This is beyond stupidity. This falls under the category of delusional.
The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitch forks and their hangman nooses, and all that–sort of like what we did in the Deep South [decades ago]. And I think it was just as bad and just as wrong.So you see, if you are angry over Wall Street bankers giving themselves enormous bonuses directly out of taxpayer bailout money, then you are exactly the same as racist southerners who wants to lynch blacks.
AHHHGGGHHH! Are you f*ckin kidding me?!?
And believe it or not the moron keeps talking.
Mr. Benmosche on the government’s campaign against partial “bonuses” to be paid to hundreds of employees in the AIG financial-products unit as they unwound massive, ill-fated bets on mortgage bonds.No, core compensation would have reduced salaries to reasonable levels. Especially in a bankrupt company.
“That was ignorance … of the public at large, the government and other constituencies. I’ll tell you why. [Critics referred] to bonuses as above and beyond [basic compensation]. In financial markets that’s not the case. … It is core compensation.
What you are describing is crony capitalism you jackass.
“We’re trying to find the villains [for the financial crisis]. There’s got to be a villain somewhere. The problem is that there isn’t a villain. There are villains. And they are everybody. They are the speculators in real estate. The people who flipped houses. People who lied and cheated [on mortgage applications]. Nobody did the income appraisals. … I include myself in there. I knew stuff was wrong” in the mortgage-underwriting system years before the real-estate bubble burst.So the "villains" are the little people getting foreclosed on now. Not the Wall Street execs and traders who manipulate the markets, launder money for drug cartels, and commit countless acts of fraud. No, those Wall Streeters are the "honest" folks.
And if you think that this guy is somehow unique in his arrogant delusions, check out these quotes.
I’m doing God’s work.
- Goldman Sachs CEO Lloyd Blankfein in a November 2009 interview
It’s war. It’s like when Hitler invaded Poland in 1939.
- Steve Schwarzman, Chairman and co-founder of Blackstone, on potential tax changes in 2010
This attitude isn't limited to just Wall Streeters. You can find their delusional defenders in the Republican House.
Kentucky conservative Matt Bevin said anger toward Wall Street since the financial crisis five years ago is "class warfare."It's interesting to find a Tea Party-type Republican politician saying that hatred at Wall Street is "class warfare" when in fact the Tea Party movement started as backlash against the Wall Street bailouts.
I guess the Tea Party has now come full circle and completely lost any resemblance or even remembrance to its populist roots.
A woman, victimized by harassment and death threats eve since she who blew the whistle on Wall Street Bank crimes, tells why she joined the Occupy Wall Street protests.