Bloomberg reports that Representative Barney Frank (D-MA) has called for a freeze on Wall Street bonuses, at "all firms," and not just those relying on the kindness of Bald and Bearded strangers. "There should be a moratorium on bonuses," Frank said yesterday. "They have a negative incentive effect because they are the ones that say if you take a risk and it pays off you get a big bonus...and if it causes losses...you don't lose anything." He's, right, you know. I mean, yeah, it was really only higher ups who perpetrated the monumental fuck ups we're currently paying for, including but not limited to the barbershop quartet of, say, Dick Fuld, Stan O'Neal, Chuck Prince, and Jimmy Cayne (with back up dancers Angelo Mozilo, Alan Greenspan et al.), but surely something will come of cutting the annual take-home of low-level plebes who were minding their own business placing Seamless Web orders while their boss's boss's boss's boss's boss was investing in that can't miss asset class, subprime.
The only thing is, we're not sure Barns has gone far enough. No bonuses for anyone, yes. But that's like trying to put out a forest fire with a bottle (essentially) non-alcoholic MHL. We need more power. Off the top of our heads we're thinking a moratorium that included keyboards, desk chairs, and bathroom passes would make this thing that much more effective. Only when those fuck-sticks learn the value of being allowed to relieve themselves whenever they want will we turn this culture of greed around.
Posted by guest , Oct 22, 2008 1:11PM
ראשון
Posted by guest , Oct 22, 2008 1:11PM
Why doesn't he just come out and say it?
Nuke NYC!
Oh, wait a minute. The fallout would reach Boston, wouldn't it?
Posted by guest , Oct 22, 2008 1:12PM
God bless the poor souls that have to live in that idiot's district. Why is he allowed to speak?
Posted by guest , Oct 22, 2008 1:12PM
In other words....no more pee'in on the peons. Got it Barney Rubble, you cock knocker.
Posted by guest , Oct 22, 2008 1:16PM
Joe the Plumber would support Barney Frank.
Posted by guest , Oct 22, 2008 1:17PM
fortunately no one listens to that jackass
Posted by Headless Horseman , Oct 22, 2008 1:17PM
...with back up dancers...
Nicely done Bess.
Posted by guest , Oct 22, 2008 1:18PM
barns is your boss now.
one on one pile-driving performance reviews forthcoming.
enjoy.
-retail
Posted by Investorcluzo , Oct 22, 2008 1:18PM
"moratorium" or "freeze"? a freeze at last year's levels would be a godsend...
seriously, they need to know how investment banking works. no one would work on wall st for the paltry salary. even some toll collectors (if you include overtime) make more than some md's base.
Posted by guest , Oct 22, 2008 1:22PM
10/10 for "fuck-stick"
Posted by guest , Oct 22, 2008 1:23PM
Damn why they wanna stick for my paper?
They heard about the rolex's and the lexus's......... they even heard I was getting money outta state
Posted by guest , Oct 22, 2008 1:23PM
#9
Frankfurter has his head up his a$$, of course. But I work on the buy side for that base, with no prospect of bonus for quite some time if at all, and absolutely no bennies. I count myself lucky to have a job just now - between my wife and I, we can cover the too-big mortgage and necessities. Need to change your way of thinking people - I've had it driven home to me. Not a lot of options out there when you are cut loose in an environment like this.
Posted by guest , Oct 22, 2008 1:23PM
10/10 for "fuck-stick"
Posted by guest , Oct 22, 2008 1:24PM
@9 they don't give a shit how IB works...Wake up, folks.
You guys are drawing dead.
Posted by guest , Oct 22, 2008 1:24PM
"House Financial Services Committee Chairman Barney Frank said there should be a freeze on Wall Street bonuses until companies find a way to keep the year-end payouts from encouraging excessive risk-taking."
I've got an idea to discourage excessive risk-taking. How about you let companies that take excessive risk go bankrupt if their wagers don't pan out? If companies go bankrupt, the employees lose their jobs, and management watches their net worth nose dive. This should serve as an effective disincentive to take large risks. Perhaps Mr. Frank should have thought about that before helping to jam a couple trillion dollars down the throats of insolvent businesses.
Posted by guest , Oct 22, 2008 1:24PM
Congress should also have a moratorium on their own raises (which THEY get to decide with their own votes!).
We should have their raises and salaries tied to the budget. That'll get us a balanced budget quickly.
Deficit = pay cut. Surplus = raise.
Posted by guest , Oct 22, 2008 1:25PM
@1:
What are you doing on the internet on shemini atzeres?
Posted by blndebnker , Oct 22, 2008 1:31PM
@cluzo - I don't know if I would call the salaries paltry. Obviously the big money payouts come bonus time are the real incentive but I'm guessing my MD's salary is about $200-250K. If there is honestly a toll-taker spot that pays that much, I am in the wrong industry.
Posted by guest , Oct 22, 2008 1:31PM
@ 9 - what shop are you at where an MD's salary is less than a toll collector? 250k a year for a toll collector? im in the wrong industry
Posted by guest , Oct 22, 2008 1:32PM
Gather ye rosebuds while ye may...
Posted by chernevik , Oct 22, 2008 1:33PM
This is the guy who would choose the Treasury Secretary for an Obama Administration.
Just you wait and see.
Posted by guest , Oct 22, 2008 1:34PM
@15, Sensible idea.
Unfortunately, The financial system just finished pulling off the economic equivalent of suicide bomber terrorism.
Every bank in creation has now been deemed too big to fail and everybody is whining that Lehman should never have gone down.
Washington has a vendetta, granted a misguided one. But in some ways I can't blame them.
Posted by guest , Oct 22, 2008 1:37PM
Oh, I can't wait till Obama is elected. He will show you, you rich white assholes, how to live like regular folks do every day!
What Barns is doing is far from enough, you thieves stealing from the working classes!
Posted by guest , Oct 22, 2008 1:38PM
Will there a moratorium on cock for Frank?
Posted by guest , Oct 22, 2008 1:38PM
21 Who would choose the VP in a McCain admin? Oh sorry. She's been chosen already. Which is why there should be no McCain admin. Nuf said.
Posted by guest , Oct 22, 2008 1:38PM
@17 dictated it to his shabbas goy, perhaps?
Posted by guest , Oct 22, 2008 1:38PM
“It’s absolutely a conflict,” said Dan Gainor, vice president of the Business & Media Institute. “He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?
“If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s not in the stock market - that this would be considered germane,” added Gainor, a T. Boone Pickens Fellow. “But everybody wants to avoid it because he’s gay. It’s the quintessential double standard.”
Posted by guest , Oct 22, 2008 1:38PM
@16 - That is one hell of an idea
Posted by guest , Oct 22, 2008 1:41PM
Sarah Palin rocks.
Obama sucks cock.
Posted by guest , Oct 22, 2008 1:41PM
at #9 kudos. Well said a voice of reason in a sea of irrationality.
Posted by MostOffensive , Oct 22, 2008 1:41PM
this is what we have to look forward to:
"The Wall Street of 1932 was a dismal ghost town. Securities firms declared “apple days” — unpaid vacation days each month that enabled destitute brokers to go out and supplement their income by selling apples on the sidewalk." (House of Morgan p. 346)
instead of getting bonuses, we'll go outside and attempt to sell apples to gullible/ hungry tourists
Posted by prgy , Oct 22, 2008 1:43PM
Hey cluzo, I bet you think Barney Frank is hot.
Posted by guest , Oct 22, 2008 1:44PM
Who's hotter - Palin or Argentina's president?
Posted by guest , Oct 22, 2008 1:45PM
There should be a permanent freeze on Barney Frank, what a pig.
Posted by guest , Oct 22, 2008 1:45PM
Not sure about everyone here but I, for one, can not wait until they get control of my health care. It will be soooo much better then.
Posted by guest , Oct 22, 2008 1:45PM
@31 No, you d-bag, instead of getting bonuses, you and all your "finance" brothers are going to jail for defrauding honest hardworking people.
@29 You suck cock.
Posted by Investorcluzo , Oct 22, 2008 1:46PM
young md salary = $175 - $200k. toll collectors near retirement work overtime in the last two years to lock in pension benefits based on their total take home (~$150k - $175k). nj is raising taxes to pay for this little trick that has been kept secret for years. while I don't live in nj, I have to pay that stupid toll that continues to rise despite the recession we're in...
Posted by diablo , Oct 22, 2008 1:47PM
@9
Frank used the word moratorium. Bloomberg reporters used the word freeze. I guess Bloomberg underestimates their readers.
Posted by guest , Oct 22, 2008 1:47PM
they should also freeze all congressperson's salaries, generous health care coverage, and lifetime pensions until they figure out how to stop f'ing up this country.
Posted by guest , Oct 22, 2008 1:48PM
Obama rocks!
I can't stand Barney Fag. I work in finance which requires hard work and stress for $$'s. If I wanted a chilled life style, I would be working for GE or P&G.
Posted by guest , Oct 22, 2008 1:48PM
Who's hotter - Palin or Argentina President?
Posted by guest , Oct 22, 2008 1:49PM
@36 Why don't you take your liberal ass to mtv.com or somewhere else where you can discuss your feelings and change...
Posted by blndebnker , Oct 22, 2008 1:50PM
@cluzo - where are you getting this toll information? Is that public record?
Posted by guest , Oct 22, 2008 1:51PM
Barney Frank should hide in a hole. He told the regulators everyone should own a home and it was him who invented the subprime loan!! What an ass!!
Posted by guest , Oct 22, 2008 1:51PM
@37 Perfect example of govt corruption/waste
bigger govt = bigger corruption/waste
Posted by guest , Oct 22, 2008 1:51PM
@25 you are a SFAH who knows nothing other then what Bill Mahr shits into your empty skull
Posted by guest , Oct 22, 2008 1:53PM
40, "you work in finance"
It;s all because of you that the current crisis happened.
This election will straighten it all for you privileged little "streseed out" suckers.
You've seen no hard work.
You think people on factories just chill making 1/10th of what you make?
Loser.
Don't even touch our Obama.
Posted by guest , Oct 22, 2008 1:53PM
toll collector ~150k? Link, or you are full of crap.
Posted by guest , Oct 22, 2008 1:54PM
Isn't Barney Frank the guy whose boyfriend was running a gay prostitution ring out of his D.C. townhouse, but Frank said he "didn't know about it"?
I guess the guy can never tell when there's an ass right in front of his face. Why he is given control over any sort of finance-related activity is beyond me.
"In August 1989, Stephen Gobie reportedly told The Washington Times that he ran a prostitution ring out of Frank's Washington, D.C., apartment and that Frank was aware of his operation. While Frank admitted to paying Gobie for sex several years earlier and to later hiring Gobie as an assistant, Frank denied any knowledge that Gobie allegedly ran a prostitution ring out of Frank's apartment. Frank maintained that he fired Gobie upon being told by one of his landlords that Gobie was using his residence for his prostitution business."
Posted by guest , Oct 22, 2008 1:55PM
The USA is going to follow Iceland's lead into country-wide bankrupcy with these clowns running the show. Clueless idiots every one of them.
Posted by guest , Oct 22, 2008 1:56PM
@41
Palin by a long shot. She seems to look decent at any angle..
Argentina's president on the other hand...
http://www.theage.com.au/ffximage/2007/10/30/rgw_fernandez_narrowweb__300x442,0.jpg
Posted by guest , Oct 22, 2008 1:58PM
@47 "our" obama
Really? The guy belongs to his high profile campaign contributors who work in the finance industry.
Posted by guest , Oct 22, 2008 1:58PM
I'm asking to be transferred to our London office
f*ck US govt
Posted by guest , Oct 22, 2008 1:58PM
@51
Still not bad, but I have to agree that Palin photographs better.
Posted by guest , Oct 22, 2008 2:02PM
41 here...agreed. Pic of Argentina made that answer easy. Thx
Posted by Investorcluzo , Oct 22, 2008 2:03PM
@blndebnker - a guy I know was going off about corzine raising his taxes. he went on about the toll collector issue which apparently made headlines because only a select few read: "sopranos" were given the opportunity...he is relatively well connected, but can't confirm the actual numbers but it is a union job - so you can rest assured that the numbers are more than fair.
Posted by guest , Oct 22, 2008 2:03PM
If they were to do this how many HFs would relocate to a different tax regime?
How much tax revenue would the US govt lose?
NY state gets +30% of revenue from Wall St
Posted by guest , Oct 22, 2008 2:04PM
@47 what are you doing here? get back to shining my shoes!
Posted by guest , Oct 22, 2008 2:05PM
@28.
#16 here. We should've done that a long time ago. People work harder and smarter when they suddenly have an incentive to do so (our gov't has no such incentive).
Posted by guest , Oct 22, 2008 2:05PM
@47 It;s all because of you that the current crisis happened.
Moron, I work in Equities. We add value by identifying undervalued companies, helping them grow their business (create employment, contribute to art & science, etc). Junk/ convertible bonds are useful too as without them, we won't have IT powerhouses like Texas Instruments, etc.
The people responsible for this mess work in Structured Credit. The idiots in structured credit/CDO squared bs should have their bonuses capped for the next 100 years.
Obama 08
Posted by guest , Oct 22, 2008 2:05PM
cluzo you're a provoceture.Please stop with this misinformed dribble. Toll collectors making 175 a yr. wtf!!
Posted by guest , Oct 22, 2008 2:06PM
cluzo you're a provoceture.Please stop with this misinformed dribble. Toll collectors making 175 a yr. wtf!!
Posted by prgy , Oct 22, 2008 2:06PM
cluzo, once again you prove you know nothing you stupid Madonna wanna be.
Posted by guest , Oct 22, 2008 2:07PM
I'm convinced Barney Frank has his goals set on destroying the financial sector.
Posted by guest , Oct 22, 2008 2:08PM
@52 and 58:
Wait till the man is elected.
Both of you will be shining MY shoes.
Obama is smart enough to take the money where the miney is easy. Your time is coming up, you privileged assholes.
Posted by Investorcluzo , Oct 22, 2008 2:13PM
@mr double post (61/62) - please read carefully, when you include "overtime in the last two years", that's how penions are set. look it up.
@prgy - exaclty what have you added to this site? you don't know me, let's keep it that way.
Posted by guest , Oct 22, 2008 2:13PM
@53......Good idea! Things are much better there.
Posted by guest , Oct 22, 2008 2:14PM
Just because Russia couldn't get socialism right doesn't mean we can't....USSA all the way.
Posted by guest , Oct 22, 2008 2:15PM
cluzo you're referring to one case that was investigated and was found that the guy was bucking the system and was fired without his pension. SO where does that leave us??
Posted by guest , Oct 22, 2008 2:16PM
@65
Sure. Just wait for it. He's also going to fix the economy and bring world peace within the first couple days in the white house.
Moron.
Posted by prgy , Oct 22, 2008 2:17PM
cluzo, I know who you are. 42 year old community college dropout, who lives in his parents basement, and works for the NJ Turnpike Toll Collection system.
Posted by guest , Oct 22, 2008 2:17PM
@65, of course he is smart enough to make the easy money. it's always EASY to take money earned by hard working other people...socialism in all its glory.
Posted by guest , Oct 22, 2008 2:18PM
@65 so now we know what it's all about .. you want to sit around eating melon and watching bball while the man earns your living
Posted by guest , Oct 22, 2008 2:19PM
@60
"I work in Equities"
and pretend to contribute to society!
Arts?
Have you even been to Chicago suburbs or Harlem for that matter? Go see the poverty and devastation, then cry "I've contributed to arts through my stressful work!"
Sissy. You won't deserve even a welfare check.
And yes, don't worry, your white sissy friends in credit will get their heads slammed too.
Posted by american bandersnatch , Oct 22, 2008 2:19PM
10 years ago the toll collectors pulled down almost $100k with overtime (daily record 2-22-99). Add 10 years of inflation and the generous pension benefits that are keyed off the last years' compensation and aren't in the $100k and Cluzo's numbers aren't unreasonable. And of course, those pension benefits are constitutionally guaranteed.
Posted by guest , Oct 22, 2008 2:20PM
@73
Did it really have to go there? Why not sitting home eating oranges playing video games?
Just Saying.
Posted by guest , Oct 22, 2008 2:21PM
cluzo , you are quite the blow bag.
Posted by merkin capital partners , Oct 22, 2008 2:21PM
Not too worried about it. You will still live (govt) paycheck to paycheck and we will still have the power. Not even free government cheese and haircuts can keep your "poor me" mindset from moving on to your uneducated parasitic children.
We may be financing your lazy simple asses with our taxes but at the end of the day we (and our progeny*) will always be the winners, and you and yours always the losers.
*Definition provided: http://en.wikipedia.org/wiki/Progeny
Posted by guest , Oct 22, 2008 2:22PM
@73
over 90% obama support..just saying
Posted by guest , Oct 22, 2008 2:23PM
@74 - Lazy fucks in Harlem stand around all day collecting welfare. The "devastation" is of their own making, and much deserved. And it won't end with Obama who is completely powerless change anything - because you are too lazy to do anything productive.
Posted by guest , Oct 22, 2008 2:25PM
@78
Not worried now.
Wait two years: I'll be living in your fancy house you got fooling people like me. And you and you "progeny" will be safely tuck away in prison to prevent you from stealing again.
Posted by blndebnker , Oct 22, 2008 2:25PM
Wow Cluz wtf did you do to piss these people off so much?
Posted by guest , Oct 22, 2008 2:25PM
cluzo, you're a disgrace to humanity. $150k PER YEAR? fucking disgrace.
Posted by guest , Oct 22, 2008 2:26PM
I said it before, I'll say it again...
No Bitch Assness!
Enough with tolls/prgy/Obama. If you're so concerned about getting paid more, I hear the PANYNJ is taking apps at the Holland Tunnel.
-Diddy
Posted by guest , Oct 22, 2008 2:27PM
time to take our produtive asses and form our own country.. give the Obamerites whichever side of the Miss.river they want...let them stew in their own shit.
Posted by american bandersnatch , Oct 22, 2008 2:28PM
@85 - Cut back on the Ayn Rand.
Posted by guest , Oct 22, 2008 2:29PM
@80
You racist asshole, we are not lazy, and you are exactly why Obama should be elected.
Thief!
Posted by guest , Oct 22, 2008 2:29PM
@86
tired of the burden
Posted by prgy , Oct 22, 2008 2:33PM
@83 you are right.
Posted by merkin capital partners , Oct 22, 2008 2:33PM
@81 "fancy" houses? wow you must be a real live poor as not even intelligent "middle class" (whatever that means)use such ridiculous language. You sound like my 6 yr old...or perhaps that Samuel Clemens caricature from The Simpsons; "Once I get my gold house and rocket car!"
You are truly delusional if you think your tax breaks are going to move you any higher on the food chain than you are today. Now get back to buying gold off late night tv.
Posted by guest , Oct 22, 2008 2:34PM
cluzo, you wacked a hornets nest huh sister??
Posted by guest , Oct 22, 2008 2:34PM
Salaries for Turnpike employees in 2006 and 2007:
http://php.app.com/njturnpikeot06/search.php
Also see:
http://www.howtousegoogle.com
Posted by guest , Oct 22, 2008 2:34PM
blnde-I don't think it's Cluzo. The masses (high and low) are getting cranky.
Posted by guest , Oct 22, 2008 2:34PM
Representative Barney Frank has a history of boners when dealing with banking executives.
Posted by guest , Oct 22, 2008 2:34PM
I think DB finally jumped the shark around about comment 65. T'was a good run while it lasted...
Posted by Lowly Assistant , Oct 22, 2008 2:36PM
The ignorance pouring onto these pages is astounding. I know you retards have never been north of 116, but Harlem is actually quite nice. If you've ever hopped on the A/C/D/B at 59th, you'll notice how fucking packed the train is. You know why? Because the "lazy, no-good Harlemites" are going to fucking work, being productive. Take a lap.
Also, lest I remind you the overwhelming majority of this country is white; meaning, the overwhelming majority of plebes are white...further meaning the overwhelming majority of welfare checks are being distributed to whites. If you want to see true plebes, take a trip to Appalachia. It'll blow your mind how disgustingly poor our "awesome, hard-working" fellow white folk are.
In other news, Barney Frank's ignorance is almost as blatant as those who previously posted on this topic.
Posted by guest , Oct 22, 2008 2:37PM
The messiah will part the waters and heal the earth.
Hope, change, rainbows, and unicorns for all!
Posted by Investorcluzo , Oct 22, 2008 2:39PM
@blndebnker - I answered your question. apparently, some people are threatened by the fact that a union worker could make $150k (inclusive of overtime). but if you do the math 60hrs a week:
$45.00 hr x 40 = $1,800
$67.50 hr (time 1/2) x 20 = $1,350
$3,150 per week x 50 weeks = $157,500 per year.
that doesn't include working holidays which is 2.0x+ hourly vs 1.5x for regular overtime...someone want to call a 20 year toll worker and ask if $45 an hour is high?
http://query.nytimes.com/gst/fullpage.html?res=990CE3DD1639F93AA25754C0A963958260
Posted by guest , Oct 22, 2008 2:40PM
holy shit! Who invited the crazies? It's a like a feeding frenzy around here. I'm waiting for cluzo to start berating himself.
Posted by guest , Oct 22, 2008 2:41PM
@97
I even hear he catches bullets with his teeth.....
Posted by guest , Oct 22, 2008 2:42PM
paying someone $45/hr for something a plastic basket can do sounds like socialism to me
Posted by guest , Oct 22, 2008 2:43PM
There is a special place in hell for Barney Frank.
Posted by guest , Oct 22, 2008 2:44PM
@96,
not to ignite anymore debate since i don't have the stats in front of me, but your logic is wrong. You have to look at it as a % of the population. i.e. what % of white folks and what % of black (or minority in general) folks live below the poverty line.
Like i said, i don't know what the answer is, but try to use correct logic when making your points, thanks.
Posted by guest , Oct 22, 2008 2:44PM
Don't worry Cluzo
Without Wall st bonuses, there will be no one paying for the toll roads. Hence these collectors do not have much time left.
Hope they are saving every penny.
Posted by Investorcluzo , Oct 22, 2008 2:45PM
@101 - read the story, article is from '95. not that I disagree, unions add costs, why do you think detroit is trying to get rid of them?
Posted by prgy , Oct 22, 2008 2:46PM
Cluzo, then what do you do with all your money? Front row Madonna seat? On-line porn sites? Blow up dolls?
Posted by guest , Oct 22, 2008 2:46PM
@ 101,
thanks for that, just got a good chuckle out of it.
Posted by FUNdamental , Oct 22, 2008 2:46PM
Prgy - thanks for the comments, you may go back to your regularly scheduled feces chucking now.
Posted by guest , Oct 22, 2008 2:48PM
http://www.northjersey.com/news/transportation/16_of_Port_Authority_staff_reap_six-figure_pay.html
http://www.post-gazette.com/pg/08027/852646-147.stm
http://www.dailyrecord.com/news/datauniverse/njturnpike06/
Posted by guest , Oct 22, 2008 2:48PM
@95...agree. This site now officially is not funny. The entire string has been basically bigots and fag jokes with nothing worth reading after no. 15. If you think black people (harlem jokes) and gays are the scourge of america, have a little courage, print your real names and stop hiding behind anonimity. Or better yet, have enough courage to run for office and change policy.
I have to say that it seems the folks here defending capitalism obviously come from the shallow end of the gene pool. Which given what our government is already doing to our markets is a sad thing for capitalism.
Posted by guest , Oct 22, 2008 2:49PM
I want to know where to apply for my own unicorn.
Posted by guest , Oct 22, 2008 2:49PM
All: stop dumpin on Cluz
Cluz: went to Scarpetta last week. Excellent, despite the mpd pedigree. Can't remember if you checked it out or were going to. GAnalYst
Posted by guest , Oct 22, 2008 2:50PM
Long toll booth operators, short Cluzo's i-bank
Posted by Anal_yst , Oct 22, 2008 2:51PM
@101
There be many a job in this world that isn't much different than that, yet people are still employed. Stagnation, complacency, laziness and aversity to change are strong in our economy, "productivity" numbers be BS
Posted by guest , Oct 22, 2008 2:52PM
Until Congress and the Senate get some representatives with financial and accounting backgrounds, they will continue to look like fuckwits in a financial crisis.
Posted by guest , Oct 22, 2008 2:53PM
@95, capitalism, socialism,
doesn't really matter. Anything to keep crime rates lower and people from freaking out.
Posted by guest , Oct 22, 2008 2:54PM
@116
you have no idea what you are talking about
Posted by guest , Oct 22, 2008 2:55PM
@85....what about just New Jersey and maybe Alabama for the unruly
Posted by guest , Oct 22, 2008 2:55PM
A ten kiloton blast would only reach Harford, maybe Providence. And that is only if you have a weaponized trigger with a fission component to detonate the fusion process.
Levin, what's with the Matt Damon quotes?... anymore Departed or are we going back to GWH?
Posted by Lowly Assistant , Oct 22, 2008 2:55PM
@103,
Actually, simple reading comprehension would benefit this situation. As you can see, I'm talking specifically about Harlem, as the previous posters were insinuating the neighborhood to be chock full of dependent, lazy people.
On the other hand, if you want to talk Canarsie, Bushwick, South Bronx, etc., I think my argument would've been crafted a bit differently. I'm not some pandering white guy from Gawker. I just think this particular page has been riddled with ignorant people making huge assumptions that are wildly inaccurate and nauseating. The "black" argument is simply a tiring, boring rally cry from bum-fuck middle America (like that generalization?).
Posted by guest , Oct 22, 2008 2:56PM
Lets stop pretending the problem with the country is the Democratic party that sells the ignorant that they can get something for nothing
Posted by guest , Oct 22, 2008 2:56PM
Lets stop ...pretending the problem with the country is the Democratic party it tells the ignorant that they can get something for nothing
Posted by guest , Oct 22, 2008 2:57PM
@103
http://pubdb3.census.gov/macro/032008/pov/new01_100.htm
approx 10% of whites and 25% of blacks.
I don't understand the point of using race demographics. On absolute terms, there are still more white people living in poverty than black people.
Posted by guest , Oct 22, 2008 2:58PM
i think barney made barclays fire bella. said she was a greedy wall street bitch.
Posted by guest , Oct 22, 2008 2:59PM
@ 117 You have no idea what your talking about. I know what I'm talking about.
-Guy who knows what he's talking about
Posted by guest , Oct 22, 2008 2:59PM
I want my UNICORN
Damn it
Posted by guest , Oct 22, 2008 3:01PM
118 Except that its the coasts, plus a few enlightened places in the middle that are blue. And those are also the places with the highest incomes, best schools. Unfortunately (for us blue state people, including NJ) they also generate the most tax revenue, a lot of which is redistributed to the red states. Including Alaska. You red staters have a lot of nerve complaining.
Posted by guest , Oct 22, 2008 3:02PM
i think barney made barclays fire bella. said she was a greedy wall street bitch.
Posted by guest , Oct 22, 2008 3:02PM
@125
Go fuck yourself you socialist
May as well go and create The New Black Republick
Oh, and please feel free to take Obama with ya
Posted by prgy , Oct 22, 2008 3:03PM
FUNdamental. Thanks, throwing feces is my specialty.
Posted by BlackSwan06 , Oct 22, 2008 3:03PM
@115 Amen brother... I've said it before on another thread - Capitol Hill is a bunch of twenty-something year old staffers running around like chickens without heads feeding information to their bosses so that those bosses can fly by the seat of their pants in a hearing. The percentage of anyone on the Hill who has financial literacy or who can explain basic financial concepts is very close to zero... a staffer's job is to maneuver from staff to staff progressively getting better jobs to build the resume with Big Names in the hopes that when Congressman Big Name gets tapped for a powerful committee or a big ticket, you get brought along.
So when something big happens, they consult Investopedia. Oy vey...
Posted by guest , Oct 22, 2008 3:04PM
@127
You are the elitist racist m-fucker
That's why Obama deserves to win. Because of people like you.
Posted by guest , Oct 22, 2008 3:05PM
Go back to shining my shoes you all.
Posted by guest , Oct 22, 2008 3:07PM
You really believe that Barney and Obama don't know that corporations don't pay taxes .. that only the consumers of their products pay the tax.
They know that any idiot who would vote for them can't figure that out so thats how they tax the morons.
Posted by FUNdamental , Oct 22, 2008 3:09PM
cluz - you off in a corner crying yet?
Posted by guest , Oct 22, 2008 3:09PM
@ 78.... wow, just wow.....
-Moneygrip Wisdom
Posted by guest , Oct 22, 2008 3:10PM
@ 78.... wow, just wow.....
-Moneygrip Wisdom
Posted by guest , Oct 22, 2008 3:11PM
cancel welfare, problem solved
Posted by guest , Oct 22, 2008 3:11PM
@ 129, take it easy homeboy. Don't fight it. It will just hurt more.
-Guy who still knows what he's talkin about.
Posted by bittergreen , Oct 22, 2008 3:11PM
If I got no bonus at all, I'd likely default on my house payments. Oh the irony, Barney.
Although I do follow the perverse logic here, the thing about bonuses is that you can cut them the fuck off when you write-down 18 billion dollars of goodwill, unlike salary. Cause you don't think that motherfuckers are just going to accept their 150k base?
Posted by guest , Oct 22, 2008 3:14PM
@139
Is it true that "if you ever go black, you never go back?"
Also, what's a "homeboy"?
Posted by guest , Oct 22, 2008 3:15PM
95 is right
note to DB--
I'm not sure where the influx of yahoo finance readers are finding links to the site but be careful where you put the name out.
I'd estimate 75% of the value of the site comes from the group of knowledgeable posters (who haven't been blocked at work yet. You don't want to clutter up the place and lose the edge all for a few more hits/ad revenue...
Posted by guest , Oct 22, 2008 3:17PM
As a black man, I would like to have my children with an intelligent, educated white woman.
Where do I get myself one?
Posted by guest , Oct 22, 2008 3:19PM
@141
Too easy, didn't make witty reply.
Posted by guest , Oct 22, 2008 3:21PM
@144
Oh c'mon!
These were legitimate questions!
Posted by diablo , Oct 22, 2008 3:21PM
Cluelesszo @98
@92 gave you the place to look for actual salaries and overtime of the dying breed of NJ toll collectors. Stop pulling numbers out of your ass.
Posted by prgy , Oct 22, 2008 3:24PM
@135, FUNdamental nice to see you jumping on the cluzo band wagon.
Posted by guest , Oct 22, 2008 3:25PM
i saw a bumper sticker this morning "dissent is what created this country"
Posted by guest , Oct 22, 2008 3:25PM
127..you are spot on
Posted by guest , Oct 22, 2008 3:26PM
With Obama in charge does this mean they'll finally get the 40 acres and a mule?
JK, JK, JKKK
Why the fuck is this even a racial discussion? Way to go assholes.
Posted by guest , Oct 22, 2008 3:28PM
@149
Not true
The majority living in the blue states do not attend elite schools, nor do they pay the most taxes (or have jobs for that matter)
That's why they vote the way they do.
Posted by guest , Oct 22, 2008 3:29PM
Because Colin Powell made it so
Posted by guest , Oct 22, 2008 3:30PM
at # 143 my sister is for hire But she doesn't speak E-BONICS.Hope it's not a problem.
Posted by guest , Oct 22, 2008 3:30PM
An Obama presidency will be the world's costliest reparation payment. Write that down.
Posted by guest , Oct 22, 2008 3:31PM
As someone that works in Finance, seeing idiotic statements like that Frank's are painful. That said, if push comes to shove IBs can take the 30bn+ they have already allocated to comp expense, and pay back the 10-20bn checks from the government (which they were mandated to take). Actually not a bad idea politically, and this is a very easy year to pay people down. Only drawback being, the banks that can't afford this are exposed, and go back under pressure, and the whole system is destabalized again (nice one Barney). That said, I'd rather they just pay me more comp in salary- NY taxes the hell out of bonus anyway.
Posted by guest , Oct 22, 2008 3:31PM
Colin Powell is an asshole. He so desperately wants a job that he is willing to spit into his own well.
Posted by guest , Oct 22, 2008 3:34PM
@153:
#143 said he wanted to have children with a white woman.
Not hire (or marry) anyone.
Posted by guest , Oct 22, 2008 3:34PM
@140--if your wife isnt too grossly obese, she could service the truckers by the Holland Tunnel. Actually, you could too to make money for your mortgage. Now, go back and keep cleaning up my lunch and make some fresh coffee.
Posted by guest , Oct 22, 2008 3:39PM
@158:
Are you discriminating agaist obese, you racist?
Posted by guest , Oct 22, 2008 3:45PM
@158 - No trucks in the Holland Tunnel
- Guy who points out technicalities and is scared to enter actual debate
Posted by guest , Oct 22, 2008 3:46PM
Just look at Africa, wow...
Posted by guest , Oct 22, 2008 3:46PM
@143
Spot on. Who are half these fucking morons?
Posted by guest , Oct 22, 2008 3:49PM
@160
Don't be scared and may Obama be with you.
Posted by guest , Oct 22, 2008 3:49PM
@158 - No trucks in the Holland Tunnel
- Guy who points out technicalities and is scared to enter actual debate
Posted by guest , Oct 22, 2008 3:55PM
The hate in this thread is unbelievable.
Speaking of which...this could solve our current crisis
http://www.youtube.com/watch?v=oHg5SJYRHA0&feature=related
Posted by guest , Oct 22, 2008 3:56PM
@164
ok, we got your point back @160.
Posted by guest , Oct 22, 2008 3:58PM
151 I would agree that the majority of those living in blue states do not attend elite schools. As to where the people that do attend are from, I havent a clue. I would say however that its a good bet that when they graduate they wind up in blue states, cause thats where the good jobs are. As to your point on blue state people not paying the most taxes: you are totally wrong there. Its well documented that they do and in fact those revenues are widely redistributed to the red states.
Posted by guest , Oct 22, 2008 4:04PM
@167
The point is that the majority of people living in the blue states do not pay the majority of taxes.
Instead, a (quite) small percentage of the blue state people enjoys very well paid jobs and pays lots in taxes. The rest of the blue-state population is shit out of luck.
The small percentage of very wealthy people living in the blue states votes republican.
Posted by guest , Oct 22, 2008 4:07PM
161....true dat! has to be the biggest waste of a land mass on the planet. not racist but cant think of a single positive thing that has ever come from there....Aids....maybe depending on the situation.
Posted by guest , Oct 22, 2008 4:11PM
DB has officially hit rock bottom
Posted by guest , Oct 22, 2008 4:14PM
@ 170, oh yeah cause this has never happened before.
Posted by guest , Oct 22, 2008 4:14PM
@170- try just reading the posts (this one was great) and not the retarded comments.
Posted by guest , Oct 22, 2008 4:21PM
168 So you think its the few at the top that drives the median income in NY, NJ, CT, MD, CA into the top decile? Thats just plain wrong. And the "rest of them are SOOL" comment is laughable. You need to get out more.
Posted by guest , Oct 22, 2008 4:25PM
@168
dos'nt know difference between median and average yet allowed to vote
Posted by guest , Oct 22, 2008 4:26PM
@173
Give me a break; this is eco and polisci, both 101.
A simple example:
Granted, maids in Connecticut get paid more that maids in Alabama, and for two reasons: a) there is a higher demand for maids in Connecticut than there is in Alabama, and b) the folks that employ maids pay high taxes (well, maids do too).
Betcha that most folks with servants vote repulican.
Posted by guest , Oct 22, 2008 4:27PM
174 Actually, sounds like hes been voting R. Probably in Staten Island.
Posted by guest , Oct 22, 2008 4:34PM
@174 - 176
Actually, I live in Harlem and support Obama. So go fuck yourself, and yes, I have a right to vote and will use it to get rid of folks like you three.
Posted by guest , Oct 22, 2008 4:34PM
175 This is simple: median and average are not the same thing. A handful of billionaires in CT or NJ dont drive the median wage up to first and second in the US. Its the general prosperity in those places, which is the result of smart people, good jobs. That in turn results in more taxes which are then redistribted to the red states. And then, instead of saying thank you, the red state voter would have you believe that hes the real American. Its laughable. Or maybe just dumb. Like you.
Posted by guest , Oct 22, 2008 4:39PM
@178
Clearly, you have no idea what domestic help costs in CT, and given your reasoning capacity, will never have an opportunity to find out. The fact is that an experienced domestic servant grosses (in median terms, if you please) about twice what a factory worker grosses in the middle of the country.
Obviously the median income in Connecticut will be higher than elsewhere.
What you are missing is that the servant's employer grosses 10,000 times what the servant gets paid.
The servant votes Dem and the master votes McCain/Palin.
OK?
Now go fuck yourself.
Posted by guest , Oct 22, 2008 4:41PM
@177...How does Barneys frank taste?
Posted by guest , Oct 22, 2008 4:42PM
@178
Who do you think creates "good jobs" that "result" in "prosperity in those places" where ungrateful little pricks like you then have freedom to vote for socialists?
Not socialists.
Republicans do, you moron.
Posted by guest , Oct 22, 2008 4:44PM
@ 178 get a clue- Take a look at Jersey. An extremely small number of huge tax payers, individual tax payers, make up a very disproportionate percentage of total state revenue.
Call Corzine and ask him how worried he is. No joke, you've got guys cutting checks in the tens of millions every year. If a good percentage of them leave, or have no income, the state is very much in trouble.
When you have a heavily progressive tax system & your top milk cows get shot, your bottom 50 isn't there to pick up the slack. It's an income tax. No income, no tax.
http://www.census.gov/hhes/www/income/statemedfaminc.html
Other than the Jerz & CT nothing too special about the northeast.
Posted by guest , Oct 22, 2008 4:49PM
179 Actually, the choice of Palin, who's basically an empty headed fool, as a running mate precluded McCain from being a reasonable choice. I doubt that anyone with half a brain would even consider him.
Posted by guest , Oct 22, 2008 4:51PM
@183
You are quite mistaken.
Palin is a very intelligent woman, and many people would love to see her become President.
For one, she's way more qualified than any socialists in the running.
Posted by guest , Oct 22, 2008 4:54PM
@176
Now you can plainly see what the problem is.. democrats know their constituents are dumber than a bag full of rocks.. promise them utopia .. and like little empty headed idiots they vote for them.. not realizing that in the end .. Obams anfd Frank live off them .. and it goes deep into their ends.
Posted by guest , Oct 22, 2008 4:58PM
182 From NY, NJ and CT, where are they gonna go? Florida? Its a long commute from there to a good job on Wall Street.
Posted by guest , Oct 22, 2008 4:59PM
184 Yeah, she looked quite intelligent in the Couric interview and the debate. She shocked me in fact with her command of the issues.
Posted by guest , Oct 22, 2008 5:03PM
@187
How many times can you wave this Couric interview?
Since then, Palin gave a substantial number of pretty brilliant interviews. And, she has content! And she is hot! And, most importantly, she is pro-business.
I think the choice here is clear.
If you like socialism, why don't you go say 'da' to Putin?
Posted by guest , Oct 22, 2008 5:06PM
Palin is not a very intelligent woman. Her mind is completely ordinary and uninformed. Only a small handful of people would like to see her Vice-President, and even fewer would like to see her President.
I cannot believe the number of people picking on Cluzo and interjecting racism and homophobia into this thread.
It's pretty despicable.
Posted by guest , Oct 22, 2008 5:07PM
@186:
You are the Obama voter personified: a moron who believes that jobs grow on Wall Street themselves, and that people live in the tri-state area because it's more convenient for them to come and pick the Wall St jobs!
JOBS ARE CREATED BY BUSINESS-MINDED PEOPLE.
And you asshole and all of your Obama-wielding colleagues are dumbasses who cannot see that.
Vote McCain/Palin.
Posted by guest , Oct 22, 2008 5:09PM
186...R/E in FL is where it's at. $175K to $250K by the end of the 2nd quarter not by year end.Oh...Oh yea....Sorry.....that was prior to 2006. I miss 2005..........tearing up
Posted by guest , Oct 22, 2008 5:12PM
@189
Palin is a brilliant woman.
And you, go back to your stove and to shining my shoes. Yes, all at the same time.
Posted by guest , Oct 22, 2008 5:12PM
This is like bizarro land here.
190 Have you ever looked at job creation over the past 8 (R) years? The nation is hemorageing (sp?) jobs.
188 Where are these brilliant interviews? Reality is that Palin has been totally shielded from the press and limits her exposure to sympathetic audiences. Made up largely of angry, disaffected males who seem for some reason to eat up the pablum she feeds them.
Posted by guest , Oct 22, 2008 5:14PM
191 Yeah and a lot of minimum wage jobs to pay for it with. If you can get one in competition with a new retiree, looking for something other than golf of knitting to pass the time with.