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A Great Pic Shows 'How the Bankers Went Down'

Posted by Isaac Fitzgerald, AlterNet at 5:05 AM on February 28, 2009.


This graphic, titled "Golden Parachutes: How the Bankers Went Down" is just fantastic.

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Check out this fantastic piece of work from Mint.com titled "Golden Parachutes: How the Bankers Went Down":

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Tagged as: picture, golden parachutes, mint.com, bankers


After 5 Weeks, 3 GOP Filibusters and 200,000 Americans Running Out of Bennies, Obama to Sign Unemployment Extension
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Unemployment Hits 10.2 Percent, Economy Sheds 190,000 Jobs
A run-down of the employment picture.
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640,329 jobs were created or saved. But the true significance of this number lies in the people behind it.
Post by Phaedra Ellis-Lamkins. November 4, 2009.
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Freeze & Seize & Prosecute
Posted by: Purple Girl on Feb 28, 2009 5:52 AM   
Current rating: 5    [1 = poor; 5 = excellent]
May not get US back everything they've embezzled & extorted but the sheer "Value added" Pleasure factor of watching can not be overlooked..

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NO WONDER NO ONE IS LOOKING FOR OSAMA BIN LADEN
Posted by: VZEQICVA on Feb 28, 2009 7:53 AM   
Current rating: 5    [1 = poor; 5 = excellent]
A paltry $50 million reward? Doesn't seem worth it. Anna

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*Sigh*
Posted by: Suz on Feb 28, 2009 8:54 PM   
Current rating: 5    [1 = poor; 5 = excellent]
One would almost wish that more parachutes wouldn't open.

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Bank robbers and liars
Posted by: Mrs. Jefferson on Mar 1, 2009 11:25 PM   
Current rating: 5    [1 = poor; 5 = excellent]
Call a pig a pig and not a family dog.

They then made those world banks "too big to fail" so we would have to bail them out with our tax dollars (with no over sight or accountability).

I've got a bridge I can sell you. Of-course you have to understand that pigon dung could bring that huge steel supported bridge down any time. We can't know when. It never happened before!

(I'm training myself it be a "change" politican who leaves office with millions of dollars which belongs to the people. That is the goal of our "public service" leaders today. Create the problem and then have the solution.)

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MrBob
Posted by: MrBob on Mar 2, 2009 5:29 AM   
Current rating: 5    [1 = poor; 5 = excellent]
Where is the responsibility for anything today. Bankruptcy, business failure, theft of innovation by foreign companies, NAFTA, wars for WMD's, and so on. No accountability is a virus that is bankrupting us. Each of these people that received compensation should be tried in a public forum like the O.J. Simpson trial. I would be happy to see these guys travel by "rendition air" to get the truth.

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Welcome to the Bizarro World
Posted by: hagwind on Mar 2, 2009 6:16 AM   
Current rating: 5    [1 = poor; 5 = excellent]
What I keep wondering is whether people who make that kind of money have any idea what the numbers mean. Like can they grasp what it means to lose life savings of $100,000, or a house valued at $300,000, or a job that pays $40,000 a year?

Another peculiar thing is how we obsess about elections and squabble about same-sex marriage when it's these guys who are running our lives.

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» RE: Welcome to the Bizarro World Posted by: WingedGryphon
» door swings both ways Posted by: billwald
Give bailout $ to local banks
Posted by: hollyw25 on Mar 2, 2009 9:16 AM   
Current rating: 5    [1 = poor; 5 = excellent]
I'm not an economist, and maybe that's why I don't understand why centralized, inefficient, unwieldy, opaque, and (apparently) greedy banks are getting bailouts. Why not send an equivalent amount instead (hundreds of billions!) to people in communities to strengthen and/or create local banks to do local lending (with a few common sense strings attached regarding how they operate)?

I'll bet there are entrepreneurs everywhere with the drive and the know-how to create plans and apply for such funds--along with people committed to keeping an eye on them! The banks wouldn't need to be nationalized--just be willing to operate by some generally agreed-upon standards, priorities, and procedures to prevent the excesses and errors that have led us to the current disaster.

Big banks seem to be getting handouts because they are "too complex to comprehend or regulate" and thereby "too big to fail." Let's reverse that trend by creating banks for a "new" economy--local or regional, responsive, transparent. Can you imagine the powerful effect that would have on communities and the economy? And we could probably even keep them appropriately regulated!

Holly
www.HopeWeSee.blog.com

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These huge payouts..........
Posted by: tap17x on Mar 2, 2009 10:26 AM   
Current rating: 5    [1 = poor; 5 = excellent]
.........would be eliminated if the top tax rate were say 91%, as it was during WW2. If you leave without having earned the millions, the rate would be 98%. Fuck the rich.

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» These huge payouts . . . Posted by: chloelin
What is the one thing the rich are willing to let the poor
Posted by: Landbaron on Mar 2, 2009 10:56 AM   
Current rating: 5    [1 = poor; 5 = excellent]
call theirs and keep......"Their distance". In the meantime the rich are inside their gated communities enjoying their $5,000 shower curtains while the poor are losing everything including their health, and we sit here helpless just blowing off steam. That hurts, but; "Such is life".

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The rich are not all to blame...
Posted by: celeborn on Mar 3, 2009 2:37 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
We can't blame the working rich who invest on providing jobs... but we sure have to blame the Repugs who teamed up with super–rich Corporate pirates... the big guys who don't give a sh_t about the working middle class; and a White House that removed the safeguards against Wall Street and the oversight of the banks...

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» What? Since when? Posted by: ScoobyDoobyDoo
» RE: What? Since when? Posted by: Chloe2005