Saturday, February 21, 2009

Greed, Deregulation and Change

I have a link here that shows a segment on "The Morning Joe" . On this clip Zbigniew Brzezinski ( a past National security advisor to Jimmy Carter) shares some numbers that show the greed of the wall street crowd . It is stunning.

http://www.youtube.com/watch?v=bu8Nd7xuix4&feature=related

As the tape shows, 400 managers of a Wall Street firm received a bonus of over 200 million each for a single year of work. This is what ...the American way? This is just how great this country is ? Or , is this an example of a system that is so deregulated that these managers risk so much to create this money that it all falls under its own weight.If you work hard you make more money. Risk equals reward. Well as it turns out the risk was taken by us all and the work was poorly done.

I want the Money Back.

How many retirements have been ruined?

How many older citizens will now work ?

I want some of these people in Jail...Maddoff, Stanford the list will go on.

All of this goes back to the right ( they always think they are Right too) wing notion that anything in government should be turned over to the private sector. That regulation just holds back the success of the private sector. Hey Dubya wanted to put part of my Social security into the stock market ( wonder how that would look now). The big success story was the airlines. Well now those firms are bastions of capitalistic success now aren't they.

Yesterday I was derided as a Liberal by a guy that is firm in his beliefs. which translates into a guy that has't reviewed or reconsidered a new thought since he barely passed high school. I am a liberal and so what...

No comments: