Let's guess: Who is getting the bonuses and who is getting the shaft?
You got it right, after we used America's money to bailout Wall Street, Banks, AIG, etc. there will be massive State and Federal Cut Backs for the poor and middle class. Plus, banking fees, interest rates, etc. are coming your way. No favor goes unpunished!
On the upside for the fatty cats:
Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebounding despite regulatory scrutiny of Wall Street's pay culture.
Workers at 23 top investment banks, hedge funds, asset managers and stock and commodities exchanges can expect to earn even more than they did the peak year of 2007, according to an analysis of securities filings for the first half of 2009 and revenue estimates through year-end by The Wall Street Journal.
I guess Tim Geithner must be beside himself - all his buddies are getting too rich before he can jump back into their cesspool.
I like Lita Epstein's take - "Wall Street bonuses jump while Main Street pays and stockholders lose."
It's bad enough that we had to pay for their mistakes and they got richer. But come on!!!! Why are we rewarded with higher fees and higher interest rates after we bailed their butts out?
Banks continue to jack up all kinds of fees, especially fees on ATM transactions and overdrafts. Many banks have raised interest rates on the credit cards of even their best customers by 6 percent or more. Even though I have an excellent credit score and I've never paid late in my life, I know all my credit cards had interest rate increases of 6 percent or more. Some of us are able to avoid paying those ever-increasing interest rates by paying balances in full, but what happens to those who can't?
I'm not asking for Tim and Obama to throw Capitalism under the bus or make profound changes. Oh God, not that! Yet, can someone take the winner's boot out of our collective asses now that we forked over a cool 700,000,000,000 dollars?
Why the heck do we have to beg for a public option? Not like we are asking for a bailout having spent too long at the casino table. "Please sir, may I have another?"
Hey, this is how we pay for some Health Care Reform - We take Wall Street's Bonuses and pay for 29 million Americans to have full health insurance.
Yes, that would be crazy, force Americans to pay for other American's needs. Unless of course it is rich people getting poor people's money.
I think Wanda Sykes said it best: "Rich people got it good in this Country. We refuse to let rich people not be rich. Think about it, broke people are going to bail out rich people." Wanda doesn't want oversight, shit she wants "receipts." But alas, there will be none.