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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (71559)	12/10/2009 2:23:41 AM
From: Haim R. Branisteanu	Respond to of 74559

Bankers Lose to Congressmen Among Americans Furious Over Pay By Alison Fitzgerald Dec. 10 (Bloomberg) -- Wall Street firms are recovering. Their standing with the American public isn’t. Executives at financial firms, coming off two years of failures, bailouts and writedowns, are less popular than Congress, lawyers and insurance companies. As they prepare to give out year-end bonuses, they risk another wave of public fury, according to a Bloomberg National Poll. Two-thirds of Americans say they have an unfavorable view of financial executives. More than half say big financial companies are only out to enrich themselves and also say they shouldn’t have received government aid. And most Americans don’t want to see bankers collecting fat checks at the end of the year if their companies were bailed out by taxpayers. “The fact that they’re even in existence should be bonus enough,” says Cassie Swihart, a 58-year-old retired registered nurse from Warsaw, Indiana, who responded to the poll of 1,000 U.S. adults, conducted Dec. 3-7 by Selzer & Co., a Des Moines, Iowa-based firm. The margin of error is plus or minus 3.1 percentage points. bloomberg.com

To: Maurice Winn who wrote (71559)	12/10/2009 7:39:52 AM
From: average joe	Read Replies (1) \| Respond to of 74559

"A super-tax on anyone working for the government would make more sense so that the government becomes self-funding and other people don't have to pay tax." Let them work for a couple of bags of groceries a day. At the same time farm out the police and military to Wal-Mart who will be super efficient at it. Road building should be allocated to municipalities and not federal government agencies. If the government worker is not content with his two bags of groceries a day he can pick up a shovel and pick-axe and learn to build roads or hit himself over the head with his pick-axe.