[davelj]

[quote=jpinpb][quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.[/quote]

I think the problem is the ease with which blame can be identified and directly assigned.

The deadbeat homeowners are easy. Living in a house for years on end without making mortgage payments is clearly wrong (albeit technically legal up until foreclosure). If you can’t make the payments, give the keys to the bank and let them sell it to someone else. Don’t fight it through some bogus claim that it’s “yours” and you “deserve” a modification. Move out and let both parties – borrower and lender – move on. So, Joe Deadbeat is easily identified and his actions are transparently wrong. And the issue is easy to understand.

Where the “financiers” (or “banksters”) are concerned, things are more complicated. Sure, there are some easily-identifiable villains: Dick Fuld, Joe Cassano, Stan O’Neal, Angelo Mozilo, and a handful of others. But the rest – that teeming herd of banksters that works just beneath the media radar – are more difficult to identify. And it’s harder to assign specific blame for their actions at an individual level. And that is because for the vast majority of them – as sad as this is – they didn’t actually know they were doing anything wrong. For example, I’m sure that most of the folks in AIG’s Financial Products division were very smart and diligent. They weren’t actually trying to blow up the financial system. But in hindsight we know that very few of them were smart enough to know that their products were flawed and could bring down the financial system in the grander scheme of things. Now, some of this might have been the result of willful ignorance. (It’s hard to convince someone to understand something if their compensation is based on not understanding it.) But I think more of it was just pure ignorance regarding the big picture. And THAT layer of folks has tens of thousands of people throughout Wall Street. So, compared to Joe Deadbeat, not only is it harder to specifically identify that next layer of bankster misfits, what they were/are doing is more difficult to understand to the average person on the street. I would bet that less than 1% of the US Population actually understands the role that John Paulson and Magnetar played in making the whole financial crisis substantially worse than it would have been without them.

Sure, we here at the Pigg bitch about banksters. But to the man on the street, Joe Deadbeat is easier to identify and understand. There is plenty of outrage amongst the populace regarding the financiers… but aside from the obvious villains it’s harder to pin down individuals for specific evil actions.

[davelj]

[quote=jpinpb][quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.[/quote]

I think the problem is the ease with which blame can be identified and directly assigned.

The deadbeat homeowners are easy. Living in a house for years on end without making mortgage payments is clearly wrong (albeit technically legal up until foreclosure). If you can’t make the payments, give the keys to the bank and let them sell it to someone else. Don’t fight it through some bogus claim that it’s “yours” and you “deserve” a modification. Move out and let both parties – borrower and lender – move on. So, Joe Deadbeat is easily identified and his actions are transparently wrong. And the issue is easy to understand.

Where the “financiers” (or “banksters”) are concerned, things are more complicated. Sure, there are some easily-identifiable villains: Dick Fuld, Joe Cassano, Stan O’Neal, Angelo Mozilo, and a handful of others. But the rest – that teeming herd of banksters that works just beneath the media radar – are more difficult to identify. And it’s harder to assign specific blame for their actions at an individual level. And that is because for the vast majority of them – as sad as this is – they didn’t actually know they were doing anything wrong. For example, I’m sure that most of the folks in AIG’s Financial Products division were very smart and diligent. They weren’t actually trying to blow up the financial system. But in hindsight we know that very few of them were smart enough to know that their products were flawed and could bring down the financial system in the grander scheme of things. Now, some of this might have been the result of willful ignorance. (It’s hard to convince someone to understand something if their compensation is based on not understanding it.) But I think more of it was just pure ignorance regarding the big picture. And THAT layer of folks has tens of thousands of people throughout Wall Street. So, compared to Joe Deadbeat, not only is it harder to specifically identify that next layer of bankster misfits, what they were/are doing is more difficult to understand to the average person on the street. I would bet that less than 1% of the US Population actually understands the role that John Paulson and Magnetar played in making the whole financial crisis substantially worse than it would have been without them.

Sure, we here at the Pigg bitch about banksters. But to the man on the street, Joe Deadbeat is easier to identify and understand. There is plenty of outrage amongst the populace regarding the financiers… but aside from the obvious villains it’s harder to pin down individuals for specific evil actions.

[davelj]

[quote=jpinpb][quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.[/quote]

I think the problem is the ease with which blame can be identified and directly assigned.

The deadbeat homeowners are easy. Living in a house for years on end without making mortgage payments is clearly wrong (albeit technically legal up until foreclosure). If you can’t make the payments, give the keys to the bank and let them sell it to someone else. Don’t fight it through some bogus claim that it’s “yours” and you “deserve” a modification. Move out and let both parties – borrower and lender – move on. So, Joe Deadbeat is easily identified and his actions are transparently wrong. And the issue is easy to understand.

Where the “financiers” (or “banksters”) are concerned, things are more complicated. Sure, there are some easily-identifiable villains: Dick Fuld, Joe Cassano, Stan O’Neal, Angelo Mozilo, and a handful of others. But the rest – that teeming herd of banksters that works just beneath the media radar – are more difficult to identify. And it’s harder to assign specific blame for their actions at an individual level. And that is because for the vast majority of them – as sad as this is – they didn’t actually know they were doing anything wrong. For example, I’m sure that most of the folks in AIG’s Financial Products division were very smart and diligent. They weren’t actually trying to blow up the financial system. But in hindsight we know that very few of them were smart enough to know that their products were flawed and could bring down the financial system in the grander scheme of things. Now, some of this might have been the result of willful ignorance. (It’s hard to convince someone to understand something if their compensation is based on not understanding it.) But I think more of it was just pure ignorance regarding the big picture. And THAT layer of folks has tens of thousands of people throughout Wall Street. So, compared to Joe Deadbeat, not only is it harder to specifically identify that next layer of bankster misfits, what they were/are doing is more difficult to understand to the average person on the street. I would bet that less than 1% of the US Population actually understands the role that John Paulson and Magnetar played in making the whole financial crisis substantially worse than it would have been without them.

Sure, we here at the Pigg bitch about banksters. But to the man on the street, Joe Deadbeat is easier to identify and understand. There is plenty of outrage amongst the populace regarding the financiers… but aside from the obvious villains it’s harder to pin down individuals for specific evil actions.

[davelj]

[quote=jpinpb][quote=gandalf]Just wondering, where’s the outrage re: financial services corporations and the bullshit mortgage securitization racket these criminals ran for more than a decade? Where are the consequences for Wall Street?

…… Just wondering, where are all of the ‘Angry People’ when it comes to banks? Countrywide? AIG? Goldman Sachs?
[/quote]

I think they’re all too busy being up in arms about cops and firemen risking their lives for their exorbitant wages.[/quote]

I think the problem is the ease with which blame can be identified and directly assigned.

The deadbeat homeowners are easy. Living in a house for years on end without making mortgage payments is clearly wrong (albeit technically legal up until foreclosure). If you can’t make the payments, give the keys to the bank and let them sell it to someone else. Don’t fight it through some bogus claim that it’s “yours” and you “deserve” a modification. Move out and let both parties – borrower and lender – move on. So, Joe Deadbeat is easily identified and his actions are transparently wrong. And the issue is easy to understand.

Where the “financiers” (or “banksters”) are concerned, things are more complicated. Sure, there are some easily-identifiable villains: Dick Fuld, Joe Cassano, Stan O’Neal, Angelo Mozilo, and a handful of others. But the rest – that teeming herd of banksters that works just beneath the media radar – are more difficult to identify. And it’s harder to assign specific blame for their actions at an individual level. And that is because for the vast majority of them – as sad as this is – they didn’t actually know they were doing anything wrong. For example, I’m sure that most of the folks in AIG’s Financial Products division were very smart and diligent. They weren’t actually trying to blow up the financial system. But in hindsight we know that very few of them were smart enough to know that their products were flawed and could bring down the financial system in the grander scheme of things. Now, some of this might have been the result of willful ignorance. (It’s hard to convince someone to understand something if their compensation is based on not understanding it.) But I think more of it was just pure ignorance regarding the big picture. And THAT layer of folks has tens of thousands of people throughout Wall Street. So, compared to Joe Deadbeat, not only is it harder to specifically identify that next layer of bankster misfits, what they were/are doing is more difficult to understand to the average person on the street. I would bet that less than 1% of the US Population actually understands the role that John Paulson and Magnetar played in making the whole financial crisis substantially worse than it would have been without them.

Sure, we here at the Pigg bitch about banksters. But to the man on the street, Joe Deadbeat is easier to identify and understand. There is plenty of outrage amongst the populace regarding the financiers… but aside from the obvious villains it’s harder to pin down individuals for specific evil actions.

[davelj]

[quote=CA renter]

The only people who think these are easy jobs are the ones who have never done them. Sorry, but the whining needs to stop. If anyone thinks it’s so easy, give up the realtor/flipper jobs during the bubbles and apply. Let’s hear you talk about how easy and overcompensated it is after you’ve actually had some experience with it.[/quote]

Again, no one’s saying the jobs are “easy.” But “overcompensated” is a different subject, entirely. Overcompensated is a supply and demand issue. “Easy” is personal and subjective. If there are lots of people qualified and capable of doing a job for less money than the stated compensation, then that compensation just might be too high.

I’m 100% certain that the folks I do work for would hire someone else to do the work for less money if they could get the same quality. Why that shouldn’t apply to public sector jobs, I don’t know.

[davelj]

[quote=CA renter]

The only people who think these are easy jobs are the ones who have never done them. Sorry, but the whining needs to stop. If anyone thinks it’s so easy, give up the realtor/flipper jobs during the bubbles and apply. Let’s hear you talk about how easy and overcompensated it is after you’ve actually had some experience with it.[/quote]

Again, no one’s saying the jobs are “easy.” But “overcompensated” is a different subject, entirely. Overcompensated is a supply and demand issue. “Easy” is personal and subjective. If there are lots of people qualified and capable of doing a job for less money than the stated compensation, then that compensation just might be too high.

I’m 100% certain that the folks I do work for would hire someone else to do the work for less money if they could get the same quality. Why that shouldn’t apply to public sector jobs, I don’t know.

[davelj]

[quote=CA renter]

The only people who think these are easy jobs are the ones who have never done them. Sorry, but the whining needs to stop. If anyone thinks it’s so easy, give up the realtor/flipper jobs during the bubbles and apply. Let’s hear you talk about how easy and overcompensated it is after you’ve actually had some experience with it.[/quote]

Again, no one’s saying the jobs are “easy.” But “overcompensated” is a different subject, entirely. Overcompensated is a supply and demand issue. “Easy” is personal and subjective. If there are lots of people qualified and capable of doing a job for less money than the stated compensation, then that compensation just might be too high.

I’m 100% certain that the folks I do work for would hire someone else to do the work for less money if they could get the same quality. Why that shouldn’t apply to public sector jobs, I don’t know.

[davelj]

[quote=CA renter]

The only people who think these are easy jobs are the ones who have never done them. Sorry, but the whining needs to stop. If anyone thinks it’s so easy, give up the realtor/flipper jobs during the bubbles and apply. Let’s hear you talk about how easy and overcompensated it is after you’ve actually had some experience with it.[/quote]

Again, no one’s saying the jobs are “easy.” But “overcompensated” is a different subject, entirely. Overcompensated is a supply and demand issue. “Easy” is personal and subjective. If there are lots of people qualified and capable of doing a job for less money than the stated compensation, then that compensation just might be too high.

I’m 100% certain that the folks I do work for would hire someone else to do the work for less money if they could get the same quality. Why that shouldn’t apply to public sector jobs, I don’t know.

[davelj]

[quote=CA renter]

The only people who think these are easy jobs are the ones who have never done them. Sorry, but the whining needs to stop. If anyone thinks it’s so easy, give up the realtor/flipper jobs during the bubbles and apply. Let’s hear you talk about how easy and overcompensated it is after you’ve actually had some experience with it.[/quote]

Again, no one’s saying the jobs are “easy.” But “overcompensated” is a different subject, entirely. Overcompensated is a supply and demand issue. “Easy” is personal and subjective. If there are lots of people qualified and capable of doing a job for less money than the stated compensation, then that compensation just might be too high.

I’m 100% certain that the folks I do work for would hire someone else to do the work for less money if they could get the same quality. Why that shouldn’t apply to public sector jobs, I don’t know.

[davelj]

[quote=jpinpb][quote=davelj]Have YOU applied for one of these jobs? Are YOU working one of these jobs? Enquiring minds and all…[/quote]

I have not applied for the job. I have done several ride-alongs and decided whatever those guys get paid, it’s not enough and they can keep that job. It is hard work, long hours, stressful, not to mention risky. I wouldn’t do it and there’s not enough money they can pay me to do it. Clearly, they’re not paying enough to entice you to do it either, so I appreciate your honesty there, and I would venture others here wouldn’t do it.

I have even less interest in becoming a fireman/paramedic. However many hours they are not fighting a fire pales in comparison to when they are actually doing it. I wouldn’t want to fight a fire even for 10 minutes.

I have often thought of teaching, but I don’t know if I have the patience to do it. There also, I don’t know how a teacher could afford a house in a decent part of San Diego on their salary.[/quote]

And yet the competition for these jobs is fierce. For whatever reason, lots and lots of folks love to be firemen, paramedics, police officers and teachers. I accept it for what it is.

[davelj]

[quote=jpinpb][quote=davelj]Have YOU applied for one of these jobs? Are YOU working one of these jobs? Enquiring minds and all…[/quote]

I have not applied for the job. I have done several ride-alongs and decided whatever those guys get paid, it’s not enough and they can keep that job. It is hard work, long hours, stressful, not to mention risky. I wouldn’t do it and there’s not enough money they can pay me to do it. Clearly, they’re not paying enough to entice you to do it either, so I appreciate your honesty there, and I would venture others here wouldn’t do it.

I have even less interest in becoming a fireman/paramedic. However many hours they are not fighting a fire pales in comparison to when they are actually doing it. I wouldn’t want to fight a fire even for 10 minutes.

I have often thought of teaching, but I don’t know if I have the patience to do it. There also, I don’t know how a teacher could afford a house in a decent part of San Diego on their salary.[/quote]

And yet the competition for these jobs is fierce. For whatever reason, lots and lots of folks love to be firemen, paramedics, police officers and teachers. I accept it for what it is.

[davelj]

[quote=jpinpb][quote=davelj]Have YOU applied for one of these jobs? Are YOU working one of these jobs? Enquiring minds and all…[/quote]

I have not applied for the job. I have done several ride-alongs and decided whatever those guys get paid, it’s not enough and they can keep that job. It is hard work, long hours, stressful, not to mention risky. I wouldn’t do it and there’s not enough money they can pay me to do it. Clearly, they’re not paying enough to entice you to do it either, so I appreciate your honesty there, and I would venture others here wouldn’t do it.

I have even less interest in becoming a fireman/paramedic. However many hours they are not fighting a fire pales in comparison to when they are actually doing it. I wouldn’t want to fight a fire even for 10 minutes.

I have often thought of teaching, but I don’t know if I have the patience to do it. There also, I don’t know how a teacher could afford a house in a decent part of San Diego on their salary.[/quote]

And yet the competition for these jobs is fierce. For whatever reason, lots and lots of folks love to be firemen, paramedics, police officers and teachers. I accept it for what it is.

[davelj]

[quote=jpinpb][quote=davelj]Have YOU applied for one of these jobs? Are YOU working one of these jobs? Enquiring minds and all…[/quote]

I have not applied for the job. I have done several ride-alongs and decided whatever those guys get paid, it’s not enough and they can keep that job. It is hard work, long hours, stressful, not to mention risky. I wouldn’t do it and there’s not enough money they can pay me to do it. Clearly, they’re not paying enough to entice you to do it either, so I appreciate your honesty there, and I would venture others here wouldn’t do it.

I have even less interest in becoming a fireman/paramedic. However many hours they are not fighting a fire pales in comparison to when they are actually doing it. I wouldn’t want to fight a fire even for 10 minutes.

I have often thought of teaching, but I don’t know if I have the patience to do it. There also, I don’t know how a teacher could afford a house in a decent part of San Diego on their salary.[/quote]

And yet the competition for these jobs is fierce. For whatever reason, lots and lots of folks love to be firemen, paramedics, police officers and teachers. I accept it for what it is.

[davelj]

[quote=jpinpb][quote=davelj]Have YOU applied for one of these jobs? Are YOU working one of these jobs? Enquiring minds and all…[/quote]

I have not applied for the job. I have done several ride-alongs and decided whatever those guys get paid, it’s not enough and they can keep that job. It is hard work, long hours, stressful, not to mention risky. I wouldn’t do it and there’s not enough money they can pay me to do it. Clearly, they’re not paying enough to entice you to do it either, so I appreciate your honesty there, and I would venture others here wouldn’t do it.

I have even less interest in becoming a fireman/paramedic. However many hours they are not fighting a fire pales in comparison to when they are actually doing it. I wouldn’t want to fight a fire even for 10 minutes.

I have often thought of teaching, but I don’t know if I have the patience to do it. There also, I don’t know how a teacher could afford a house in a decent part of San Diego on their salary.[/quote]

And yet the competition for these jobs is fierce. For whatever reason, lots and lots of folks love to be firemen, paramedics, police officers and teachers. I accept it for what it is.

[davelj]

[quote=jpinpb]Oh, there are many applicants that go down there thinking it’s going to be an easy way to make money. Then the widdle away at the so many applicants b/c they can’t pass the written or physical aspects of this “easy” job.

When did you go down to apply, dave, and how did you do? Did they call you back?

How many Piggs have gone down and applied? I’m tempted to start a poll to see how many have even attempted to apply at these competitive easy and high paying jobs.[/quote]

First of all, no one is saying these jobs are “easy,” so I’m not sure why you’re using quotes. But for whatever reason, lots of folks want these jobs. It takes all kinds, I suppose.

I personally know a police officer that’s been on the force for over 20 years who said, and I paraphrase, “There are so many QUALIFIED (my emphasis) folks for each position that it’s not easy to make hiring decisions.” Straight from the horse’s mouth. That’s my data point.

No, I’ve never applied for one of those positions. I have no interest in them and, frankly, the pay is insufficient for me from an opportunity cost standpoint. But clearly lots of folks feel differently.

Have YOU applied for one of these jobs? Are YOU working one of these jobs? Enquiring minds and all…

[Author]

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