Wall Street Lampoon! *Poverty Solved! Bonuses Now!"

mascale

Gold Member
Feb 22, 2009
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So after two weeks of stock market indices rising, and at double-digit percentages, only the Reagan Trajectory Admiring, money hoarding victims of Madoff, the UnMasked Avenger: Are Left To Tear Up Their Tickets.

What do we know, and when did we know it, no one asks--certainly not in the West Wing?

"Blacks lose ground in job slump! Unemployment hits 10.5% in California, but for African Americans it's higher. Nationally the gap is Even Wider." (Los Angeles Times, front page banner line, March 21, 2009.)" But: "What Reagan-Trajectory admiring, U. S. national-election voter, would have expected that," you likely don't ask?!? The black unemployment rate was 12.5% in February, in California, and for whites, 7.8%. Hispanics were at 10.4%. Nationally, in February, the black unemployment rate was 13.4%.

"The growing lyoffs among higher-paid Afican-Americans, and steep foreclosure rates in their neighborhoods, are dealing a crippling blow to the nation's black middle class, community leaders say."

Or as millions would put, likely even in the office of Speaker of the House: "There's never a black commentator around when you need one. . . .if we're lucky!" Politicians are long famous for having a clever way with words. . . .and public policy. The commentators seem to be right when they point out that the West Wing is completely on board with the language and way with words: Public Imagery!

Even as the revenge of the nappy headed ho'meowners, compounded with the Assault Of The UnMasked Avenger, continues to plague even the West Wing--the Mrs. even out tending to the spring planting--so anyone is reminded that under Reagan-Bush I: The money-hoarding millions actually managed to get black and hispanic youth unemployment into the double-digits, more at the 50% levels.

"Crow, James Crow: Shaken, Not Stirred!"
(Business As Is Usual Returns, even after Her Majesty's PM's admonition to the aboriginie, formerly subject peoples.!)
 
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Granny says, "How about a re-think on all Wall St. bonuses...
:eusa_hand:
NY: Wall Street 2010 Bonuses Estimated at $20.8B
Wednesday, February 23, 2011 - New York Comptroller Thomas DiNapoli says Wall Street bonuses remained relatively flat at $20.8 billion in 2010, the first full year after the national recession officially ended.
The estimate of cash bonuses to New York City securities industry employees is down from what was actually paid in 2009. But it is $500 million more than DiNapoli's bonus estimate a year ago.

It's about one-third less than the 2007 bonuses before the financial crisis. DiNapoli says Wednesday's number reflects an industry shift toward deferred compensation and higher base salaries.

The comptroller's report says Wall Street profits totaled $27.6 billion in 2010, second only to 2009 when the industry benefited from massive federal bailouts and low interest rates. In 2008, Wall Street firms gave out $17.4 billion in bonuses.

NY: Wall Street 2010 Bonuses Estimated at $20.8B | CNSnews.com
 

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