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Local Stories by Local People
updated: Jan 19, 2013, 1:00 PM

Some of the wizards of Wall Street are being asked to prove why their salaries should soar while stock prices hardly move.

External Link
http://rhymemeasmile.blogspot.com/2013/01/thursday-thoughts-bank-executives.html

Comments in order of when they were received | (reverse order)

 COMMENT 365293 agree helpful negative off topic

2013-01-19 01:55 PM

Their salary's can be quiet discusting,allmost as bad as these government takers and what they have done with their salaries/ pensions.but thats all going away sometime soon.

 

 COMMENT 365296 agree helpful negative off topic

2013-01-19 02:01 PM

Wait, so you're saying that people who work for the government and take home inflated salaries and pensions are worse than the people on Wall Street who completely wrecked our economy with their unfettered avarice?

Reality check, Edhat aisle 2.

 

 COMMENT 365387 agree helpful negative off topic

2013-01-19 07:28 PM

Wallstreet greedsters and government slackers are equally bad - both may be the root cause as to why the US may fail as an empire in the not so distant future. Wallstreet may finance production - but they charge an inordinate amount to do so - government may even the playing field by redistributing wealth earned by Wallstreet - problem is hard working producer in the middle is getting squeezed out of existance.

 

 COMMENT 365499 agree helpful negative off topic

2013-01-20 10:14 AM

In part to maintain its fantasy of "economic recovery" the government massively inflates the money supply; that money has to go somewhere, so much of it goes to the "real owners" (link to [03:15] George Carlin presentation is at bottom), i.e. the megabanks and corporations, and from there to the executives, who use much of it to buy stocks, fooling the non-elite into believing that the stock market doing OK or better, or at least not imploding, means something positive for them.

All the non-elite gets is the "trickle-down" caused by the massive money supply increases — trickle-down inflation, that is, currently running between 9 and 11 percent annually, not the one percent the feds claim, if measured honestly as it was measured in the 1980s.

The American Dream - George Carlin:
http://www.youtube.com/watch?v=acLW1vFO-2Q

 

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