It is a time of great angst for the rich. Recently, there have been questions as to whether rich, taxpayer subsidized bankers "deserve" million dollar bonuses, from taxpayers. They sense scorn from fellow subway passengers, which they had not sensed before, from taxicabs. They have questions, many anonymous questions scattered throughout that piece in NY Magazine, and they deserve answers. Let's get to it.
Laid-off JP Morgan vice president asks, "AIG pissed some people off, and now you’re gonna screw everyone on Wall Street?"
That's the idea.
Citigroup executive, via e-mail to a colleague: "No offense to Middle America, but if someone went to Columbia or Wharton, [even if] their company is a fumbling, mismanaged bank, why should they all of a sudden be paid the same as the guy down the block who delivers restaurant supplies for Sysco out of a huge, shiny truck?"
Because your question makes not a lick of sense? Why would Middle America be offended, when you mean to offend your neighbor down the block, and his truck?
Mortgage-investment banker: “There’s this perception that the people on the Street were making money for nothing. You have a political and media class who make the mortgage originators and bankers out to be the villains. But are they? They were doing what Congress wanted them to do."
Yes, mortgage originators and bankers are the villains; they were doing what banking industry lobbyists wanted Congress to allow them do do.
Bear Sterns managing director: "Compensation gets so emotional. Everyone has a point of view. The truth is, the market determines what people are worth. Did I think I was overpaid? You betcha."
Thank you for making my job easier. My representative will be along to collect your excess compensation in the next 7-10 days.
Attendee, Goldman-Sachs client meeting: "Are you going to raise my taxes."
Barack Obama answered your question already. "Yes," he said. I would add, "Fuck yes."
Nicholas Cacciola, 44-year-old executive at a financial-services firm: "If you really take a look at what Obama is promising, it’s frightening. He’s punishing you for doing better. He doesn’t want to have any wealth creation—it’s wealth distribution. Why are you being punished for making a lot of money?"
Because you are annoying, and because you're probably
this guy on Twitter who only follows Michelle Malkin. Shut up.
Securities trader: "Suddenly, the simple fact I work on Wall Street means that I’m a bad person?"
Yes, I think you're starting to understand.
The Aristocrats!!