You know what? As disgusted as I am that some of these Wall Street guys were all bitching about the idea that their bonuses would be cut during the bailout… The way I see it, there really isn’t any difference between them and some of the folks who presumably are public employees defending your right to collect on these over promised under-delivered pension obligations made by our government.
I have colleagues that worked as employees to a lot of these Wall Street “banks”..And a lot of them had “guaranteed bonuses” as part of their hiring contract, regardless of how the companies performed. It’s really no different than some of you public service employees that had a guarantee return on your pension plan, even though the local/state government had no idea it would not be able to honor the contract. The only difference is the amount, which I think a lot of folks would balk at the amount of the bonus guarantee…
Conclusion:
a) if you’re a wall street employee that received your guaranteed bonus, dont be bitching about public service employee pensions…
b) if you’re a public service employee receiving a guaranteed pension with a guaranteed rate of return, don’t be bitching about wall street employees getting their bonus..
A contract is a contract is a contract. And so it applies both way, if you expect the contract of wall street employees to be broken, than you should expect the unreasonable public service pension contracts to be equally broken and rewritten, and vice versa…
Taxpayers unfairly bailed out wall street banks when they couldn’t meet their obligations promised. And Taxpayers are also going to be bailing out the government when they can’t meet their pension obligations….
Anything else is pure hypocrisy and outright jealousy (only in the amount of the received).
And it’s nothing more than demonstrating “do as I say not as I do” type of mentality imho.
For everyone else that doesn’t belong in either catagories, and essentially bending over twice for a gangbang on both sides…bitch away, as long as you bitch consistently.
