Have you heard about the news of Thain using millions of dollars to furnish his own house? The money comes from BoA or ML??? It did not come from his pocket as far as I learnt from the news!
Yes, the whole point of the story is that win or lose, the money never comes from the pockets of these holy saints!
Financials and banks get all their money from us and from the central banks or to put it crudely, from their Wall Street friends and supporters! After getting those money, they go and speculate and engage in risky businesses that they themselves don't understand a fig! If they are lucky, they win and they will get huge compensations, bonuses, share options, etc. If they are unlucky, they lose and we will be paying the price. Why? It is our money that they will lose, not money from their own pockets. They are still going to get huge compensations, win or lose. The whole world may be going down with the evil deeds done in Wall Street but no one there is paying the price. Who are paying the price: it's the poor, the unemployed, the ignorant, the grassroots, the people in the street....
So next time when you see a devil from Wall Street, remember you must NOT worship it anymore.
Monday, January 26, 2009
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