You heard but did not pay attention.
It is you who failed to listen. Everything I said was expressed.
He said, "WS bank execs gave themselves bonuses of $20B. Doing so is the height of irresponsibility". Fact is, it's nobody's business but those execs and their boards as to their level of bonus.
He said, "awarding themselves bonuses is like digging a bigger hole that we have to fill". Who is "we"? This is the mistake that I identified earlier about blaming the wrong people for an apparent problem.
He said, "there will be a time for those execs to get bonuses, but now is not the time". The president decides WS compensation? The American people as a group decide WS compensation? Sorry to tell you but this constitutes socialism, that is, anti-liberty.
If the stock market falls, yet an exec at a WS firm has done a good job, then why shouldn't the exec get a bonus?
Maybe terminating MER was a good job, yes.
When the people decide they want to hurt someone for their own misbehavior they always only hurt themselves.
Capitalist corporations serve demand. They don't serve what's stylish, proper, and politically correct after the fact.
It's a standard capitalist practice to renegotiate compensation after a change of ownership.
Nothing to do with capitalism and not generally true.
Those financial institutions who ran to mother state and cried for protection have to accept her rules.
But the president is talking about imposing "her rules" on all banks, or did you miss those comments?
He who pays the piper calls the tune.
Who is in charge? Government or "we", the people? If what you say is true, and the people pay, government won't be in charge for long. So Obama won't be filling any holes but he will be making many huge new ones that the people will have to fill by the sweat off their backs. |
