Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Judge orders Bank of America to disclose Merrill Lynch bonuses

World Mar. 19, 2009 - 04:51AM JST ( 6 )

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6 Comments

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adaydreamMar. 19, 2009 - 07:51AM JST

It would be nice to know who didfleese Merrill Lynch days before they left. Not that I know any of them, these names should be known when they go for another job. < :-)
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tkoind2Mar. 19, 2009 - 08:57AM JST

These guys deserve to be burned at the stake. We allowed ourselves to become dependent upon the mega banks. Now their fall threatens everything and we have no choice but to bail them out or face a global depression. Yet while these companies were making massive profits, they didn't care about the public well being at all. Certainly not beyond their tiny PR initiatives anyway.

Now they beg for money from us and pay it out to the very people whose greed caused this crisis and is resulting in hardship for most of the world's working class people.

Hunt them down and burn them at the stake. Legally that is. Audit them, take back bonuses, seize their assets and put them to work paying back all they raped and pillaged over the years.
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DeepAir65Mar. 19, 2009 - 01:53PM JST

the money is probably all off shore in tax havens by now. Why waste more tax payers money trying to retrieve it?

Surely if people put as much effort into coming up with real solutions to this mess it would be a more efficient use of your tax dollar/yen etc. I say you as I am unemployed now so only contribute though indirect taxes as long as the savings last...

Let's not forget it was the American's public desire for more credit and buying houses they could not afford etc that has largely resulted in the current situation.

The bankers greed was born out of the (American) public's irresponsibility.
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tkoind2Mar. 19, 2009 - 02:15PM JST

DeepAir65. That is not entirely correct. Since the 80's there has been a political push for deregulation. This was driven not by consumers or working people but by the very companies who later took advantage of the lack of regulation to create this mess.

While consumers are in part responsible, they were also subjected to years of advertising and culturalization by companies and the media to accept the culture of credit that subsequently developed.

A lot of people saw these things for what they were and avoided debt. But a lot of them bought into just exactly what companies wanted them to buy into. And with no regulation to prevent stupidity on both sides, this mess evolved.

Sure people are to blame for too much credit and buying what they cannot afford. But the the greater blame rests with companies who very much wanted consumers doing exactly that so they could enrich themselves and their share holders.

We should go after these guys on the principle alone. Let the economic experts concentrate on the problems with the economy. Let the legal and law enforcement people make examples of the greedy dirtbags that feel entitled to bonuses while their companies die. Find them, tax them, charge them and bleed them dry!
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skipthesongMar. 19, 2009 - 04:13PM JST

Let's not forget it was the American's public desire for more credit and buying houses they could not afford etc that has largely resulted in the current situation.

The bankers greed was born out of the (American) public's irresponsibility." This is very true.

You should throw a link with your resume, if you are in Japan,.
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skipthesongMar. 19, 2009 - 04:15PM JST

tkoin2 You post leaves a question like which came first the chicken or the egg.

You can't blame business people for filling a need/desire. Whether is was predetory or not is more due to opinion than anything. Again, if you look at everything, you will find a lot of things that may in some people's eyes be unethical, but not illegal.