Tag: House Financial Services Committee

Finally a Representative body, that knows WHO they work for …

Class war breaks out in the U.K.

The Labor government announces a tax on exorbitantly-paid bankers. American populists gnash their teeth in envy

By Andrew Leonard, Dec 9, 2009

Unsurprising headline of the year: “U.S. Probably Will Avoid Matching U.K. 50 percent Bonus Tax.”

Alistair Darling, the U.K. Chancellor of the Exchequer, announced the tax — aimed squarely at overpaid bankers

[…]

From Bloomberg:

“There are some banks who still believe their priority is to pay substantial bonuses,” Darling said in Parliament. “I am giving them a choice. They can use their profits to build up their capital base. If they insist on paying substantial rewards, I am determined to claw money back for the taxpayer.”

Paul Krugman says the move is “entirely reasonable.” Justin Fox asks, “why the heck not?” Felix Salmon says “well done.”

But don’t expect a repeat across the pond.

http://www.salon.com/technolog…

Interesting … maybe the People CAN Fight back?

If you DON’T Study, DON’T play by the Rules, and DON’T CARE who is hurt by your careless actions — would you expect an “all expenses paid” Scholarship?  … or record Bonuses?  … or more free Mad Money than you know what to do with?

Hardly!

Yet that is exactly what the reckless Wall Street Bankers got — HUGE Rewards — FOR BEHAVING BADLY!

In some circles, this is call Co-dependency and “Enabling” …

In America we call it “Too Big to Fail”.

Well Alan Grayson and Ron Paul, are about expose this Trillion Dollar “reward for failure” system, for what it is …

Rep. Alan Grayson on the Fed Bailing Out Big Banks:

“You Don’t Give Scholarships to Kids Who Fail”



http://www.youtube.com/watch?v…