Help stop Wall Street's Greed

[compostwormbin]

Did you hear that Wall Street gave out $18.4 billion in bonuses in 2008? $18.4 billion to the people who crippled our economy with their recklessness and greed and then took $700 billion of our money. Outrageous, right

Comments

[jajy1979]

What they're not telling you is that the bonuses are already down 40% or so from last year. I certainly agree that the companies taking our money should be held accountable, but those companies which are doing fine should not be held to the same standard (and yes I know they're not under this bill). But, Moveon has a bad habit of making the facts appear in ways which aren't false, but certainly a level of misleading.

What you do need to ask is how much have the companies who got bailouts been giving their employees, and specifically those employees in the sectors of the industry responsible (mortgage, banking, insurance) as opposed to those who were in profitable sectors which had nothing to do with the collapse.

Though frankly I've argued for years that we need a floating cap for salaries anyway, particularly at the executive level, with a no golden parachute clause and an accountablity standard.

Support the bill, but quote the real numbers (when someone figures them out).

[chorale]

Those are shocking numbers!

[compostwormbin]

Absolutely sickening.

The sense of entitlement around the wealthy is just beyond the pale.