 GMT
The CEOs will depart for firms overseas, if their "talents" aren't rewarded adequately by US firms/banks. Good riddance!
Also, some have said that the bailout is a bad thing because Wall Street doesn't like it, evidenced by the big drops in the stock market. Who cares if Wall Street "likes" it? So long as the bailout helps Main Street and the little guys, Wall Street is irrelevant. Except for all the retirement accounts invested in stocks...
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