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[dave is ok]

I'm critical of President Obama but you can't blame him solely for GS going free.

Fact is, what GS did was low down and dirty and unethical as fuck, but not illegal and thus you can't bring a lawsuit to someone unless they broke the law.

This is completely bullshit.

They broke the law blatantly and knowingly, many many times. It's just really hard to prosecute financial crimes in today's political climate. The SEC would rather just make them pay a huge fine, which amounts to less than the amount they made from their crimes - and they get to admit no wrongdoing and go about their business.

 

[Yoda]

I'm sure this schmuck also tricked people into shit CDOs and bet the other way right after the sale. The only thing this guy deserves is a prison sentence to remove his parasitic asshole from society.

How do you know? How much money was he using to make that $7 billion? How much risk was the company absorbing?
If he lost the company $7 billion, would he be paying them $8 million?

It's wallstreet bro if the company does bad it's the economy's fault! Can't let it hurt bonuses!

 

[Cyan]

So either the person who made that graphic has literally no idea what a normal person is making, or they were purposefully picking large incomes in order to achieve a scare factor by showing tax implications that appear massive.

It's pretty obviously the latter. The infographic was about how difficult it would be for families given the changed tax rates. The only way to make it appear that taxes were going way up was to inflate the incomes of the families represented to ridiculous amounts.

Also, from what I recall, the artist was upset about the whole thing because they just knew they were drawing families having tough times in the current economy, and the numbers were filled in afterwards, making the whole thing laughable.

 

[Deleted member 13876]

Can I ask what your occupation is? You seem a bit bitter.

Are we still doing slightly more eloquent "u mad bro" posts?

 

[ScHlAuChi]

If you generate $7 billion in revenue you are in fact worth that much money.

That is until we ask HOW those 7B$ were created!
if GM is now 7B$ richer SOMEONE ELSE must be 7B$ poorer!

Now lets take a guess who that is!

 

[elrechazado]

That is until we ask HOW those 7B$ were created!
if GM is now 7B$ richer SOMEONE ELSE must be 7B$ poorer!

Now lets take a guess who that is!

This is some hard hitting financial analysis.

 

[ScHlAuChi]

This is some hard hitting financial analysis.

Why? Are you saying he created 7B$ out of nowhere?
And if no, please explain where its coming from!

 

[rudieboy77]

In a bit of "you didn't build that", he did not earn Goldman 7 billion on his efforts alone.

 

[charsace]

One of the more punchable couples I have ever seen.

 

[Fusebox]

Oy bubbeleh why you always disappoint your mameleh.

 

[greatestjediever]

You think it's for people living in the mid-west?

For this hypothetical lawyer mother of two I would've guessed Bethesda, Chevy Chase or NoVa where the schools are best (even an apartment closer to Capitol Hill). Not to mention the fact that SE DC has a pretty bad notoriety for crime.

 

[Tallshortman]

Why? Are you saying he created 7B$ out of nowhere?
And if no, please explain where its coming from!

I'm not going to comment on the merits of the arbitration but your post...

First off, he said he helped the bank earn 7 bil, not create 7 billion, Are you asking if he literally created $7 bil of wealth?

Second, the economy and financial system is not a zero sum game like you seem to be suggesting.

 

[War Peaceman]

Seeing people think like this gives me a sick feeling in my stomache. Some people strive for much bigger goals than others and should be rewarded as such if they provide results.

Many people have ambitions bigger than shifting money around on spreadsheets. It is a shame that society rewards such pointless behaviour with ridiculous $8m bonuses and yet skimps so much on teachers, to use one example.

 

[ScHlAuChi]

First off, he said he helped the bank earn 7 bil, not create 7 billion, Are you asking if he literally created $7 bil of wealth?

I didnt, the poster i answered originally did, shouldnt have just copied his words.

Second, the economy and financial system is not a zero sum game like you seem to be suggesting.

No it isnt, but that doesnt change the fact that the money GM earned had to come from somewhere

 

[Makai]

It's pretty obviously the latter. The infographic was about how difficult it would be for families given the changed tax rates. The only way to make it appear that taxes were going way up was to inflate the incomes of the families represented to ridiculous amounts.

Also, from what I recall, the artist was upset about the whole thing because they just knew they were drawing families having tough times in the current economy, and the numbers were filled in afterwards, making the whole thing laughable.

I assumed it had something to do with the demographics of WSJ readership as well.

That's an interesting story about the artist - didn't consider that the artist was in the dark like that.

 

[Zissou]

How do you know? How much money was he using to make that $7 billion? How much risk was the company absorbing?
If he lost the company $7 billion, would he be paying them $8 million?

This. It's a lopsided system where people/institutions take massive financial risks and profit when it pays off but they lose nothing if things go bust. They have no skin in the game.

 

[StuBurns]

He should get what he was told he would, how wealthy he is isn't relevant.

 

[Vermillion]

The bitterness in this thread... damn lol.

Many gaffers really hate rich people.