tag:blogger.com,1999:blog-11719208.post6160759269712826918..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Wall Street, big bonuses, and the taxpayerTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11719208.post-75278116188589622352008-11-12T16:45:00.000-08:002008-11-12T16:45:00.000-08:00Having lived with quite a few of these folks in No...Having lived with quite a few of these folks in Northern NJ and now having been fortunate enough to move away, I will say to you that the excess I witnessed, first hand, were over and above even the wildest imagination. When the average American has witnessed the destruction of their kids 529 and investment portfolio, lost their job and have limited options to find a new one, why should they support the designers of their collapse? Talent comes in many forms, America was built on innovation and will be again, at least after the next couple of years of further destruction to our general enconomy and constitution. It is really too bad that the speach maker truly has no depth and alot of Americans really only heard the scripted speach. If I could, I might truly consider moving out of the country as requested by my 15 year old. But alas, even though I have always lived within my means, I cannot sell my home. There are no longer any buyers who do not first have to sell something of their own. The 33% of Americans who own their homes are really feeling stupid for having lived a "clean" life.<BR/>In the comming American economy, I expect to pay more than the average just because I do not qualify for any Bonus or Bailout and the pie I have earned (and worked hard for) will be shared with those who choose to spend and play and never pay. Bonuses? Let them pay for those of us who earned our way to those who didn't.<BR/>I am certain that they would just love to welcome folks from New Orleans and Camden and Patterson into their homes in Saddle River and Alpine!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-81777961045320063832008-11-11T09:12:00.000-08:002008-11-11T09:12:00.000-08:00We've learned that the banking stars have been des...We've learned that the banking stars have been destroyiong wealth for years, so we may reasonably conclude that "the most productive workers" are probably the janitors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-27712392406959967342008-11-11T08:37:00.000-08:002008-11-11T08:37:00.000-08:00There's nothing wrong with a reasonable bonus paid...There's nothing wrong with a <I>reasonable</I> bonus paid for good performance. If a regular worker can get a bonus, then I think an officer should, too. That said, an officer's bonus should be proportional to an employee's bonus.<BR/><BR/>And, really, how will anyone drive away "the most productive workers" if that job they have is the only place that gives a multi-million dollar salary? Does anyone seriously think they'll just give up their income because they can't get more millions?AJhttps://www.blogger.com/profile/14159764843937350178noreply@blogger.com