The Rich Get Richer, Again.

Wall Street Plays Tricks with Bonuses

http://www.minionmonitor.com/chatter/

And the rich get richer, again. 

While Minions worry about money for Retirement (53%) and the next meal (42%), Wall Street/Greed Street is boosting compensation to near record levels.  Goldman Sachs will dole out an average of $700k per employee — twice the payout from last year.  And CitiBank, a TARP recipient, is boosting employees base pay by up to 50%.  But how can that be?  Didn’t the Obama administration impose pay limits on companies that received TARP assistance?  Yes and no.

The administration issued regulations in June that limited bonuses to no more than a third of annual salaries.  But it didn’t impose regulations on base salaries.  So bonuses are going down and base compensation is going up. 

So you run into Citi’s CEO at a BBQ.  Go ahead and dream for a minute.  Got any feedback you’d want him to hear? 

8,190 views 27 replies
Reply #1 Top

I have a suggestion - make yourself rich.  It's still possible, but for how long is open to question.

Reply #3 Top

The rich get richer, hmmm, isn't that the whole point or am I missing something here?

While Minions worry about money for Retirement (53%) and the next meal (42%)
End of quote

Not sure wher you get your numbers but from what I can see fast food and restaurants are not closing left and right so people do not seem to be having trouble finding "the next meal".

Well I say this, if a person can't be rich then we should take as much as possible, maybe up to 75% of what rich people make and just give it to poor people, no questions asked, no need to hold a job, no need to do anything anymore from there on. Plain and simple solution.

Reply #4 Top

Ok, I'll bite. How?
End of quote
All anyone needs to do to get rich is to send me their name and address and I'll send them my *free* DVD describing how in three easy steps.

This amazing DVD is completely free! Just include $19.95 for shipping and handling.

Operators are standing by.

Reply #5 Top

:thumbsup:   There ya go - nothin' to it.

Reply #6 Top

Minion, can't you people find another song to play? 

"The next meal"?

You're living in a country where obesity is considered a terrible epidemic among the very poor.  They can afford fast food, frozen dinners, candy bars, Pop Tarts, pork rinds and Cheetos, but can't afford gym memberships. Oh, the shame! We must help them!

Not so very long ago, Mother Michelle was raking in over $300,000 a year; to celebrate moving into the White House, Barry the Kenyan bought her a ring worth $30,000. 

Go hit her up.

Reply #7 Top

Minion, can't you people find another song to play?
End of quote
*you people* ???

Reply #8 Top

Quoting Mumblefratz, reply 7
Minion, can't you people find another song to play? *you people* ???
End of Mumblefratz's quote

Aaah, y'know....a generality. Somebody had to write it.  :cylon:

Reply #9 Top

Quoting Rightwinger, reply 8
Aaah, y'know....a generality. Somebody had to write it.
End of Rightwinger's quote
No, I don't know. And no, someone did not have to write it. But at least you provided a glimpse of your true motivation.

Reply #10 Top

Minion, can't you people find another song to play? "The next meal"? You're living in a country where obesity is considered a terrible epidemic among the very poor. They can afford fast food, frozen dinners, candy bars, Pop Tarts, pork rinds and Cheetos, but can't afford gym memberships. Oh, the shame! We must help them! Not so very long ago, Mother Michelle was raking in over $300,000 a year; to celebrate moving into the White House, Barry the Kenyan bought her a ring worth $30,000. Go hit her up.
End of quote

 

Hmm, this reminds me of something.... You ever meet those people who claim with one hand that people should earn their money, yet with the other hand, when they see someone who has earned their money....they get condescending and what not. Total BS.

 

Minion, can't you people find another song to play?
End of quote

 

Care to explain? I think I catch your drift, but i'm still curious.

 

 

~Mumble~

 

Cool down will ya?

Reply #11 Top

[quote who="Mumblefratz" comment="9"]No, I don't know. And no, someone did not have to write it. But at least you provided a glimpse of your true motivation.[/quote

Goshgollygee, mumble!! You sure are one literal-minded SOB, ain'tcha? Mr. Spock to the Bridge!

That could be construed as arguing semantics.

My "true motivation"? Oooh, wait....please tell me you're not one of those types who looks for racism, and finds it, everywhere they look, regardless if it's there or not. Which it isn't, most of the time.

And if that's the case, this is one of those times. See, I'm hoping you're not like that, because I've been reading some of your stuff here and there, and you seem pretty intelligent. However, appearances CAN be decieving. Can't they? Say it ain't so, Joe!

[quote who="AldericJourdain" comment="10"]Hmm, this reminds me of something.... You ever meet those people who claim with one hand that people should earn their money, yet with the other hand, when they see someone who has earned their money....they get condescending and what not. Total BS.[quote]

I dislike it when exceedingly wealthy people complain about the "greed" and "disconnect" of other exceedingly wealthy people. It smells of hipocrisy; kind of like when the Global Warming czar dismounts from his private jet and enters a limo motorcade to take him to make a speech, so he can tell we the little people that we have to drive less, consume less and "go green".

Know what else is total BS? Taking money from people who did earn it, and giving it to people who didn't. When I do it, of my own free will, it's called charity; when the government does it, it's called Socialism, which what Barry the Kenyan wants.

 "Minion, can't you people find another song to play?"  

Care to explain? I think I catch your drift, but i'm still curious.  ~Mumble~ Cool down will ya?

End of quote

I don't think it needs much explaination, really. But, I get tired of hearing how the poor have it so bad. Daiwa's right...this is still America; go find a way to make yourself a good living somewhere. My taxes go to provide free education for 12 years, and even grants, loans and scholarships for higher ed.

My wife's uncle and I got into it a while back here; he's a staunch unionist, and a liberal Democrat. He says no one deserves to be rich; he complained that his kids weren't able to get into college, because, as a simple working man, he couldn't afford to send them. The youngest one can barely read or spell, yet somehow graduated HS in 2005. For that, though, I blame the teachers.

So; well, maybe if they'd applied themselves a little more, they could have gotten scholarships? They looked into some "grants and stuff", he said, but they "came with catches". In other words, they weren't free.

Mysteriously, lots of people do it, however. All it takes is the ambition. Other people, however, sit and whine about the inequities of life, and want the government to punish those who are keepin' 'em down, when really, most of the time, it's themselves, who are keepin' 'em down.

The best part of our little debate was when he said people like Donald Trump "shouldn't be allowed to have all that money". I asked what he should do with it all. His reply was "share the wealth".

I said, "'share the wealth'....do you have any idea how many paychecks Donald Trump signs? How many people he employs? From the executives in the corner offices to the janitors who clean the shitters...." a lot of money is paid out for Trump, Inc. Know what he said?

"I don't care."

And that was the end of the argument; there just shouldn't be any rich people. How's that for an explanation, Alderic? Class envy is a bitter pill, yet the bottle is endlessly refilled by people like the creator of this thread.

Juat as a side observation, You didn't seem so offended by CharlesC's comment, #3; it was about the same in tone. Yet you jump on me. Why is that?

Reply #12 Top

Juat as a side observation, You didn't seem so offended by CharlesC's comment, #3; it was about the same in tone. Yet you jump on me. Why is that?
End of quote

 

Two things: 1. I'm not jumping on you, or down your throat. So if that's how it came across, my bad. 2. I guess I just sort of spaced on it. Again, my bad.

 

~A

Reply #13 Top

Goshgollygee, mumble!! You sure are one literal-minded SOB, ain'tcha? Mr. Spock to the Bridge!

That could be construed as arguing semantics.

My "true motivation"? Oooh, wait....please tell me you're not one of those types who looks for racism, and finds it, everywhere they look, regardless if it's there or not. Which it isn't, most of the time.

And if that's the case, this is one of those times. See, I'm hoping you're not like that, because I've been reading some of your stuff here and there, and you seem pretty intelligent. However, appearances CAN be decieving. Can't they? Say it ain't so, Joe!
End of quote
Methinks the lady doth protest too much.

Reply #14 Top

And if that's the case, this is one of those times. See, I'm hoping you're not like that, because I've been reading some of your stuff here and there, and you seem pretty intelligent
End of quote

 

Wow, that totally came across as a comment worth the big asshole award. Geez.

 

 

Reply #15 Top

Quoting Mumblefratz, reply 13

Goshgollygee, mumble!! You sure are one literal-minded SOB, ain'tcha? Mr. Spock to the Bridge!

That could be construed as arguing semantics.

My "true motivation"? Oooh, wait....please tell me you're not one of those types who looks for racism, and finds it, everywhere they look, regardless if it's there or not. Which it isn't, most of the time.

And if that's the case, this is one of those times. See, I'm hoping you're not like that, because I've been reading some of your stuff here and there, and you seem pretty intelligent. However, appearances CAN be decieving. Can't they? Say it ain't so, Joe!Methinks the lady doth protest too much.

End of Mumblefratz's quote

Are you really that pretentious, or are you just trying to avoid explaining you position?

Reply #16 Top

Quoting AldericJourdain, reply 14

And if that's the case, this is one of those times. See, I'm hoping you're not like that, because I've been reading some of your stuff here and there, and you seem pretty intelligent


 

What does intelligence have to do with any of that? Wow, that totally came across as a comment worth the big asshole award. Geez.

 

 
End of AldericJourdain's quote

I say that because I'm actuallly hoping he's intelligent enough to realize that I'm not making any racist comments, and intelligent enough NOT to be one of those kinds of people. See? Although, all he (she?) does in reply to my post is quote Shakespeare, not really explain his (her?) position. 

Geez.

Reply #17 Top

I say that because I'm actuallly hoping he's intelligent enough to realize that I'm not making any racist comments, and intelligent enough NOT to be one of those kinds of people. See? Although, all he (she?) does in reply to my post is quote Shakespeare, not really explain his (her?) position.

Geez.
End of quote

 

Granted, his comment wasn't constructive by any means.

Reply #18 Top

I say that because I'm actuallly hoping he's intelligent enough to realize that I'm not making any racist comments, and intelligent enough NOT to be one of those kinds of people. See? Although, all he (she?) does in reply to my post is quote Shakespeare, not really explain his (her?) position.
End of quote
If you meant nothing by the *you people* comment then the simplest and most logical thing to say was something to the effect that you didn't mean it that way even though that particular turn of a phase was perhaps not your best choice of words. That would have pretty much been the end of the story.

However instead you chose to respond with the implication that anyone that could possibly take what you said in a negative light must be lacking in intelligence, be overly sensitive and/or literal, and, be of questionable masculinity.

The point of the quote is that the greater the vehemence of the denial, the less likely that denial is to be true.

As far as my position on the OP let’s just say that I sympathize far more with people that are concerned about being able to save enough money for retirement than I am about bonuses and raises to highly paid executives of companies that received TARP assistance. But this is just an expression of the basic difference between how I view things versus the bias typically expressed on this site.

The funny thing is that I suspect that of those that are so protective of the rights of the “rich” to become “richer”, the predominate group are those that hope to some day be rich but in reality have no real chance at achieving it as opposed to those that are, or actually may become rich, whereas I’m more protective of what I consider to be the “middle class” even though my income makes me what many would consider rich. Ironic heh?

Reply #19 Top

"questionable masculinity."--mumble

I said this because I really don't know your gender; I haven't really been paying that close attention.

As to everything else, no....there was no racism intended. I personally see nothing wrong with people being rich, and don't question the possibility that someone could, still, become so. Look at that amoral goofball who started the "Girls Gone Wild" series; not exactly a rags to riches tale, but fairly close. All you still have to do is work at it; either apply yourself and make the effort in an established field, or happen to find some marketable service or product, and apply yourself there. Of course, here in the next few years, even that avenue could be closed.

My problem was that, from two completely innocuous words, "you people", you seemed to brand me as a racist. I know people like that; I work with such a woman. A very rude, self-serious black lady, always looking for reasons to be offended; and that irritates me. In my experience, people who do so are "of questionable intelligence".

Reply #20 Top

My problem was that, from two completely innocuous words, "you people", you seemed to brand me as a racist.
End of quote
I don't recall ever using the term racist here. It seems that you intuited as much simply from my repetition of your two innocuous words. It seems that perhaps they aren't quite as innocuous as you pretend.

You clearly are struggling to make your arguments convincing, if you keep trying perhaps you will be successful in convincing yourself.

Reply #21 Top

RW you're being baited, you don't have to play the semantics game.

Reply #22 Top

Quoting Nitro, reply 21
RW you're being baited, you don't have to play the semantics game.
End of Nitro's quote

Yeah; I guess you're right. I was playing along, trying to give mumbles credit, thinking maybe we just weren't connecting here, but.....

Thanks, Nitro, for reminding me that some people just aren't worth the effort.

Reply #23 Top

Thanks, Nitro, for reminding me that some people just aren't worth the effort.
End of quote

NP. I'm not coming down on anyone, everyone here has their own style of banter, that's cool. it's up to the individual to roll with it or not.

Reply #24 Top

RW you're being baited, you don't have to play the semantics game.
End of quote

 

*sighs* That really comes across as such a cop-out. Why not address it? Debate and discuss much anyone...?I didn't realize forums were for ideological pats on the backs.

 

Be well, ~Alderic

 

 

 

Reply #25 Top

*sighs* That really comes across as such a cop-out. Why not address it? Debate and discuss much anyone...?I didn't realize forums were for ideological pats on the backs.
End of quote

What's to debate? It's off topic and rude to hijack someone else's article for such purpose. I realize some enjoy the sideshows, but their jollies don't need to take priority.