I posted an article from Bloomberg where Wall Street parasites earning $350,000 and up - some WAY UP, are crying poverty because their bonus has been cut.
These fools most likely think THEY are "Masters Of The Universe". They are NOT. They are well paid functionaries of our system. Most have no WEALTH. They are just another disposable part of the current "system", presided over by the WEALTHY. The folks who are depression, recession, inflation, proof. Folks who own more than "stuff", like LAND. It may do them well to read some of FerdinanD Lundberg's books. Start with "The Rich And The Super Rich". It might be dated, but it is still, and (I fear) always will be valid.
The current group of Wall Street guys are just another bunch of tools, to be discarded when they are finished, used up.
Then we can expect to see another group of "tell all" memoirs. Tales about how "love" is all that counts. The ones who still have some bucks will start foundations -- and "nice people" will speak glowingly about the way these sociopaths have been reformed/transformed/(add whatever other crap you see fit).
Better laugh -- because you, I, and everyone else will not get out of this world alive. Amazing how we allow ourselves to be seduced by greed.
Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg Survey - Another take on the FOMC statement and Bernanke press conference from Goldman Sachs' economists Jan Hatzius and Sven Jari Stehn: The FOMC was more hawkish...
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