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Greed of the b*st*rds


Donut
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The question remains. Obama is blasting Wallstreet honchos for taking big bonuses and pay. If they heed his call and Wallstreet honchos, GM, Chrysler honchos and all US conglomerate honchos take pay cut and forgo the obscene bonuses, will our gahment stop giving themselves obscene amounts of pay?

 

Peg public sector pay to private sector pay. Will they follow through? This remains to be seen.

 

That is why old fart hates Obama cos he rocked the boat.

 

Old fart will hate him even more when Obama starts clamming down on tax havens like Singapore.

 

It's high time anyway.

 

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Supercharged

its wrong to take govt aid and give big bonus to yourself with it. No sensible person will do it unless he's a bloody b*stard.

 

Its like you ask me to lend u money so that u can feed yr family members coz you are poor and struggle to find work. But after i lend u the money, u take it and gamble, or buy some big LCD TV or go KTV or do other things, EXCEPT buying food/pay school fees for your family members.

 

Will you still lend money to a friend who is like this?

 

 

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Supercharged

you know, i hate a typical often asked question during job interview:

 

"how long do you think you will stay in this company?"

 

That stupid interviewer knows that there is no such thing as loyalty and he himself is not even sure he will stay longer than you in the company.

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you know, i hate a typical often asked question during job interview:

 

"how long do you think you will stay in this company?"

 

That stupid interviewer knows that there is no such thing as loyalty and he himself is not even sure he will stay longer than you in the company.

 

"As long as I can contribute significantly to the company".... Now it's for him to interpret how I interpret significant lor ... [grin]

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.... I thought that was all they did? what else did the Fed do???

 

Anyway, the bankers do deserved to be punished. I really hope that the US government can prosecute or at least get back some of the bonuses given out.

 

Common, u think they did not know what is going to happen when they started lending money anyhow and repackage those stuff and sold it all over the world? They knew but all they cared was to make as much money in those few years so that they can run away with the money.

 

Actually, some of the current CEOs are not to be blamed. They took over after all the s--t has accumulated. If there is a way to get back the bonuses paid out 2-4 years ago.... that would be great. :)

 

the banks are regulated, for sure. if someone had said the fed din do a good job, then maybe that's the case. to say the banks are not regulated is just not true. the investment banks, though, are not regulated by the fed. so if the reference is directed at them, then it's right. in any case, there are no independent investment banks no more.

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[quote name='Wind30' date='Jan 31 2009, 09:25 PM' post='2668153

 

Anyway, the bankers do deserved to be punished. I really hope that the US government can prosecute or at least get back some of the bonuses given out.

 

I heard that they will be calling John Thain , ex CEO of Merrill Lynch , to question about the bonuses paid out a month before Merrill was handed over to Bank of America. This same fella paid US$1400 for a wastepaper basket.....

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[quote name='Wind30' date='Jan 31 2009, 09:25 PM' post='2668153

 

Anyway, the bankers do deserved to be punished. I really hope that the US government can prosecute or at least get back some of the bonuses given out.

 

I heard that they will be calling John Thain , ex CEO of Merrill Lynch , to question about the bonuses paid out a month before Merrill was handed over to Bank of America. This same fella paid US$1400 for a wastepaper basket.....

 

Damn!.. that guy must have taken a lesson from our Durai titled: How to buy a golden tap and get away with it ....

Edited by Scoots
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LOL..... that's not all. To top it all, this guy John Thain also paid himself and his cronies such huge bonuses and then declared US$15 Bil loss in the Q4 before handing it over to BofA. Even his driver got something like US$300 000.....

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