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Feb 02 2009

Hey Wall Street: Stop Blowing Smoke Up My Ass!

Published by pgrundy under Uncategorized Edit This

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I like to watch “Meet the Press” on Sunday mornings. I don’t know why. I guess after reading all the most recent bad news in the Sunday paper and looking at the ads for things I can no longer afford to buy, and downing half a pot or so of caffeine, watching a bunch of talking heads spout total nonsense with a straight face provides a certain comic relief.

Sometimes important stuff happens on “Meet the Press,” like the morning Colin Powell, a Republican, endorsed Barack Obama and Tom Brokaw let him. That was cool.

But this past Sunday it was Democratic Senator John Kerry and Republican Representative Kay Bailey Hutchison taking turns at soundbyte punditry on the BailOut Bill. Hint: He was for it, she was not.

Afterward, the usual assortment of talking heads batted around the dead mouse of corporate accountability and CEO pay in the aftermath of the announcement that Wall Street paid out $18 billion in bonuses last year after receiving TARP money. That’s right–they lost so much money that the entire banking system is now on the verge of collapse, and they paid themselves $18 BILLION in bonuses for doing that.

The talking heads were unrepentant, declaring the “populist tone” that has “crept into the rhetoric of late” showed a woeful lack of appreciation for their special skills, especially since everyone knows that “government is no good at running banks.”

Right. Like they are good at running banks?

Hello? Earth to Wall Street?

When are these guys going to stop blowin smoke up my ass? Honestly, I was waiting for Marie Antoinette to come out with a suggestion that perhaps the peasantry could eat cake if bread is not available.

These guys just don’t get it, and not only that, they think we don’t get it either. But I think most people do get it. Most ordinary working people saw this mess coming years ago. Now it’s here, and the people living in the financial stratosphere, the ones who delivered this flaming pile of financial dog poo to the front steps of the White House, are sniffing that President Obama talked mean to them.

And then gave them a bunch more money.

It’s lonely at the top.

I have this idea: If there ever is a cap placed on CEO pay (ha, ha, but you never know…) and they can’t find good people to work those jobs because of that cap, I’ll be glad to accept any of those jobs for just one billion. That’s all I want. A single billion. I used to want a million, but that was so 2007.

I’ll be waiting by the phone.

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