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Wall Street: Give us our bonuses, you socialists!

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Sat Jan 31, 2009 at 09:00:04 AM PST

On Wall Street these days, being denied bonuses when you've lost money for your clients and shareholders (now taxpayers, of course) is ... socialism:

"I think President Obama painted everyone with a broad stroke," said Brian McCaffrey, 55, a Wall Street lawyer who was on his way to see a client. "The way we pay our taxes is bonuses. The only way that we’ll get any of our bailout money back is from taxes on bonuses. I think bonuses should be looked at on a case by case basis, or you turn into a socialist."

That, indeed, was a recurring equation: Broad strokes + bonuses = socialist.

"It’s a very slippery slope to go down," said another insurance broker as he waited to be seated for lunch at Cipriani Downtown. "A blanket statement like that borders on" — you guessed it — "socialism."

Unbelievable. Remember, these are the same people who are screaming for a government handout to rescue them from their own shitty judgment and greed.

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Tags: Wall Street, economic crisis, bailout (all tags) :: Previous Tag Versions

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