"Mason Barge" wrote in message
news:kk85r7hejgfebv257...@4ax.com...
On Tue, 15 May 2012 13:00:00 -0400, Neal Boortz <Boo...@WSB.com> wrote:
>Now there’s another word that begs for a definition. FAIR! Everyone
>just loves the word fair! Everyone wants to BE fair! Everyone wants to
>be TREATED fairly! But try to define it … and there the problem begins.
>
>This morning I saw some OccuTard on the tube talking about fairness.
>This lady said that our “system” just wasn’t “fair” to people with little
>money. Oh wow --- now try to define “fair” in THAT context!
# Okay Neal. I don't think much of the word "fair" either, but in this
# context, it's pretty easy to see that people being allowed to use bank
# deposits as collateral for proprietary trading and gaming the system,
# earning $20 billion dollars in bonuses for work that adds nothing to
# society except increasing the likelihood of a financially-driven
# recession, while people who do add a lot to society at salaries of $20,000
# to $80,000 are watching their pensions tank because of these same traders,
# and then the trading institutions get bailed out by the tax dollars of
# aforesaid actual valuable societal contributor, is not "fair". It is
# grossly and clearly unconscionable and a massive anchor on the US economy.
If the speculators make money, the little guy benefits in his pension, IRA,
and investments. There were no complaints when the market was booming.
The reward for incompetence should be failure. Oil companies and telecoms
were broken up before they got too big to fail, and the same should happen
for banks.
A perfect example of "unfair" is to make taxpayers absorb losses in their
401K, IRA, and pensions by voiding the rights of bond holders to bail out
GM.