Sunday, January 24, 2010

Sense of Entitlement?

Actually, the banks are entitled to maximize profits for their shareholders as agreed to by their respective corporate boards. They've repaid the bailout monies (some were forced to participate you know), and should no longer be persecuted.

If you want to propose new bank regulations, that's fine, see if you've got the votes and and if you do ram it through. That's the prerogative of the Congress, but let's quit this talk of fees and windfall bonuses.

And while we're at it, what about some fees levied against GM and Chrysler and add some extra taxes against UAW workers so that they can repay their "entitlements"?

in reference to: Editorial - Bankers’ Sense of Entitlement - NYTimes.com (view on Google Sidewiki)

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