Tag Archive | "Greed"

85 Peoples’ Wealth=Half The World

Not a new idea but worth spotlighting on MLK Day that class warfare is forging ahead. Oxfam, in anticipation of the gathering of the Masters of the Universe at Davos, tells us this nugget: the richest 85 people have the same wealth as 3.5 billion people, half the population of the world.

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Remembering Vodka and Penises Thanks To The Koz

The Koz is getting paroled. The Koz being Dennis Kozlowski who was one of the few CEOs to serve some time — not enough in my opinion. But compared to the financial crisis people, he got a good licking. Here’s a reminder from the past.

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The Greed Gift That Keeps Giving: CEO Pay Up 16 Percent

So, when I read this shit, I admit to laughing: there is a certain about of humor I find, mixed with the disgust, in the absolute ability of the captains of industry to continue to act like pigs at the trough in the face of all the misery of unemployment, low wages, no pensions and fear still coursing throughout every community. The system of greed, fired up by the great, almighty, “free market”, just soldiers on in another fourth dimension. They just do not care

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Pity The Hedge Fund Guy Who Needs Better Digs

For your digestion, or indigestion, another chapter in the astonishing chutzpah and greed. When the rich don’t have enough room or covet something else, they just buy another property for a nice cool $60 million — and, then, they whine about taxes being too high.

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RBS Keeps The Trend Going

Ok, a little test to see who has been paying attention. What do you see in this story that seems really familiar?

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Lloyd’s Good Life

Hey, no big deal — you run a company rife with conflicts of interest, you help crater the economy, costing millions of jobs and trillions of dollars in wealth…and you keep racking up more and more money. Life is good for Lloyd Blankfein.

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The Fix-The-Debt Gang Is A Gaggle of Thieves

One of the most grating parts about the Fix-The-Debt crowd is their sanctimoniousness — only *they* care about the country and only *they* know the truth and everyone else is an idiot and blind. The truth is this is a gang of phonies — led by the corporate hacks named Bowles and Simpson — who have an ideological hatred of anything that smells of a “social good” and mostly standout for the amount of riches they’ve siphoned off from various companies or investments they’ve tapped into. And here is hard evidence.

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A Chart Says It All

You want a visual of what the phony fight about the fiscal “crisis” really is about? Here you go.

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Phony Billion-Dollar Suits, Jailing Little Fish: Nothing Changes

So, it’s easy to capture our predicament today–though you’d never get that from the transcribers of press releases (formerly known as “journalists”). Here is is neatly summed up: we’ve been robbed, only little fish are being held accountable for relatively small crimes and, even more to the point, in a political rhetorical world where shareholders are revered, the shareholders are being left to pay the bill.

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Sometimes It’s So Obvious You Laugh

Clarity in politics requires that you pay attention. It’s not hard to see the game being played. And it is often so easy — as easy as a campaign contribution — to see the game that you burst out laughing because, well, humor must never be abandoned, even if you see your country being sold off to the highest bidder.

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It’s A $10 Trillion Tax Cut, Not $5 Trillion

I guess it’s a function of inflation and/or a numbness to reality but the rhetoric about money isn’t what is used to be. Back in the day, Republican Senator Everett Dirksen (whose name probably means nothing to the shallow commentators who think political history started with Ronald Reagan) is alleged to have said, ” A billion here, a billion there, and pretty soon you’re talking real money”. Dirksen, who served in the 1950s and 1960s (and probably could never win a Republican primary in today’s wing-nut world), would have been a piker by today’s standards of throwing around figures without regard to reality. Which brings me to the Romney lie about taxes–which the president got right, admittedly, in a clumsy way, but most liberal-progressive pundits are getting wrong.

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Bank of America’s Execs Get $2 Billion Stay-Out-Of Jail Card

Hey, Bank of America shareholder, how does it feel to have the executives deceive investors (in other words, lie), escape any personal responsibility for the lies, cause huge losses and, then, stick YOU with a bill for over $2 BILLION? Well, probably not a great feeling but, screw you, you are just an investor, not a coddled, overpaid executive who just got handed a stay-out-of-jail card.

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Banksters Get Off Again: Citibank Pays Off Crimes, Robert Rubin Skates

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Wed Aug 29, 2012 at 07:30 PM EDT
Banksters Get Off Again: Citibank Pays Off Crimes, Robert Rubin Skates

by Tasini

Same old story. The crimes of the financial crisis remain, for the most part, unpunished-except if you are a shareholder of a financial institution who is paying the price for the misdeeds and crimes of the greedy, overpaid executives who destroyed the lives of millions of people. Today’s example: Citibank.

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Shareholders Stick Finger in Citibank CEO’s Eye

    In my search to find something positive among the rubbish cascading across our eyes, let us behold a small ray of positive action. Citibank’s CEO Vikram S. Pandit tried to stuff his pockets full of millions of dollars more in bank money. The shareholders were not buying it–and turned thumbs down on his proposed […]

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The Phony Debate Over The “Buffett Rule”

   If I was a "one percenter", I’d love the debate under way in the U.S. right now. What’s not to love? You whine and cry about the "Buffett Rule", how unfair it is and hurts the "job creators", and, then, laugh all the way to the bank as you barely can see where the […]

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Krugman: “OWS Has Done A Great Service”, Wall St Committed Crimes

   A few months ago, I spent 5-6 hours interviewing Paul Krugman for Playboy magazine. It’s now on-line here. He speaks candidly–surprise–about the economic misdeeds of Wall Street, the foolishness of the current austerity obsession and focus on the non-existent debt crisis, and a whole range of topics including his view that the Obama Administration […]

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