The government officials are enjoying their rare and brief moments in the sun, in the limelight. I think the majority politicians are poor, Michael Bloomberg, (self-made) and John McCain/John Kerry (married into money) are the minorities. So here they are, the poor barking dogs finally got a chance, they went all out to get the fat wallet bankers. They briefly forgot they were elected on the contribution of the fat cats. Never mind, politicians are no better than whores.
Bankers on Wall Street and in Europe have struck back against moves by US lawmakers to slap punitive taxes on bonuses paid to high earners at bailed-out institutions.
Senior executives on both sides of the Atlantic on Friday warned of an exodus of talent from some of the biggest names in US finance, saying the “anti-American” measures smacked of “a McCarthy witch-hunt” that would send the country “back to the stone age”.
“You are disgraced professional losers. And by the way, give us our money back.”
Rep Earl Pomeroy, Democrat of North Dakota, on the A.I.G. executives who were paid bonuses after a federal bailout.
Vikram S. Pandit said Citi didn’t need government’s money last week or so. Chase’s Dimon didn’t want the free money to begin (but was forced to take) with because they didn’t want the leash, the string from the government, cause those idiots knew nothing about business and if they begin to meddling with the banks, it would put the American banks at severe disadvantage. US is really stands for free market, free speech .. that’s when so many talent came. Bill Gates had lobbied the government not to restrict the student/professional visas coming to USA after 9/11 attack. US became strong on the back of freedom that no other country could match.
Think the 20/80 rule that a company/country’s 80% profit is generated by the top 20% staff/populace, kill the goose who lay golden eggs you in fact just impose the demise on to yourself. Most government officials are dumb to begin with – other wise they won’t run for office if they could make it in the real world.