Dexia dead, why do people hate big stupid banks?
DVH
As ZH points out, Dexia was the biggest foreign recipient of US Federal
Reserve aid in the week when the shit hit the fan and Lehman's sank.
In both 2009 and 2010 Dexia's boss, Pierre Mariani, was paid 1.95 million
euros.
And here's a satisfactory rant about two people who were fired from Bank of
America, which is currently bumping along the bottom:
"You want to know why everyone in this country hates you and wants you dead,
you big stupid fucking bank?
Here's why, pay attention:
"Bank of America Corp will pay $11 million to ousted executives Joe Price
and Sallie Krawcheck..."
Elevenmilliondollars? What the hell world are you inhabiting? Eleven
million dollars for two departing executives because things didn't work out?
You pay fired executives more in severance than the average American worker
will earn in a lifetime. For most people on the outside looking in, this
seems like it's from outer space, another world entirely.
This is why they hate you. This very type of thing, while just a single
example, epitomizes the piggish mentality that has set you apart from
everyone else. This is why they're marching against you and calling for
boycotts and writing their politicians. And this is why your whole model
and way of life is on its way to being dead. Forever.
You want to roll your eyes and make snide remarks about "dumb college kids"
and "socialists"? Go ahead but you're be missing the point. Because it is
the small business owner who's really been wronged here, not the fringe
elements you mockingly dismiss. The business owner whose losses are not
socialized like yours, the business owner without the government in his
pocket, the business owner who is forced to play by the rules that you have
paid to have written. He's not a hippie, he's not a Marxist...but he's
waking up, dummy."
Although it's debatable whether they actually want to know why everyone in
the country hates them, or even whether they care.
Links for Dexia:
"Dexia SA (DEXB), the largest lender to local governments in Belgium,
borrowed more than any other bank from the U.S. Federal Reserve's discount
window during the week in October 2008 when use of the program surged to a
record."
Pierre Mariani's pay:
http://www.flanderstoday.eu/content/national-bank-review-bonus-policy
abelard
good when someone attends to reality
regards
--
web site at www.abelard.org - news comment service, logic, economics
energy, education, politics, etc over 1 million document calls in year past
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all that is necessary for [] walk quietly and carry
the triumph of evil is that [] a big stick.
good people do nothing [] trust actions not words
only when it's funny -- roger rabbit
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DVH
"abelard" <abel...@abelard.org> wrote in message
news:bql3975l2ap1l5f9r...@4ax.com...
> good when someone attends to reality