Quote:
Originally Posted by burn_this_city
Its not big oils fault greedy bankers gave out a trillion dollars of unpayable mortgages. The US should rightly allow these companies to fail, but its the seniors and retiring boomers who would be broke, not some suit with a 15 million dollar golden parachute.
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http://blogs.abcnews.com/politicalpu...years-big.html
Quote:
In 2007, Wall Street's five biggest firms -- Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley -- paid a record $39 billion in bonuses to themselves.
That's $10 billion more than the $29 billion loan taxpayers are making to J.P. Morgan to save Bear Stearns.
Those 2007 bonuses were paid, even though the shareholders in those firms last year collectively lost about $74 billion in stock declines -- their worst year since 2002.
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"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
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