tag:blogger.com,1999:blog-6762928.post6883355203407343046..comments2024-01-03T05:23:36.046-08:00Comments on The Citizens: Poor, Poor JackUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6762928.post-21598380900400402672009-03-28T11:04:00.000-07:002009-03-28T11:04:00.000-07:00Mr. DeSantis should have limited his email message...Mr. DeSantis should have limited his email message to five simple words, "Thank you, taxpayers of America!"The Law Talking Guyhttps://www.blogger.com/profile/17886791396468512490noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-59927465112467542472009-03-25T17:08:00.001-07:002009-03-25T17:08:00.001-07:00It is true and Jake agreed, that folks in his prof...It is true and Jake agreed, that folks in his profession are overpaid, he did admit that. The thing is, everything he and AIG did was legal, made legal by the politicians. A commodities trader by definition, to me,works in a pool of sewage. Jake said he ran a profitable unit, but it is these traders who speculated in the commodities markets that drove the price of oil and food to all time highs because there was no where else to put the money, it falsely inflated everything...that to me, is his real crime...but it was his job...."create shareholder value" or lose your 2 million dollar a year gig. I guess if any of us where in his position and endoctrinated to the system, would we have done any different? And that is the rub...we have created a financial system that is run by pathological people...it is not unlike the movie Good Fellas...those mobsters knew of no other way of life, noting to compare it to, so where do you attach blame...where do you put your anger...for me, it goes to the core. AIG lobbyist, the politicians and finally, the electorate...people voted this stuff in...and it is, and I hate to say it, but 'stupid' has overtaken the country by design..witness all of the education cuts over the last 30 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6762928.post-17859561283369812372009-03-25T17:08:00.000-07:002009-03-25T17:08:00.000-07:00Dude, F him and his F-bonuses. This whole nonsense...Dude, F him and his F-bonuses. This whole nonsense is such obvious distraction.<BR/><BR/>I can't believe people are taking this seriously... so we get literally bombarded by this AIG nonsense, as if this is more then the tip of the iceberg, for over a week and then this letter just happens to appear. <BR/><BR/>Is it just me or is this too perfect? Now people will be debating AIG bonus, government taxation, etc - <A HREF="http://www.sott.net/articles/show/179622-Entropy-Chaos-and-Power-Part-1-" REL="nofollow">all the while the real culprits of this financial debacle get off without the slightest scrutiny</A>. <BR/><BR/>So lame.cyregrayhttps://www.blogger.com/profile/13643829646968395693noreply@blogger.comtag:blogger.com,1999:blog-6762928.post-70087200857814471772009-03-25T16:52:00.000-07:002009-03-25T16:52:00.000-07:00What a curious compensation system: $1 salary with...What a curious compensation system: $1 salary with $1,000,000 bonus (very approximate pre-tax figure) at the end of the year. I understand that Mr. DeSantis feels betrayed by his company: AIG repeatedly dangled before him the promise of a vast sum which they had no right to offer. They should just have offered him a decent, reduced salary.<BR/><BR/>Or better yet, Mr. DeSantis should have insisted on it. It is obvious from the repeated "reassurances" he mentions that everyone involved realized back in October that the payment of these bonuses would provoke outrage. Would you work for free for the mere promise of a million dollars from a company that could go under at any moment, staying afloat only by virtue of a highly politically unpopular government life preserver?<BR/><BR/>Mr. DeSantis implies he turned down job offers from other employers during the past few months. Lucky guy, getting job offers in an economy like this! He says he lost a significant portion of his life savings because he had money invested in AIG. Lucky guy, still <I>retaining</I> a significant portion of his (no doubt considerable) life savings when lots of other folks have lost what little they had. Sorry, dude. You've done really well and you can afford to give away three-quarters of a million dollars and you are still rich! And besides, you made your choices to stay.<BR/><BR/>The gulf of understanding between Mr. DeSantis and the rest of us becomes manifest when he writes blithely that, "The profitability of the businesses with which I was associated clearly supported my compensation." <BR/><BR/>You see, that's the problem, Mr. DeSantis. The "profit" of your "business" was largely the imagination of your accountants--a financial house of cards with no real value behind it. And even if you believe your particular line of financial work produced tangible value, the rest of us just think that kind of job should not be so highly compensated, period. We think teachers and firemen deserve higher salaries than bankers, and it is galling that--instead of paying the money to people who do <B>real</B> work--our government is (albeit indirectly) forking the money over to you.<BR/><BR/>Like USWest says, if you want respect, go be a teacher in the inner city for a while.Dr. Strangelovehttps://www.blogger.com/profile/14407042105777411150noreply@blogger.com