POLITICAL PARTY POOPER

WE WON'T BE SAFE WHILE POLITICAL PARTIES ARE LEGAL

Investors (Owners) Fucked By Wall Street Again

Posted by politicalpartypooper on February 23, 2010

$150 Billion in new Wall Street bonuses for 2009.  52 Million American households invest in stocks.  That’s $2,880 for every investing household on average, which, for 2009, has been redistributed to wealthy Wall Street.  In other words, normal American investors just saw an average of $2,880 withheld from their return on investment without a vote on it, because shareholders (OWNERS) do not, as a general rule, have a vote on bonus payments and executive compensation.

Let me put it to you in a different way:

Owners of Wall Street, which, of course, are the shareholders of these institutions, have just been robbed, and the police are nowhere in sight.

$150 Billion is 5% of the Federal budget for 2010.

52 Million American households have had a break-in, and their Neighborhood Watch system failed to stop it.  That’s because the thieves wear suits, are carted around in Limos, and are currently enjoying your $2,880 by shitting in their solid gold toilet.  Welcome to America, Land of Opportunity, the place where the wealthy rob the Middle Class blind, and Conservatives everywhere cheer them on.

Investors welcome…especially around bonus time!

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21 Responses to “Investors (Owners) Fucked By Wall Street Again”

  1. Jonah said

    Ever consider the fact that it was hush money? It was the government that forced banks to lend, and sold them the mortgage backed securities from fannie and freddie, who by the way, has
    recieved the lions share of the bailout….

    The Obama administration says it is removing the $400 billion financial cap it will provide to Fannie Mae and Freddie Mac to keep the mortgage giants from failing.

    Treasury Department officials said the cap will be replaced with a flexible formula to ensure the companies will have all the government support needed to stand behind the billions of dollars in mortgage-backed securities they sell to investors.

    • politicalpartypooper said

      Nope, Jonah, not hush money. Wall Street has operated this way for a long, long time.

      • Jonah said

        So you think that if they went under, they certainly wouldn’t have sued the government. Think about it. They certainly had grounds to due so.

      • Jonah said

        or was it this:

        government support needed to stand behind the billions of dollars in mortgage-backed securities they sell to investors

  2. politicalpartypooper said

    Jonah,

    Do you see the point of this post? That 52 Million American households just got screwed out of an average $2880 each?

    What have I been telling you about the wealth of the Middle class being plundered? Most of those households are Middle Class.

    • Jonah said

      I see you trying to make a point, but I don’t think you understand that there’s not a direct correlation between the money my father has invested in the market, and the monies
      used to distribute in bonus’s on Wallstreet. If my father invests in GE, you’re trying
      to tell me and everyone else that GE’s stock price is suffering because Keith Olberman makes $7 million a year. Well, maybe you’re right after all.

      • politicalpartypooper said

        No, Jonah, I’m telling you that if your father invests in banks and Wall Street firms (most Americans do through the many, many mutual funds that do), then his returns are lower by $2880 because of those bonuses.

      • Jonah said

        Listen, my friends brother IPO’d a company back in 1994 at $15 a share, it went to
        around $128. After 6 months, he cashed out. $50 million. Was in Forbes. Those
        shares were purchased by others. The value of the stock did not suffer, in fact the company was sold at a profit to Intel.

      • Jonah said

        He then took that and started another company that now employs over 50 people, making avaition instrumention.

      • politicalpartypooper said

        Jonah,

        Wall Street has nothing to do with your friend’s brother’s IPO. Sure, they may buy and sell its stock, but your friend’s company is not a bank or trading firm on Wall Street. Your friend’s company more than likely did not pay it’s executives $30 Million bonuses. This post is focused on one place…the banks and investment houses of Wall Street, all of which were bailed out, all of which have been stealing from shareholders for decades. And in 2009, they paid themselves a combined $150 Billion in bonuses, PROFIT that should have instead gone to shareholders, or at least the lion’s share of it.

      • Jonah said

        Okay I see what you mean, they should have paid out in dividends. Now you’re
        catching me a negligent point of view.

      • Jonah said

        The government taxes dividends, right?

        They probably recieved $7.5 million for free from my friends brother too.
        ( who had to pay his way through MIT, and develop the first RAS modem hardware
        and software for both the PC and the MAC (appletalk) )

      • politicalpartypooper said

        Yes, they tax dividends at your normal income level…yet another way that the Middle Class is screwed. Capital Gains (the kind that wealthy people like Warren Buffet normally make) are only taxed at 15%

      • Jonah said

        How old is Warren Buffet? Warren Buffet is 80 years old!
        Do you think he’s paid only 15% his entire life?
        Truthfully, that’s kind of what you imply.
        I remember when social security benefits started being taxed on retirees,
        like my father, and my mother. Whose brilliant idea was that?

        Why do, possibly you, and the government, feel so entitled to peoples earnings?!

        It’s just like mafia. You pay, or else. Same with businesses, our local paper
        is littered with 10 pages of small print lisitngs of businesses and properties
        that have unpaid taxes. If they are not paid, they are confiscated.

        America has changed over the last 50 years. And not for the better.

      • Jonah said

        That is NOT what freedom is about.

      • politicalpartypooper said

        I quote

        “Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

        Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. ”

        http://www.timesonline.co.uk/tol/money/tax/article1996735.ece

      • Jonah said

        Buffets 17.7 percent amounted to how much?

        sheesh. Pure Deception.

      • Jonah said

        $60 grand is in the 30% tax bracket? hmmm

        What does Buffet pay in property, state and sales taxes?

      • Jonah said

        Buffet is 80 years old!

  3. Jonah said

    Some EXCELLENT reading:

    Billionaires Warren Buffet, Gorge Soros, Sahit Muja very disillusioned with US Government. Warren Buffett stood next to Barack Obama during the 2008 presidential election, but he was a long distance away from Obama during an interview on CNBC
    Warren Buffett said in the interview that the public is “very disillusioned” with government – especially Congress – because Washington has been conducting business as usual.

    “The stimulus bill was old style Washington – Washington squared,” he said, with Congressmen handing out about 8,000 favors to their constituents through a bill that was supposed to be building jobs and the economy.

    Buffett did not criticize Obama directly and said some of the nation’s economic ills must be resolved by the long process of consumers, banks and businesses working their way through years of excessive debt, or leverage.

    Albanian Billionaire in NY Sahit Muja is strong supporter of flat tax system like in Albania.

    Is a 10% tax system possible in the US and EU?

    Let’s shed some light using the example of Albania, a former Communist country which moved to capitalism recently in a move aimed at creating a friendlier investment climate, creating jobs, and making the economy more competitive.

    The Albanian Government lead by Prime Minister Sali Berisha approved a fiscal package in 2007 that included implementing a 10% flat tax for corporate and personal income. That is the lowest level of taxes in Europe. From 2007 Albania has the best economic growth in Europe. Investments have increased 59% in 2009–the largest increase in the world.

    Tourism in Albania also had the best increase in the world with 42% growth last year. Unemployment has dropped in recent years. The Albanian government is looking to have a smaller administration and digitized all government agencies to spend less and have more effective government with less bureaucracy. The Albanian Government is spending most of the tax revenues on infrastructure and education, not on worthless social programs like in the US and EU.

    http://online.wsj.com/community/groups/billionaires-president-obama-831/topics/billionaires-warren-buffet-gorge-soros

  4. Jonah said

    Hey PPP. Church temples?

    US diplomats add a moat to their expenses at $1bn London embassy

    http://www.timesonline.co.uk/tol/news/uk/article7038550.ece

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