Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, February 20, 2009

How about Eric's Revolution

Alright... best model says the bottom is monday....

but.... This is going to be interesting...

Ok.... So dumb ass bankers have run their banks into the toilet. These business have not only stupid management, but even the employees didn't have the balls to step up to management and say "This is a mistake"... and even if they did want to, they didn't... If that employee saw this coming. They moved to a new company.... THAT EMPLOYEE IS WORTH 500K a year and a bonus.

Explain what employee who sat and watched the company blow up, sat and allowed it.... That employee is worth 50K. That manager is worth 75K.

"Oh! you can hardly live in new York on that."

Well Just because your company is stupid, doesn't mean that it should be in New York... how about moving to flint Michigan.... You can live quite well on 50k there.... and yes... you won't do very good buisness in flint. but as badly as you do buisness... seems like what we need.

There is not one employee at half of these banks, worth more than 200K. I have no idea what deluded bullshit goes through these peoples heads, that they are worth more than that. One can make a case for JPM and WFC and a few others. but these Multi Million dollar salaries.... It's just a joke.... its as much a joke as the idea that "housing prices will always rise", and that somebody who can breath on a mirror deserves to live in a 500K dollar home.

why somebody who moves money around deserves that kind of money.....

and that people who Sweat and inhale grime and risk their lives building america...

that is what is wrong with america.... WORK IS NOT REWARDED... REAL PRODUCTIVE WORK!..... It's all these Shell games, which amount to a Con job

2 comments:

Public D said...

The people of Flint respectfully decline your trash, Eric. Thanks for thinking of us though. Very classy.

Eric said...

LOL....

Hey... they make good money...

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