Wall Street Demands Bonuses, Or Else:Bloomberg

bloomberg.com:

Finance's version of Audrey II is thrashing about with threats that, crisis or not, they'd better get their extravagant pay and light-touch regulation. Anything less and -- real horrors -- financial innovation will decline and the world as we know it will end.

Read the whole story: bloomberg.com

Comments

[JackRusselTerrier]

No regulation = No change

No enforcement of existing regulation = Continual abuse_ on Wall Street and from the banks

No auditing of the FED = Perpetual abuse_ from the BANKING CABALS which ARE the FED

No campaign finance reform = Corrupt government

$ to the Government from lobbyist = Corruption in government = No change in corruption Wall ST.

Too big too fail = Too big too exist

Derivatives = Money for failure

Money for failure does NOT = Capitalism

Socialism for the rich does NOT = Capitalism

Capitalism for the poor and Socialism for the rich does NOT = Fairness for all Americans

[Steve Gilmore]

We need to pull all federal insurance from these companies and force a total payback of all bailout funds, and tell their investors that their actions no longer have federal assurance and if they collapse don't come running to us again.

Why do we insure what we cannot regulate? Why do we subsidise what we cannot regulate?
How many times are we going to be forced to bailout these crooks while we struggle from day to day just to exist? How many times are Americans going to lose their retirements and economic security till OUR Congress does what is necessary to stop such unnecessary failures?

[balancedsolution]

It's a threat with no real merit.

good luck trying to f- the government.

at some point the government guys will say enough's enough.

it's a power struggle.

[NO more Bonus]

Due to Obama's inability to create an effective jobs program the only beneficiaries of this recovery is Wall Street- the same it's been since the 80's. FDP knew how to make work, but Obama doesn;t or chooses not to.

good articles; http://financeopinionss.blogspot.com
because of this he may lose in 2012.

[Skeetshooter]

We can do without these innovators making opaque what was once transparent, making complex what was once simple, and making more and more money for doing less and less real work. Take a hike, innovators!

[fairplaystacy]

Wall Street Demands Bonuses, Or Else or else we'll recognize our greed and excesses and we'll work for less since pay caps are being implemented globally and there's no place else to go.

[loki]

This threat is a bad thing ? It sounds like a great thing to me. If they stop the thievery , then things will be much better for all of us.

[Bogey907]

"financial innovation" is obviously just a euphemism for thievery.

[jws2346]

The really disappointing thing is a year ago the banks and Wall Street were on the ropes. Anything (within reason) that Geithner or Summers had suggested to the banks or Wall Street would have been accepted. They might have balked, they might have cried, they might have done a lot of complaining, but in the end, they would have fell in line. They had no choice, the whole free World was broke. Not like today with a lot of the free World out pacing us in recovery, Wall Streets and the banks profit margins are way in the green. The way it is, they no longer have to listen to Geithner, Summers or this administration, they can and will do anything they want. There's even a new twist in Wall Streets and the banks arsenal, when they speculating "if they right, they get richer and if they're wrong the taxpayer gets poorer", neat huh?

[lvdragonlady]

Or else what?? they going to quit their jobs? not turn on the dow every morning?
I dare them to do any of those things. They are just blowing wind to try and scare someone.
Hey wall street, We the people, are NOT scared but we to dare you to follow through with your so-called threats...­..........­......
You might be doing America a favor by quitting or not having the dow up and running. :-)

[mummblemouth]

LOOTERS.

[lightningbolt]

Anytime Wall St. threatens the country with anything, they are lying. They are lying so that they can steal money from the Treasury. The entire concept of "too big to fail" is a lie designed to steal. If the government doesn't get its act to together soon and arrest these criminals and put their insolvent zombie institutions through bankruptcy, then the people will do it, and it won't be pretty.

[FloridaMich]

"financial innovation will decline and the world as we know it will end.."....­.gee, not a bad idea. you mean the world as they know it will end. world as most knew it ended a while ago.

[taddles]

Or else what? You'll do a crappy job and tank the economy...­been there, done that.

[DianeTreehugger]

Good heavens, who will be left to destroy our economy if we lose this precious brain trust of greedy liars?