So The Obama administration is floating the idea of a financial tax just as institutions such as Goldman Sachs Group Inc. are set to pay out record bonuses. And these shameless blanks do mean record bonuses.
Not for them to give a damn about 15% unemployment with huge mortgages coming due in the near future.
The back of the hand to you , sir is their arrogant and incomprehensible (to most) attitudes.
One Canadian watcher did get it right.
“Given the depth of the recession, to announce or approve these bonuses in the current climate is an act of strategic and political stupidity,” said Ian Lee, the director of MBA program at Carleton University’s Sprott School of Business and a former banker. “They put a target on their heads and said ‘Shoot me.’”d tell us what it really is.”
The British government capitalizing on the people’s disgust laid a 50 per cent tax on bank employee bonuses of more than 25,000 pounds. We’ll leave , say these creeps.
In the latest Mother Jones, Joseph Stiglitz, the former head of the IMF called into question the morality of these people who allowed the Market to overwhelm everything in their world. And believe it, these fundamentalists included a whack of Catholics who prayed to Jesus but gave their heart to Moloch.They graduated in droves from Notre Dame and St Michael’s College in Canada. Stiglitz states:
We have created a society in which materialism overwhelms moral commitment, in which the rapid growth that we have achieved is not sustainable environmentally or socially, in which we do not act together to address our common needs. Market fundamentalism has eroded any sense of community and has led to rampant exploitation of unwary and unprotected individuals. There has been an erosion of trust-and not just in our financial institutions. It is not too late to close these fissures.
But as usual Chris Hedges says it better:
Corporations, which control the levers of power in government and finance, promote and empower the psychologically maimed. Those who lack the capacity for empathy and who embrace the goals of the corporation-personal power and wealth-as the highest good succeed. Those who possess moral autonomy and individuality do not. And these corporate heads, isolated from the mass of Americans by insular corporate structures and vast personal fortunes, are no more attuned to the misery, rage and pain they cause than were the courtiers and perfumed fops who populated Versailles on the eve of the French Revolution. They play their games of high finance as if the rest of us do not exist. And it is a game that will kill us.
Americans we love em but they must grow out of their distrust of the state and veneration of business. Even with the catastrophe created by corporate whores ordinary people even fear government more than business . Massive brainwashing under “free market” capitalism.