Working Life

One of the people I have zero sympathy for — and the general public should have outright antipathy towards — is Jamie Dimon, the CEO of JPMorgan Chase. If the guy isn’t in jail, he should at least be unemployed — like the millions of people he helped put out of work courtesy of his financial shenanigans. Maybe he will actually end up on the short end, though I’m still skeptical even with the raft of investigations aimed at JP Morgan Chase.

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Ideology is a powerful factor in the way people see things — or don’t see things, either intentionally or because they just can’t. So, when Bruce Bartlett recently wrote about the risks of retiring without a decent pension, it was both comical and bizarre that he chose to ignore the main reason for the destruction of a comfortable retirement.

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So, Wall Street got to really fuck workers once — when the greedy bastards who cratered the economy with their foolish games, they put millions of people into the streets, people who lost their jobs because of the greed. While not a single high-ranking financial leader is in jail, the greedy bastards are coming back for a second time to fuck workers — this time trying to screw them out of pensions.

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On the list today of no-brainer questions and answers: If you are an undocumented immigrant working for a low wage, would you trust the Chamber of Commerce or the AFL-CIO to look after your interests. Ok, on to a tougher question…

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The whole nonsense about taxes being a big burden on the rich has been one of great societal burdens. At least one rich guy has found that out, giving up the search for the Holy Grail of low tax countries. And wouldn’t you know it, it was John Cleese himself.

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With the budget debate in full swing and tax deadline just a whisper away, I thought it would be useful to post this, even if it’s a year old — something to keep around every time you hear corporations whine about high taxes. Because those taxes aren’t high at all (yes, I know you know that basic fact).

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I’ve always chuckled a bit at the annual baseball debate over the rich teams versus the “poor” teams. Face it: it’s not your family business anymore. It’s big business running these teams. And, lo and behold, the vise of greed is tightening around the national past time.

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If you sit and worry about how to save public money, it’s no mystery — go after the drug companies and health insurance mafia. That’s where real money is.

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Citibank’s decision to settle a huge lawsuit over misrepresentations it made to investors is yet another moment to consider how people who contributed to the financial crisis just skate free and clear. Such is the good fortune of Robert Rubin — unscathed, rich and, hard to believe, still listened to.

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Well, the answer is probably no — at least so far. I’m all for the Treasury socking away some money. But, the money collected for these pathetic fines (pathetic in the big scheme) does not come close to outweighing the pain these manipulators, crooks, big-shot financiers imposed on tens of millions of people around the globe. It’s a travesty.

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