http://www.nytimes.com/2008/12/18/business/18pay.html?ref=businessLike most of us have guessed by now, paying out $35 million dollar bonuses to every executive in your organization is actually not the most solid of business models. When I was a kid running a lemonade stand, I knew not to swallow all of the quarters I earned until after I had enough to buy more lemonade, but investment bankers are laboring (ish) under the belief that a penny saved is a penny someone else will put in their bonus. In 2006, Merril Lynch gave out 5-6 billion dollars in bonuses, all of which was immediately poured into the good old Conspicuous Consumption fund, none of which seems to have been put aside for a rainy/pouring/you country is going out of business type-day.
Anyway, in the face of this whole National Financial Crisis thingy, bankers are promising to cut their bonuses to a more manageable number of millions, which for some reason is not satisfying the insatiable douchebag we call "public opinion". So now we have a national blood feud on our hands between the Corporate Elite and the entitled, newly pissed off rabble trying to steal those hard-conned dollars back cause they can't afford their Prozac no mo'. Those of us in between are left waiting for that "let them do coke" moment to trigger a revolution so French they'd demand royalties (ironically).
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Quit trying to kill us all, you greedy fucks, and get your man-manicured hands out of the bailout cash.
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