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originally posted by: Jamie1
Would you prefer they give out their money to those who don't work for them?
originally posted by: Jamie1
Would you prefer they give out their money to those who don't work for them?
originally posted by: buster2010
originally posted by: Jamie1
Would you prefer they give out their money to those who don't work for them?
Do you think these people actually do work that is actually worth what they are being paid? This just shows how these bankers are screwing the people over.
originally posted by: LOSTinAMERICA
a reply to: Jamie1
Must be nice to have boobs.
originally posted by: Jamie1
Of course they deserve the money. Money doesn't end up in their bank account by luck.
originally posted by: jacobe001
originally posted by: Jamie1
Of course they deserve the money. Money doesn't end up in their bank account by luck.
I have come across Wall Street Investors that say they are entitled to high pay because of the hours they put in and because of the amount of money they are dealing with. They deserve a fair cut of other peoples money pouring into the coffers of Wall Street.
Using this logic, people working 2 or 3 jobs, 14 to 17 hours a day deserve high pay as well?
Using this logic, a bank robber that stakes out a bank, learns the movement of the security officers, the comings and goings of employees and so on, deserves it because he is dealing with a lot other peoples money and put out a lot hours into learning out the layout of the land.
Nevertheless, at the very least, they do not deserve what they get when it is done through collusion and corruption rather than healthy competitive capitalist competition. Anyone with half an eye open that has seen how everyone is a muppet to them to be taken advantage of and knows how things really work will not be swayed by the BS.
The Big Banks are not donating to both parties to be kind. They expect a return on their investment and that money comes from other people's blood sweat and tears consisting of employees and employers.
www.opensecrets.org...
Top Contributors to Obama
Goldman Sachs $1,034,615
JPMorgan Chase & Co $847,895
Citigroup Inc $755,057
US Government $638,335
Skadden, Arps et al $554,439
US Dept of Justice $540,636
IBM Corp $534,470
UBS AG $534,166
General Electric $532,031
Morgan Stanley $528,182
www.opensecrets.org...
Top Contributors to Romney
Goldman Sachs $1,033,204
Bank of America $1,013,402
Morgan Stanley $911,305
JPMorgan Chase & Co $834,096
Wells Fargo $677,076
Credit Suisse Group $643,120
Citigroup Inc $511,199
Barclays $446,000
General Electric $332,875
originally posted by: Jamie1
a reply to: douglas5
You do realize that everything in your world that you use, and that you did absolutely ZERO to earn or produce, like your phone, the internet, Google, your food, where you live, your entertainment, your transportation, just about everything, was made possible by investment banks providing liquidity to the markets and VC money, right?
Do you think there would be any of the technology we take for granted if it weren't for the investment banks you like to demonize?
originally posted by: Chadwickus
a reply to: douglas5
Never happen?
$1.6 billion since 2008 according to this page..
www.goldmansachs.com...
Bit hard to take your points seriously when you don't even bother to fact check..
Tall poppy syndrome
Trust Goldman Sachs to make a record fine look like a good result
The fine is likely to cost Goldmans between $800m (£470m) and $1.25bn according to a report in The Wall Street Journal over the weekend. Even at the lower end of that range, it would eclipse the largest fine in the investment bank’s history: the $550m settlement agreed with the Securities and Exchange Commission in 2010
www.telegraph.co.uk...
www.bbc.co.uk...
In its lawsuit, the FHFA said Fannie Mae and Freddie Mac bought $11.1 billion of mortgage-backed securities from Goldman, unaware that "significant percentages of the underlying mortgage loans... had materially poorer credit quality than was represented in the registration statements."
www.huffingtonpost.com...
originally posted by: Jamie1
Would you prefer they give out their money to those who don't work for them?
originally posted by: jacobe001
originally posted by: Jamie1
a reply to: douglas5
You do realize that everything in your world that you use, and that you did absolutely ZERO to earn or produce, like your phone, the internet, Google, your food, where you live, your entertainment, your transportation, just about everything, was made possible by investment banks providing liquidity to the markets and VC money, right?
Do you think there would be any of the technology we take for granted if it weren't for the investment banks you like to demonize?
If no investment banks existed what would happen?
Prices would deflate due to supply and demand if you do not have the money to pony up.
College Loans, Auto Loans, Medical Bills, Mortgages, these prices would all drop like a rock without the usurious middle men in the way.
It is a way to leech off others a little at a time throughout their life.