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I don’t remember much love from you about the auto bailouts.
“How do you think pension funds and IRAs are managed?”
Not much of this is done by investment banks, and even the parts which are don’t rely on any of the other parts of the bank.
BSM, probably cause gov doesnt bail out sports leagues
By BedstuyMaven on February 23, 2011 3:01 PM
How come no one finds it offensive that Jeter gets 18 million a year to play a game?
I do. He should have gotten more.
jb and dh,
At a gut level, it does appear wrong that bailed-out corporations should pay bonuses with tax payer dollars.
I believe that many of those corporations didn’t pay out that year or the government was looking to have them return that money. If they didn’t, then I’m for those tax payer bonuses being returned. I do believe though that it is not a common practice of corportations to take tax payer money and hand it to their employees.
That being said, GM was saved by the taxpayer and handed over to the unions while the Class A shareholders (private citizens) were told to go scratch.
On the union issue in Wisconsin, this is a separate case where the state government is charged with balancing the books and it is well understood where the money is hemorrhaging from. The people have spoken. They will still have jobs, the unions will just be stopped from collecting tax payer money from dues and handing it over to democratic interests.
How come no one finds it offensive that Jeter gets 18 million a year to play a game?
rf…autos????? airlines????? steel??????
I know you like to hate on Wall street but at least know your facts
let’s not kid ourselves about good bankers making tons of money. if they dont make it with US banks, they’ll make it with hedge fds, banks outside of US,…. the capital will go with them cause the folks who pumped in the capital is chasing returns so as long as those bankers can produce, the capital will be there.
“i think as a country we would be a lot better off if we had less “big producers” trading a bunch of worthless shit to each other.”
I think his is a rather naive view of the role of investment banks.
“Worthless shit????” How do you think business get financed and do stock offerings and float debt issues??? How do you think pension funds and IRAs are managed? Sure a lot of CDOs were worthless shit but get a grip.