Now that We own Wall Street

Discussion in 'Economy' started by Red Dawn, Sep 20, 2008.

  1. Red Dawn
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    Red Dawn Senior Member

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    Now that we, the american taxpayer, owns Wallstreet, I assume we have the right mandate how these companies operate.

    Here's the changes I would make to our companies:

    Change the executive pay structure: Fire all the CEO's and top management. We don't need to pay some hack who ran her/his company into the ground a multimillion dollar salary and a multimillion dollar pension.

    Since these companies are nationalized, we could turn the company managment into a civil service position, and pay our CEO the same salary that a US Senator or the Secretary of the Treasury makes. Hell, Obama, McCain Henry Paulson, and Ben Bernacke work for peanuts - what, 162 grand per year? Why the fuck would we want to pay some asshole wall street tycoon 20 million a year just to run the company into the ground, like they just did?

    I just spent five minutes on this, and I just cut hundreds of millions of dollars in operating expenses, for our new nationalized companies.

    We could mandate that our new companies operate in a socially responsible and ethical way. We could mandate that gay employees are entitled to shared health benefits and tax benefits with their partners. Women employees would have free, company-sponsored day care and paid maternity leave. Why not? Hell, I just saved hundreds of millions of dollars by firing the CEO, and replacing them with people like Paulson and Bernacke who have demonstrated they're willing to work for civil servant salaries.

    I'm sure there are more things we could mandate our new companies to do. But, I have this horrible, sneaking suspicion that BushCo. is just going to give them a Trillion taxpayer dollars, no strings attached.

    Because, that's what republicans do.
     
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  2. Charles_Main
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    Charles_Main AR15 Owner

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    Your confused my friend. We don't own wall street. we just own all the bad investments on wall street. They get to keep the good ones.

    What a great deal for us.
     
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  3. dilloduck
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    dilloduck Diamond Member

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    It's what happens when you expect someone else to take care of you, believe in free lunches and think that anything is secure.
     
  4. Chris
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    Chris Gold Member

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    George Bush is socialist.
     
  5. Diuretic
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    Diuretic Permanently confused

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    I'm almost envious :eusa_angel:
     
  6. Diuretic
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    Diuretic Permanently confused

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    Johnny-come-lately one though :D
     
  7. HoleInTheVoid
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    HoleInTheVoid Active Member

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    If that were the case liberals would like him.
     
  8. DiveCon
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    DiveCon gone

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    not quite, but he sure isnt a conservative
     
  9. Diuretic
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    Diuretic Permanently confused

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    Well I was wrong about Bush. He's not an idiot. Only an idiot would refuse to respond to bail out Wall Street.
     
  10. editec
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    editec Mr. Forgot-it-All

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    Great minds obviously think alike. I just wrote something about us not bailing out private banks and suggested that we simply OWN them if we have to keep them going.


    Can we strip them of everything they own, too. We should you know.

    Excellent idea.

    Throw in the derivitive companies, and you're going to cut TRILLIONS off their operating expenses.

    Don't foget the free beer on fridays perq!

    Bush really dosesn't have much say in this, I suspect.

    That's what Democraps do, too.

    The leadership of both are really just leading different squads of the same team, sport.
     
    Last edited: Sep 21, 2008

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