The indescribable arrogance of Wall Street

[Vasquez]

Okay rant ON.

Look you ing that work soooooooo hard on "minimal" salary... where massive BONUSES pay your bills and your taxes.. here is the deal.

You don't know what hard work is you gutless, latte sipping , chardonnay drinking focaccia eating "oh pheasant or quail for lunch to day Charles? I confess I am torn between the two, damnable decisions".
Corporate takeovers and stock market fluctuations be DAMNED! GROW STONES NOW!!

Don't give me any brash New York know all I don't give a rats. Old school is OVER. You get payed by the U.S taxpayer you can kiss our ASS. 200 years ago there is a good chance that a bunch of you would be HANGING right about now ( even 2 days ago in some countries today) so quit ing, suck it up or so help me Christ Struggle Street will shove a sandwich down your throats.

Oh... and have a nice tomorrow

EDIT: Here is a thought, sell the yacht, pull the kids out of Harvard .. put the Lake house up for sale AND SUCK IT UP.

[King Edward III]

M'kay.

[Vince Noir]

I would say some of these "chardonnay drinking focaccia eating" men and women are some of the most ruthless hard working people I have ever met. Although it is not my aspiration in life to be sipping Dom Perignon on a yacht with P Diddy off the coast in Miami listening to applaing music and pretending to have fun, I still applaud some of the many man and women that have worked so hard to get there.

However, I'm pretty content with my carboard box and baloni sandwich. My pet rock keeps me company.

[Thanatos]

Was OP hurt by a corporate outsourcing or merger lately?

[Vasquez]

Honestly the diatribe I have been watching out of Wall Street in the last couple of days would be enough to reenact the storming of the Bastille. They have no idea ....

[Muagan_ra]

Someone who earns 200k per year should not be getting 'bonuses'! I'm absolutely and totally with you.

[OccamR]

Just so you know most of the bonuses were going to middle managers who live in NY, where everything is ten times as expensive. Not only that but many of them have worked very hard to get where they are, and I can understand them wanted a fair compensation. Bonuses are their lifeblood, and without it, 16 hour workdays seem to lose their shine.

[Mikelus Trento]

Just so you know most of the bonuses were going to middle managers who live in NY, where everything is ten times as expensive. Not only that but many of them have worked very hard to get where they are, and I can understand them wanted a fair compensation. Bonuses are their lifeblood, and without it, 16 hour workdays seem to lose their shine.

With electronic comms being what they are, I fail to understand why a company would continue to accrue unnecessary living expenses for its employees by remaining in a highly expensive place, and then have to bonus out excessive amounts so their employees can live there.

Seems silly.

[Delvecchio1975]

Originally Posted by OccamR
Just so you know most of the bonuses were going to middle managers who live in NY, where everything is ten times as expensive. Not only that but many of them have worked very hard to get where they are, and I can understand them wanted a fair compensation. Bonuses are their lifeblood, and without it, 16 hour workdays seem to lose their shine.

With electronic comms being what they are, I fail to understand why a company would continue to accrue unnecessary living expenses for its employees by remaining in a highly expensive place, and then have to bonus out excessive amounts so their employees can live there.

Seems silly.

Occam got it the wrong way round. All those middle managers are hip young over-ambitious tom-cruises-in-the-firm or keanu-reeves's-in-the-devil's-advocate who WANT to live in the hippest place only. If these companies would move out to the suburbs they wouldn't find the right personell to work for them.

[morteduzionism]

Just so you know most of the bonuses were going to middle managers who live in NY, where everything is ten times as expensive. Not only that but many of them have worked very hard to get where they are, and I can understand them wanted a fair compensation. Bonuses are their lifeblood, and without it, 16 hour workdays seem to lose their shine.

I think the problem is there seems to be a difference in the definition of "hard work" between some people.

[Quadratus]

Instead of Wall street, why not Nancy Pelosi and harry reid rant thread?

[OccamR]

If you can find it in the Mudpit, feel free to speak your mind.

[removeduser_487563287433]

Nothing worse than jealousy.

[BNS]

Nothing worse than jealousy.

In this case his anger may be justified, we are propping up the rich by looting from the rest of us. That's if he is talking about the recent bailouts. Which by the incoherent structure of his posts I can't really tell.

[OccamR]

In this case his anger may be justified, we are propping up the rich by looting the poor. That's if he is talking about the recent bailouts. Which by the incoherent structure of his posts I can't really tell.

looting from the poor? I think you mean looting from the future.

[BNS]

looting from the poor? I think you mean looting from the future.

*Fixed. Don't think I'm into that class warfare bs.

[Vasquez]

In this case his anger may be justified, we are propping up the rich by looting from the rest of us. That's if he is talking about the recent bailouts. Which by the incoherent structure of his posts I can't really tell.

That's fine. I am a somewhat incoherent and not articulating myself at all well.

Thanks all everybody has an argument here.

[Romano-Dacis]

Nothing worse than jealousy.

Actually, there's nothing worse than admitting the truth that the US has become a trickle-up economy recently. Think about it: why not send the bailout money to average families, they buy , boom economy gets a kick and then we're set. Instead, the US government gave billions of dollars to banks and investment firms which either blew it all away or "lost track of it."

I think wall street is a sham and the global economy deserves an even bigger beating than it's getting now. How should you feel when someone, even an engineer or educated employee, makes $125,000 in a year of hard work and toil and some jackass on Wall Street makes the same amount in hours trading imaginary money which was never really his. Tell me: do you not feel any sense of indignation? Do you not see the absurdity of a system where work produces less compensation than shouting loudly in a room? :hmmm:

[Panzerbear]

Actually, there's nothing worse than admitting the truth that the US has become a trickle-up economy recently. Think about it: why not send the bailout money to average families, they buy , boom economy gets a kick and then we're set.

the easiest counter-argument is
a) the velocity of money.
b) where will all this money come from? other (richer) tax payers? thats called "theft".

Instead, the US government gave billions of dollars to banks and investment firms which either blew it all away or "lost track of it."

Spoiler Alert, click show to read: 

How should you feel when someone, even an engineer or educated employee, makes $125,000 in a year of hard work and toil and some jackass on Wall Street makes the same amount in hours trading imaginary money which was never really his.

because this jackass on the Wall Street works 70 hour weeks and he manages tens of millions of your ing retirement fund to get you a somewhat decent rate of return. you have no slightest clue on how extremely stressful is a job of an average investment banker or broker.

or if you are just plain jealous, then why dont you just join their ranks? oh wait, exactly what I thought. you cant and you wont.

Tell me: do you not feel any sense of indignation? Do you not see the absurdity of a system where work produces less compensation than shouting loudly in a room? :hmmm:

trading floor uses capitalist free market to decide where to flow the money with utmost effeciency. the only true alternative to this is a socialist planned economy and 50% taxes. go cry us a river. you commies are all the same...

[OccamR]

Actually, there's nothing worse than admitting the truth that the US has become a trickle-up economy recently. Think about it: why not send the bailout money to average families, they buy , boom economy gets a kick and then we're set. Instead, the US government gave billions of dollars to banks and investment firms which either blew it all away or "lost track of it."

If we gave all that money to ordinary families, what do you think would happen? We would hoard it, and it wouldn't see the light of day unless necessary. Whereas if we give it to companies, we directly stimulate the economy by allowing lower prices and increased competition. And while I agree transparency is a big issue, hey, we asked for deregulation of the economy and we got it. Now we have to deal with the consequences (by implementing collectivist policies ironically enough).