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by squishi 5356 days ago
1. When banks loose money they shouldn't get bailed out. 2. The Bonuses come from bailout money. 3. If the banks want bailout money they should work as civil-servants(and get an average salary) and not pretend that they are winners(like traders or hedge funds - who get no bailouts, when they loose they really loose). Bankers lost money, and caused a major financial crisis so they should Loose their bonuses!

We have no capitalism right now. we have Lemon socialism.

3 comments

I do understand this sentiment, to an extent. The reality is that all the banks participate in the same job market and need to compete to attract and retain talent. If a bank (regardless of bail-out status) does not compensate employees competitively, it will fail to attract and retain the necessary talent and as such fail to perform. The only way a bank could still succeed without paying bonuses is if all banks did the same thing. Don't hate the player, hate the game.
If this were a game, what sport would it be? Last I checked, gambling, and lets be honest, that's what this is, isn't a sport.
> Don't hate the player, hate the game.

Or hate anyone who repeats this meme.

> 2. The Bonuses come from bailout money.

GS has paid back their loan, with interest.

I heard that from AIG, but I don't remember hearing that about GS?