Taxpayer Gripe re Merrill Lynch


	Taxpayer Gripe re Merrill Lynch

bookchick49

1-23-2009 11:57 PM

173 views

bookchick49 says:

Pretty good article.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#999900;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b048f2b7-6e05-43b3-be65-e992e5b5af76/F0735059-D483-43EF-9BE3-F156D17FDF61/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/tech-ticker/article/162816/Wall-Street%E2%80%99s-Sick-Psychology-of-Entitlement?tickers=BAC,JPM,MS,GS,XLF,C" href="http://finance.yahoo.com/tech-ticker/article/162816/Wall-Street%E2%80%99s-Sick-Psychology-of-Entitlement?tickers=BAC,JPM,MS,GS,XLF,C" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/tech-ticker/article/162816/Wall-Street%E2%80%99s-Sick-Psychology-of-Entitlement?tickers=BAC,JPM,MS,GS,XLF,C"><H1>Wall Street’s Sick Psychology of Entitlement</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/tech-ticker/article/162816/Wall-Street%E2%80%99s-Sick-Psychology-of-Entitlement?tickers=BAC,JPM,MS,GS,XLF,C"><CITE>
				Posted Jan 22, 2009 10:12pm EST by 
				John Carney
		in	<A href="http://finance.yahoo.com/tech-ticker/Banking">Banking</A></CITE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/tech-ticker/article/162816/Wall-Street%E2%80%99s-Sick-Psychology-of-Entitlement?tickers=BAC,JPM,MS,GS,XLF,C"><P>It was only a few months ago that we were being told that Merrill
Lynch, among others, desperately needed billions of dollars to survive,
that without injections of new capital the financial system would come
crashing down around us. If any of this was true, it should have been
impossible for Merrill to pay out $15 billion in bonuses. Even the
sharpest critics of the bailout never imagined that it would be used to
make wealthy idiots even wealthier.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/tech-ticker/article/162816/Wall-Street%E2%80%99s-Sick-Psychology-of-Entitlement?tickers=BAC,JPM,MS,GS,XLF,C"><li style="margin-left:16px;padding-left: 0px;"><STRONG><B>"We made money. It was just one part of the firm that lost it all. So we deserve to be paid."</B>  </STRONG>Sorry,
buddy. That’s not the way capitalism works. Ask the guy who just lost
his job installing seat belts in GM cars. He was really good at that
but since no one is buying those cars, he’s out of a job.  Being really
good at what you do doesn’t matter if your firm is broke—and your firm
is broke. It’s now on taxpayer supported life-support.<STRONG></STRONG></LI></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F0735059-D483-43EF-9BE3-F156D17FDF61/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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