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I disagree that there has been correction, the sub-primates are still offering funny money mortgages. What the investment banks did (and it was not just AIG) with their derivatives and tranches was what pulled the whole thing down around our heads, yet no one (other than Bernie) is in jail.
Our whole business sector needs a good stiff kick in the arse. No one seems to find it odd that 'the most powerfull man in the free world' gets what $800,000 a year, used to be $400,000. Meanwhile the head of Bof A gets $10,000,000 and he is a piker compared to some. Nowhere else in the world is the salary differential so great, CEOs get 300 times and more than the average worker.
I submit to you that there is no man or woman in this world worth more than $800,000 per year and there are damn few of them.
We used to be a democratic republic but now we are more like the Balkan States of America where the Jack System is the politics of the land.
Last edited by merrylander; 05-15-2009 at 07:19 AM.
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