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He's baaaack. Rick Santelli, the right wing hero and the man who too cowardly to represent CNBC on The Daily Show is now calling the payouts of bonuses to AIG executives nothing more than a bathroom product compared to other monies being spent. He says he's outraged as anyone over it though, but a contract is a contract.
SANTELLI: Now, think about it this way. Maybe I'm missing something. But the outrage seems to be about M's, millions of dollars, right? $165 million, OK? But I would think that it should be looked at as a pretty big positive, because when you go from the M, maybe you should try to go to the B's, which is the billions of dollars, and maybe that's going to even enlighten it for the T, trillions of dollars. You know, $165 million is like worrying about 16.5 cents, while $165 maybe necessitates a little more outrage. What do you guys think?
Watch the beginning of the clip and notice how CNBC's Melissa Francis and MSNBC's Contessa Brewer defend Santelli calling Americans who got underwater in the housing market as "losers," by saying it was just in the heat of the moment.
Brewer: ...he called them losers... Francis: I think he regretted that word. Brewer:...and his rants, well you know sometimes we say things in the heat of the moment that is easy to regret...
CNBC ran an ad promotion based on Santelli's Rebel Yell rant so do you think he regretted it at all?
Francis: This time Santelli's making waves, trying to put the AIG bonus outrage into perspective.... The man the legend, CNBC's Rick Santelli joins us now live from Chicago. Rick, alright you've got to explain the logic to us here because the people who love to misinterpret you are already out there doing there work. Santell: I am as outraged as anyone for rewarding bad behavior, however if there were contracts in place....We are now focusing on a sixteen dollar towel rack in the bathroom, but times that by a thousand....
Francis, who I watched say that Joe the Plumber was a star on this time block for MSNBC certainly has Santelli's back. Is she saying he was misquoted when he called average American "loser?" It's amazing how tone deaf these pundits and politicians have been over AIG and their feelings about Wall street. The public is furious and to think that a meager 165 million dollars of bonuses wouldn't upset America is insane. And Obama's people have not done a good job on explaining this situation either. I'd like to see Santelli forfeit his entire salary since he's been a leading voice on CNBC throughout the worst economic meltdown in generations as a show of solidarity with the American people, who he believes are losers. And the amount of signatures on our FiX CNBC petition is now higher than the DOW.
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nonny mouse's picture

Great! So when do I get my million buck bonus for doing bugger all?

miss_kitty's picture

for doing LESS THAN bugger all.

offog's picture

that even the D.J. at my local rock station had to comment. "Bonuses for what? Running the company into the ground?"

Q: What do taxpayers have to say about the AIG bonuses?

A: Aaaiiig!

Abbybwood's picture

Those pesky ol' DERIVATIVES floating around out there in the economic digital mega-pixel land:

http://www.siliconvalleywatcher.com/mt/archiv...


"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn

wastelandusa's picture

Replace 'Corporate bonus' with 'Food Stamps', 'Infastructure spending', 'Tax increase', 'Education spending', or 'Healthcare reform' and then put $165 million next to it. Let's see if Mr. Santelli and his braindead followers still think that figure is no big thing, then.

Don't forget the National Endowment for the Arts. During the Robert Maplethorpe (Christ and fe.ces art) controversy in the mid 90's, the Republicans managed to milk their outrage on the cable statons for three solid months.

General Jack D. Ripper's picture

Yeah, Rick. It should be about the "B" word, you Bonehead.

And it should be about the "P" word, Principle. Since when does a company pay very handsome bonuses for failing?

What if AIG did not get that bailout money? How would they pay out those bonuses, you Bonehead?

BennyP's picture

The people will soon arrive at the French Solution to all these greedy bankers and politicians.
I;m collecting bricks for a large outdoor BBQ pit:)

ConcernedCanuck's picture

Ricky Bonehead thinks executives from failing companies, should receive entitlements like politicians do.

UAW had contracts too. We saw how legally binding those were.

Bonkers's picture

Thanks for watching this pig's clip so I don't have to. I can't take much more of these callous halfwits and their warped sensibilities.


I'm just superstitious enough to hedge my bets.

RobertD's picture

If a company is forced into bankruptcy, it is permitted not to honor its contracts. Innit how that works when corporations want to shed the contracts, medical costs and pensions of their workers?

Seems we, the people, own AIG--as Barney Frank said. Since I'm their new CEO, I say they have to sell their frickin' furniture, move into a trailer to conduct business, and hold a damn bake sale.

All the proceeds go to paying back our tax dollars.

Dons Johnson's picture

That's what he is.

miss_kitty's picture

way more than one. In fact I believe they have a 'Village Idiot' beacon that reels them in if they're close enough

RobertD's picture

It's actually magnetic. They stick to it.

They all suck's picture

grand theft.

Santelli's right: the AIG bonuses are mere theft.

It's the bailout money going out AIG's backdoor to its CDS counter-parties that's grand theft.

As much as I hate the bonuses, I'm inclined to think they're intended to keep our attention diverted from the grand theft.

There are an awful lot of distractions in the media these days. It's almost as if America wasn't still involved in two wars. No one even remembers the troops now, let alone supports them. How things change: over to ring 3 for the sideshow (disregard rings 1 and 2-- nothing to see.)

I'm not excusing the bonuses, but there's so much more not being reported!!!!


"If the US government enforced its banking laws like it did its park regulations, we wouldn't be
in this damn park in the first place." OCCUPY.!!

Alice X - Chomsky Nader's picture

165 million versus 170 billion.

1 in every $1000 we have given to AIG goes for the bonuses. The other $999 goes to the (other, much bigger) Fat Cat crooks.

The company is worth $100 billion. We own them nearly twice over.


statusquObama, change you can only pretend in

Purple State's picture

The Republicans went ballistic when earmarks for a few hundred thousand dollars each were tagged for use.

So we shouldn't be outraged over a failed company distributing a few hundred million of our dollars? I beg to differ, Mr. Santelli. That money could have done a world of difference to the American taxpayers.

It's not about millions, billions, or trillions of dollars. It's about sense. COMMON sense.

singe2's picture

I would like to see this news source tell the whole tale of how we got to where we are with A.I.G. You know the legislation passed in the 1990's, and during W's years...the lack of regulation, oversight and the clever greed mongers who set up the entire world economy for a collapse so they could eat really good steaks and drink superb wines in the Hamptons. I would hope they would include what Santelli and Cramer and Kudlow were doing to help the "process" along through the years. Also the crimminal lack of responsibility of every Democrat and Republican elected official from Clinton to Phil Graham to Bush. What I would like to see is these fucking pig demagogues at CNBC tell the real story of how the American people were led to the economic slaughter house and how the pigs who did it feasted on the fruits of the people's labor. Then we could have a serious discussion about the limits of Capitalism, the need for government oversight and very long jail terms for the perpetrators of these crimes. Enough of the clown shows, three ring circuses and continued rape of the planet.


the time has come the walrus said to talk of other things

Edwin's picture

Santelli is a story I don't care to follow, and am not. Not that it's not OK to post, and it is news, and current, but it bores me. It's obvious CNBC is by Wall St., for Wall St., and doesn't give a shit about workers or average taxpayers, so what can we expect??? CNBC: A network of arrogant, self-interested, self-promoting gasbags.


"If the US government enforced its banking laws like it did its park regulations, we wouldn't be
in this damn park in the first place." OCCUPY.!!

prin's picture

I would think if you are coming to the government with your hat in your hand because you screwed up, all previous contracts made by you to whomever, prior to receiving a bailout of your company, should be null and void. To hell with the statement that the employees would sue and cost you more in the long run. I would really like to see someone with the balls to put their name on legal proceedings and say "I deserve my bonus and I'm suing you to get it because we had a contract" I also don't want to hear how afraid for their greedy, corrupt lives they are, nor do I want to hear about how AIG has lost some of the very one's who could have helped them recover from this fiasco. Why didn't they do something before all this started? What I do want to hear about is a detailed description of what would happen if AIG were allowed to fold. How much worse could it be? Oh, and I want the truth too, not some reverse fairytale of doom and gloom.

getalife's picture

There are trillions reported "lost" worldwide but it stinks bad, very bad.

AIG will need more billions and get it.

Limp-Dick Blimpaugh's picture

Why is Rick the Dick allowed to spew lies and total bullshit to Americans that think these losers are right.

Liberal AND Proud's picture

at least he took Kudlow's dick out of his mouth long enuf to draw a breath.


"Anyone that makes less than $150K in this country, has no business voting Republican."

miss_kitty's picture

Rick Santelli says the 165 Million dollar AIG bonuses are 'no big thang'

Let him and CNBC stump it up then. after all, he thinks it's not a big deal, and CNBC obviously backs his crackerass.

Uncle Joe Mccarthy's picture

santelli was pissed at a few million to make sure people dont get their homees forclosed on

fuck him

and fuck this stupid ass country

Blue Lensman's picture

we're already being fucked

prin's picture

MoveOn.org has a new petition up to let members of congress know the outrage we feel...go sign it...

http://pol.moveon.org/aigbonus/?id=15758-1445...

Tyler Durden's picture

was over $400 million.

You know, a million here, a million there, and soon we will be talking about real money...

In other news, I guess this is exactly how the French peble felt when they were told to eat cake.

RobertD's picture

Someone above made a reference to just such a thing.

Does the name Robespierre mean anything to anyone?

fastfeat's picture

Fuck you, you stupid CNBC bimbos!


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Liberal AND Proud's picture

who you callin' stupid!!


"Anyone that makes less than $150K in this country, has no business voting Republican."

prin's picture

Media Matters has a petition up too.

"CNBC should publicly declare a drastic change of direction, committing to responsible journalism in an effort to hold Wall Street accountable in the future. As a first step, it should bring new economic voices on the air with a focus on those who were right about this crisis in the first place.

The stakes are too high for CNBC to continue acting as the unofficial mouthpiece of Wall Street. This is not a game. Together we can bring about the much-needed change we seek. That is why it is so important that you sign this petition today and then encourage your friends, family and co-workers to do the same."

go sign it here:

http://mediamatters.org/action_center/changec...

The fucking Glenn Beck of finance.

at huffpo - THE AIG PAGE


________________
common sense matters as much as truth

who is this blonde bimbo defending Santelli? Why ask him to defend himself at all? Why do this segment at all? UGH...

fastfeat's picture

claiming that they (Rethugs) warned treasury weeks ago about these AIG contracts.

And he's smiling and laughing. Not good.


"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."

---Southwest Airlines

Truth_Critic's picture

and ricks just getting less business at his table. Like Beck, he start to draw pictures... :-)

As far as the AIG investors, at least the ones who rode them down, are getting a double whammy. I feel sorry for them in away.


Study the symptoms not the virus...

geopoliticsandbeer's picture

Santelli is upset about the entire bailout. He's saying we're squabbling over peanuts compared to the bullshit that's been put through.

He deserved to be nailed for his "tea party" idiocy, but I think he's right about this one.

Tyler Durden's picture

at concern trolling....

LOL.

geopoliticsandbeer's picture

are you denying that Santelli is upset about the structure of the AIG bailout?

How upset did he look? He was more interested in having his Joe the Plumber moment.


"I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative.”
- John Stuart Mill

geopoliticsandbeer's picture

is an impossible thing, so why don't we be rational and listen to the words coming out of his mouth?

He very plainly said he's upset about the bonuses, but he's even more upset at the entire structure of the AIG bailout. And speaking as a leftist Obama voter, so am I.

Santelli already had his Joe the Plumber moment and then realized the heat wasn't worth it. This is just how Santelli normally talks, go watch old videos of him.

Yes he's annoying, but that doesn't mean we have to misappropriate his words to reinforce our own pre-existing worldviews.

Tyler Durden's picture

Epic Fail @ concern trolling.

geopoliticsandbeer's picture

n/t

Tyler Durden's picture

I guess, I should take notes from a guy whose only comments in this board amount to a Rick Santelli PR news release.

Santelli's pals already sucked over 1 trillion bucks. He was up to his nose in the creation of derivative financial vehicles (one of the main reasons for our current economic clusterfuck). This barmy piece of shit has been a crook all the way back to the 80s... when his pals Milken et al gave us all those wonderful financial scandals.

So I don't particularly care about what is bothering Santelli, with his track record... he can cram his opinions where the sun don't shine as far as I am concerned.

There, was that discourse enough for you?

geopoliticsandbeer's picture

but that was better.

I guess I still stand by the point that Santelli himself said he's opposed to the bailouts, he'd like to see them taken back but only once legal mechanisms are worked out that don't violate existing contract law. Disagree with the man if you want, at least be honest in your engagement. It helps us all.

For the record I disagree with him, I don't care if contract law has to be trampled on to get the bonuses back. They should be taken back at any cost.

Tyler Durden's picture

Santelli is full of shit. Period...

As I said, with his track record... he can keep his opinions safely where the sun don't shine.

Anyone falling for his act is sad IMHO.

geopoliticsandbeer's picture

yes, he did look upset. You've never been to Chicago, have you?

towntalk's picture

What is the big deal about $165 Million in bonuses versus the $18 Billion in bonuses paid to employees by the bailed out financial institutions a couple months ago?

I'm glad there is finally some bipartisan outrage, as evidenced by Republican Senator Charles Grassley who want's Exec's at AIG to commit seppuka. But, there was relatively little outrage over the $18 Billion in bonuses - the Republicans were dead silent on that subject.

Today, Santelli of CNBC was caterwauling about putting these relatively small dollars in perspective. I hate to agree with Santelli, but he's right.

16 cents is not 165 million. A 16,000 home is not comparable to 165 billion dollars in bailout money. Scaling does not work. There's no such thing as a $16K home. There hasn't been in over 30 years.

It's this idiot, then it's beck...before it was limpballs and coultier. You see a pattern here?

These are the biggest idiots you can find in the media today. They say and do the total bazarre shit so they can get better ratings. You think beck, limpballs and this buffoon haven't seen their ratings skyrocket with their nonsense.

I'm just tired of paying attention to these insignificant morons. They blather...we react. When are we just going to say enough is enough and quit covering their antics??

Wake up America. Do we ALWAYS have to be "outraged" by piles of human shit? I would say not.

nezua's picture

Joe the Plumber VS Rick Santelli CAGE MATCH!!!

because those two are such big chicken shits that they will spend hours running away in circles, away from each other... as they scream in sheer panic.

I can see a multitude of long distance running records being broken that night thought...

Liberal AND Proud's picture

a handbag match!


"Anyone that makes less than $150K in this country, has no business voting Republican."

Santelli was all up in arms over rewarding bad behavior. But that only applies to us little folk who only lose jobs & homes not bring down and entire economy with ridiculously risky trading. Those people deserve "only" $Ms in bonus. Not $Bs.

What color is the sky in the CNBC world?

Bix12's picture

The idiot on Fox & Friends...not the blonde (male) bimbo, the other one...with brown hair--the one with a penchent for proctology--said basically the same exact thing this morning.

bamboozled's picture

"Bonuses."

Nowhere else--in America, in small companies and large, even in corrupt and illegal operations, like drug trade or the Mafia--do people get ANY bonus for screwing up.

Another letter: "P" for "Principle."

If the captain of a ship is negligent and crashes a cruise ship into a reef, it doesn't matter that his contract says he should get the first seat on the lifeboat. He's going down with the ship.

bamboozled's picture

Someone working at a small company, say 20 people, can contract themselves up a $10 million dollar bonus, put the company out of business, even purposely drive it into the ground, and walk away with the bonus?

"Oh, but that's different." Why? Because a small company isn't like a big company. The big company is part of the Ol' Boy's Network, and we look out for each other.

In fairness to Santelli, he makes a fair point that the bonuses are a drop in the bucket compared to the rest of the bailout.

So is mortage relief.

So it's kind of funny that he want to whip up an angry mob over the thought of him paying the "losers'" mortgages, but not over paying the real losers' bonuses.

http://the-billablog.blogspot.com/2009/03/bri...

bamboozled's picture

Then write ME a check out for 6 million bucks. I had less to do with these companies failing than ANY of the people who are getting the bonuses. Therefore, I deserve a bonus.

He's not just a talking head, he's a financial executive. He's one of THEM. They're like the "body snatchers." They walk among us, but they're sucking our life forces to fuel their own survival.

capnmike's picture

We are getting inured to seeing all these big numbers tossed around...It's kind of like saying that the Dinosaurs lived 150 million years ago...the mind simply cannot grasp a period of time that long.
Put it in perspective. If you had a 1 million dollar per year salary, that would be $20,000 A WEEK! You can buy a brand-new car for less than that. So 3 or 4 weeks pay would buy you a Mercedes.
These bonuses may be small by comparison to the whole enchilada, but they ARE NOT SMALL, especially since they are being funded with the tax money of millions of folks who will never see that much money in their lifetimes.
Any company receiving federal bailout funds should be prohibited from giving out any bonuses, or face felony charges for their entire board of directors. Period. They are just plain stealing.

Rick Santelli's face and more directly
his lips remind me of the toilet on the LEXX
from the scifi series of the same....except
i would not lower myself to sit on rick's face
waiting for his tongue douching afterward.

we all have standards, don't we?.....except rick

OtteronSki's picture

Good observation. But the chicks nice.

5by5's picture

Ja-HEE-sus, this Santelli guy is a Grade A Jerk.

If it's such a "no big deal", I'm certain that any one of said executives wouldn't mind donating their bonus to ME.

I'll be generous and only take HALF of the $6.4 million that was given to that one dude. He can give the rest to relief in Darfur, because I just know what a "Good Guy" he is.

Gooseman's picture

It's disconcerting enough that our treasury secretary is a tax cheat who can't even use turbo tax correctly and is incapable of finding qualified assistants.

But more alarming is the lefts consistent cheer leading despite his colossal ineptitude. Even left leaning former Fed Chief Paul Volcker felt the need to publicly criticize Geitner's incompetence to the consternation of the Obama media.

Take for example the recent controversy over the AIG bonus money. According to a New York Times article, Timothy Geitner in his position as chief of the NY Fed actually crafted the original AIG bailout plan.

Of course now the sanctified Obama must intervene, to punish those greedy executives that received bonuses approved by his own treasury secretary.

The hypocrisy is astounding, but don't worry our vigilant media is on the case.

We will hear all about the administrations shock and dismay that abuses occurred under the bailout plan. The same tarp bill that Obama voted for and AIG rescue package designed by Tim Geitner.

The Obama administration will bear no responsibility for its actions and the medias criticism will inevitably be directed at the "corporate excess at AIG"

I wonder if the media might think that their failing newspapers might have some correlation to a loss of credibility amongst the public?

Oh well, lets just bail them out too. Certainly Obama would have a vested interest in doing so since their such best friends.

Obama can appoint an executive commissar of media to direct their collective efforts against whats left of free enterprise capitalism.

I'm surprised the media have not started openly advocating this plan themselves.

Tyler Durden's picture

Unlike the right, people on the left are capable of recognising their own detritus.

I mean, funny how you mention nothing about the right wing government which actually passed AIG's bailout. And you steer clear from all those right wing captains of industry, like AIG's CEO (A Bush Ranger campaign donor of more than $200K on 2004), which are the ones enjoying said bonuses.

So who is the hypocrite here? Hmmmmmm

mudshark's picture

You've been goosed by your own party and don't even know it.
I'm sorry to say, that your an i...t


What is your conceptual, continuity?

FreeAmerica's picture

I see nothing wrong with the bonuses as long as all gm,chrysler anr ford workers get a huge bonus from stimulus money too

OtteronSki's picture

I agree. The workers get treated like crap by Repubs. here is one surefire way to get the bonuses back:

Obama just needs to say..."Anyone not voluntarily giving back their bonuses can expect an audit going back all seven years".

I'll bet that creates a rush to write those checks.

nomoreclintonorbush's picture

a.) In terms of percent, the bonuses are no big thing.

b.) It's a logical fallacy to presume that the bonuses are the only item that's tantamount to fraud in the whole bailout program. That there's shit tons of money available means there are likely dozens of these "only" 100's of millions of dollars that are escaping under the radar for who knows what. It's like no one has heard of a compilation or audit.

c.) This Congress, and this administration have already enacted legislation to undo contracts, by giving judges the power to alter the terms of mortgages in this country under certain circumstances. It's a lie that the government doesn't have the power or prerogative to do this with respect to AIG's executives. They can, and probably should put the bonuses into escrow until each would-be recipient is investigated for fraud and regulatory violations. If cleared, they get their money. But not before then.

miss_kitty's picture

I don't give a shit about "In terms of percentages."

In terms of symbology, it's a huge fucking deal. It's a kick in the teeth to the newly homeless and unemployed. $165m could go a long way to help others. If AIG doesn't need it for the bail out, give it back, we'll find some one who fucking NEEDS money to give that to. No shortage of them around, thanks to greedy fuckwipes like these guys.

nomoreclintonorbush's picture

$165 million would not put a dent into helping the newly homeless or unemployed. It's a pathetic amount of money compared to the quantity of people affected. You're going to hand over, what, $40 each to them? Big f'n deal.

miss_kitty's picture

how idiotic. ...divide it by all the unemployed and homeless? That's what you think I meant? It never crossed my mind, it's so fucking ludicrous. fuck I can't believe what a stupid fuckin premise that is...You just don't get it.

These gdcser's DON"T NEED SHIT. They don't deserve it, they aren't operating under the same rules anymore.

fix a couple of schools give it to some food banks. throw it in Pell grants. Quit nickel and diming us with this 165m here and 200m there.

nomoreclintonorbush's picture

not to me. They're the ones voting for how this money is spent. They're the ones on the side of the banking cartel. Republicans and Democrats, it doesn't matter, they're all supporting these policies, and telling us how necessary for the entire world economy that this be done. The whole premise is bogus, let alone their excuses.
And no one deserves anything. No on is stopping you from giving money to food banks, the unemployed, to college students or whatever. I don't demand that your wallet be robbed for my pet projects, I would like to expect people to keep their hands off my wallet and not rob me to pay for their pet projects.

miss_kitty's picture

it's 165m not out of our pockets. and our kids' pockets and theirs and so on...

But the way I've been reading what you said, 165m is NBD if rich fuckers get it, because of its relationship in percentage to a greater sum, but its a huge fuckin deal if someone else with real needs gets it.

If you don't want to be spoken to, don't post comments on the internet.

And my money doesn't = 165m. That's the amount we were discussing.

nomoreclintonorbush's picture

In the context of percentage, it's not a big deal in any event, if we are talking about the same large sum of money.

You have a lot of nerve reading into what I did not write, and yet getting bitchy about how I read into what you were unclear about. "$165m could go a long way to help others" immediately preceded by newly homeless and unemployed. And yet you're SHOCKED that I think you meant to divide it among all the homeless and unemployed. Your lack of qualifying your statements and then giving birth to a bovine is pretty entertaining though. Please proceed with the next stage of mock astonishment.

Bix12's picture

Miss Kitty--$165 million is not chump change...and to lose grasp of that shows just how twisted we, as a society, have become.

I'm afraid the vast majority still don't get just how f'ing close to the precipice we are here.

On the one hand, there's the group that thinks $165 million is no big deal, and then on the other, there's the group that can't grasp the concept of just what a stimulous package is--they believe that the government should be budgeted the same way as one would run a household budget.

Anyway...it's late--I'm exhausted. Goodnight all.

iraqconcilable's picture

Ben Stein has just said on Larry King that some of the "bonus babies" have threatened to use their insider info to drive down AIG's stock even harder if they are denied their money. This is not only criminal, it's treasonous . Threatening to crash the U.S. economy is at least as bad as flying planes into buildings . These guys should be wiretapped, charged and convicted under the Patriot Act . And if this were last year, they could be tortured as well.

nomoreclintonorbush's picture

we should not even need to go to the Patriot Act for this. It is fraud, and it is tantamount to treason. Get them lawyers man.

nomoreclintonorbush's picture

The government already has taken it over. WTF does the government care if the company is worth even 1 cent per share? Fuck the shareholders. They allowed their company to be run into the ground. And if the government can't hack it, then there's bankruptcy court. The entire argument surrounding how AIG has got to be bailed out is specious and unproven.

bamboozled's picture

As an excuse of why we need to give out the bonuses.

Nearly every person I know who WAS in Finance is out of job. I'm sure most of them would take a job making HALF their old salary.

THESE ARE HUGE SALARY, HIGH-PROFILE POSITIONS. You're telling me, with the number of unemployed looking for jobs, you need to offer them multi-million-dollar BONUSES to attract talent?

Bullshit.

JohnnyBravo's picture

that defends these bonuses need their heads checked.


NOBODY 2012

DiggerofOz's picture

OK I don't get all of you. You are worried about 165 million vs 30 billion? So someone asks me for a loan of $100.00 and I am pissed about the way they spent .55 cents? Shouldn't you be pissed about having to loan them the $100 bucks in the first place? I don't think average Americans are 'losers', you're all idiots! Wake up and see how we just got robbed of our money, dignity, and our free market.

nomoreclintonorbush's picture

how exactly did we have any semblance of a free market prior to 9 months ago? there's been no truly free market in any of this.

DiggerofOz's picture

in my opinion began in 1933. But within the last 9 months that beat has become a frequency measured in the Mhz range. The role of the state in the economy should only be to enforce the laws that prevent fraud. Otherwise the two should be separate for the exact same reasons we have separation of church and state.

yellowdog's picture

Exists only to benefit those who already have money. You need money to make money, by espousing free market, conservatives guarantee the wealthy get wealthier and the rest of us are permitted to serve. 99% of the people who support free market economics on this board, over a beer or a cup of coffee have been conned by Republican pols who are bought and paid for by people like Madoff.

Don't worry, nothing will change. Ten years down the road, derivatives and hedge funds will creep back in as people like McCain, McConnell, Cantor, Clinton, Landrieu and Grassley bow to their masters, and deregulate everything so your sacred "free" market can reemerge.

DiggerofOz's picture

I like to think of it as NATURAL free market. Even if you have communism or socialism you still have free market... only then it's called the black market. It will always be there. Can you name me one economic system that works more efficiently or is more fair than the free market? What government controlled economy has ever run as good as a free and open market?

Donaldd's picture

Bailout
I thought Money Laundering was ILLEGAL; May be Not?
AIG is Laundering Money for their rich friends businesses to avoid pay restrictions imposed by Obama and Congress on bailout money.

Santelli is right in a way he probably doesn't realize.
AIG $100 million bonus debacle is small change compared to the Billions they are using to keep their friends from going directly to the FED for bail out money and having to submit to PAY and Bonus Restrictions.

Drug Cartels launder money to avoid income Taxes and violations of other laws and AIG is doing the same thing with Billions of our Tax dollars.


Donaldd

dosido's picture

notice how CNBC's Melissa Francis and MSNBC's Contessa Brewer defend Santelli

I'm glad you noticed, John. I've been puking over this so long, I'm dry heaving. Francis also started having hot spells over the fact that regular people were upset about these con artists getting bonuses, saying why SHOULDN'T they get a bonus if they've done a good job? To the point that I thought perhaps she wouldn't get some wedding china she's registered for if she didn't say that.

I don't know where these girls hang out, but it's not on Main Street, that is for sure. Both she and Contessa carry on like it's Date Dash and they've got to keep the guys off academic probation or no escort to the Prom. I cannot believe they are as highly educated as their resumes state. Why don't they get a career in Corporate PR instead of Journalism? Oh wait...

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